Analytics software firm, FICO, in partnership with eDriving, has launched the latest version of the FICO Safe Driving Score in eDriving’s smartphone-based driver risk management app, Mentor by eDrivingSM. FICO Safe Driving Score 2.0 will now better predict the likelihood of future collisions, enabling fleet managers to more effectively mitigate risk, lower costs, and keep drivers safe.
Following validation of its predictive ability using a large-scale, naturalistic driving data set, this latest version has an 18% improvement in predicting drivers who are “high risk” – those who are 30% more likely, on average, to be involved in a future collision – versus those identified as “low risk.”
“We designed the latest FICO Safe Driving Score to take an even deeper look at driving behaviours in order to improve the ability to predict driver risk. As we continue to innovate the FICO Safe Driving Score to be the industry standard, our goal is to provide transparent and valuable insights to keep all drivers safe,” said Rachel Bell, vice president of Scores and Analytics at FICO.
Leveraging telematics-based driving data from eDriving’s Mentor app, the Safe Driving Score predicts the likelihood of future driving incidents by evaluating behaviours proven to be most predictive of crash risk, including acceleration, braking, cornering, speeding and cellphone distraction.
After each trip, drivers not only receive their Safe Driving Score, but also instant feedback providing pointers on how to improve in the future. In addition, each driver also receives 3-5-minute coaching modules to help improve identified “at risk” behaviours and attitudes. This insight allows fleet managers and drivers to address driving that needs improvement, as well as acknowledge behaviours that deserve kudos.