BlackBerry and DMC Insurance Partner to Help Trucking Companies Increase Safety and Better Manage Risk
WATERLOO, Ontario and FISHERS, Ind., June 13, 2018 -- BlackBerry Limited (NYSE:BB) (TSX:BB) and DMC Insurance, Inc. (“DMC”), a Fairfax Company and a leading provider of commercial transportation insurance solutions, announced today they have partnered to help trucking companies improve operations, increase safety and better manage the total cost of risk. As part of this agreement, the companies will develop insurance-based products and services using near real-time data from BlackBerry Radar, such as vehicle location, route and mileage, temperature, humidity, door status, and cargo load state.
“The DMC Management Team averages over 30 years of experience in providing insurance for the transportation industry,” said Joe DeVito, CEO of DMC. “As a leader in this space, we strive to design products which take advantage of the latest technology for the benefit of our customers. BlackBerry Radar is exactly what we were looking for.”
“Our partnership with DMC reinforces the value BlackBerry Radar brings to the transportation market,” said Sandeep Chennakeshu, President of BlackBerry Technology Solutions. “By being able to access valuable, near real-time information, motor carriers can optimize their costs of risk and improve their return on investment. This is another great example of how BlackBerry Radar provides a solution to a real need in the transportation market.”
BlackBerry Radar is an innovative and data-driven solution that installs in minutes and provides near real-time information on an intuitive online dashboard. Radar collects up to 100x more data than conventional GPS-based track and trace solutions, and uses this information to build a 360-degree visualization of a customer’s assets to ensure safety, security, and regulatory compliance. All data is stored securely to maintain the privacy of user information at all times.
For more information on BlackBerry’s asset tracking solution please visit BlackBerry.com/Radar.
BlackBerry is an enterprise software and services company focused on securing and managing IoT endpoints. The company does this with BlackBerry Secure, an end-to-end Enterprise of Things platform, comprised of its enterprise communication and collaboration software and safety-certified embedded solutions.
Based in Waterloo, Ontario, BlackBerry was founded in 1984 and operates in North America, Europe, Asia, Australia, Middle East, Latin America and Africa. The Company trades under the ticker symbol "BB" on the Toronto Stock Exchange and the New York Stock Exchange. For more information visit BlackBerry.com, and follow the company on LinkedIn, Twitter and Facebook.
About DMC Insurance
DMC Insurance provides expertise in transportation insurance to fleet trucking and public transportation entities. DMC is part of Fairfax Financial Holdings Limited and serves as the transportation program manager for marketing, underwriting, and claims management for Crum & Forster. DMC leverages decades of trucking insurance experience to help clients navigate risk and maximize financial outcomes. DMC specializes in creating best in class insurance programs which include the appropriate coverage structure, customized risk engineering partnership and data-driven measurement of progress.
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