Company Name: Mercurien
Announcement Date: 25/07/2018
Announcement Category:
Announcement Content:
20 June 2018
Insurtech underwriting agency Mercurien Insurance Pty Ltd (AFSL 408284) today announced
that it will offer telematics-enabled, motor fleet insurance to the Australian market, with
the offering to be backed by Zurich Australian Insurance Limited (Zurich).
Mercurien’s insurance offering will build on its proprietary BetterDriver™ telematics
technology, and use the insights that BetterDriver™ delivers around fleet safety, risk and
taxation outcomes to help insurance brokers deliver value to their clients.
“BetterDriver™ is a best-in-class telematics offer developed for Australian conditions and it
assists organisations and drivers in managing risk,” said Mercurien CEO and Co-Founder,
Michael Graham.
“BetterDriver™ measures the quality of driving across multiple parameters including
braking, cornering, acceleration, speeding, length and time of journey and specific geolocations.
The outcome we seek is fewer injuries, fewer crashes, lower costs, less downtime,
reduced fuel usage, and enhanced asset utilisation. We are very excited to now be able to
combine the insights from BetterDriver™ with an insurance offering, backed by leading
motor fleet insurer Zurich.”
Andrew Murrie, COO and Co-Founder of Mercurien said: “Australian fleet operators are
constantly on the lookout for better ways to manage their fleets and with our simple, cloudbased
solution they can assess their operations, from driver behaviour to tax credits, in near
real-time. This enables them to assess and manage risks as they emerge which results in a
lower cost, lower risk fleet.”
“We designed BetterDriver™ with the fleet manager and operator in mind. We saw the
issues with Fringe Benefits Tax, the opportunities for Fuel Tax Rebates and we applied for
and hold Class Rulings with the ATO for Fringe Benefits Tax Logbooks and Fuel Tax Credit
rebates ensuring users comply with the relevant Act. The result is a lower cost, lower risk
fleet.”
Giles Crowley, Head of Commercial Insurance, Zurich General Insurance Australia & New
Zealand, said: “As a leading motor fleet insurer we’ve seen first-hand the benefits of
telematics in terms of driver safety, fleet maintenance and efficiency. We look forward to
working with Mercurien and believe their offering will complement our broader motor
proposition.”
20 June 2018
Steven Ord, Chief Distribution Officer, Zurich General Insurance Australia & New Zealand,
said: “We are always on the hunt for agencies that can help bring innovative solutions to our
broker partners and their customers. We are looking forward to working with Mercurien to
explore the potential of their offering.”
According to Michael Graham the future of motor insurance is data driven from sensors in
smart devices, smartphones and embedded in vehicles themselves. “The ability to measure
and manage data for risk and safety will become paramount,” he said.
“The Workplace Safety and Duty of Care regimes are tightening everywhere and we think
that there is a great opportunity for insurers to work with data to create the future of
insurance. Working with the team at Zurich showed us that they were the right partner –
and vice versa.”
Zurich Mercurien Motor Fleet Insurance will be available from Friday 22 June 2018.
ENDS
For further information contact:
Michael Graham
CEO and Co-Founder, Mercurien 0414 507 450 [email protected]
Andrew Murrie
COO and Co-Founder, Mercurien 0402 534 814 [email protected]
Josh Clements
Head of Communications, Zurich 0401 406 305 [email protected]
About Mercurien
Mercurien is an innovator in mobility telematics for driver risk management and motor insurance.
Mercurien Insurance Pty Ltd (ABN 68 150 845 177 AFSL number 480284) holds a delegated authority
as intermediary for Zurich Australian Insurance Limited
Further information is available at www.mercurien.com
About Zurich
Zurich Insurance Group (Zurich) is a leading multi-line insurer that serves its customers in global and
local markets. With about 53,000 employees, it provides a wide range of property and casualty, and
life insurance products and services in more than 210 countries and territories. Zurich’s customers
include individuals, small businesses, and mid-sized and large companies, as well as multinational
corporations. The Group is headquartered in Zurich, Switzerland, where it was founded in 1872. The
holding company, Zurich Insurance Group Ltd (ZURN), is listed on the SIX Swiss Exchange and has a
level I American Depositary Receipt (ZURVY) program, which is traded over-the-counter on OTCQX.
Further information about Zurich is available at www.zurich.com
Announcement URL: https://www.mercurien.com/
About Mercurien:
Mercurien is a innovator in mobility telematics and data analytics for motor insurance and fleet optimisation.
Go to Company Profile for: Mercurien
Announcement Contact: [email protected]
