DPL Telematics and OneBeacon partner with savingsDATELINE; October 7, 2008 – DPL Telematics today announced it has developed an initiative with OneBeacon Insurance that will allow OneBeacon policyholders to purchase DPL Telematics Titan Equipment Monitoring System at a discount. This collaboration with OneBeacon offers the insurer’s customers powerful theft protection and security for their equipment, which in turn significantly reduces the risk and likelihood of loss.
A unique GPS-based asset tracking technology built specifically for the demanding environment of the construction industry, the TITAN Equipment Monitoring System enables equipment owners or insurers to instantly locate and remotely shut down stolen equipment online. Additionally, the system immobilizes equipment at a predefined curfew window and emits a silent, real-time alarm if a start attempt occurs or the asset is moved. The silent alarms contact an unlimited number of people via mobile phone and email.
“TITAN collects data remotely and transforms it into practical information for intelligent business decisions,” said Tony Nicoletti, director of North American sales for DPL Telematics. “For the equipment owner, it is the complete tool for increasing asset profitability and productivity while reducing the costs and risk of theft.
“Over 50 percent of equipment losses in the construction industry are due to theft; so, by reducing that factor via the TITAN system, we can help reduce the loss exposure significantly for both the equipment owner and the insurer.”
Don Keahon, OneBeacon’s national inland marine manager, said, “A critical element in managing our policyholders’ risks is helping them avoid losses in the first place. By teaming up with companies like DPL Telematics, we can offer our contracting customers the added comfort of a proven, reliable solution for protecting their equipment.”
About DPL Telematics
DPL Telematics is a leading provider of advanced asset monitoring and telemetry technologies for the construction, mining, rail and oilfield industries. With over 10 years experience and an excess of $430 million in customer mobile assets trusted to it, DPL Telematics delivers a single turnkey remote monitoring solution with a global reach of over 130 countries. Award winning products include the Titan Equipment Monitoring System for construction equipment and the Skyhawk Vehicle Tracking System for trucks.
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OneBeacon Insurance Group’s operating subsidiaries offer a range of specialty and segmented commercial and personal insurance products sold primarily through select independent agents. As one of the oldest property and casualty insurers in the United States, OneBeacon traces its roots to 1831 and the Potomac Fire Insurance Company. Today, OneBeacon’s specialty insurance products are available countrywide, and commercial and personal lines are offered in select geographic territories. OneBeacon Insurance Group’s U.S. headquarters is in Canton, Massachusetts. The company is publicly traded on the New York Stock Exchange under the symbol “OB”.