Nationwide’s Venture Partnership With Nexar Helps Create Safer Roadways
Nationwide is partnering with Nexar, a mobility startup focused on promoting safer driving, as part of a plan to deploy $100 million of venture capital in customer-centric solutions.
A pilot program in New York City used Nexar dashcams in the fleet vehicles of a Nationwide commercial lines client, HASC Center, a non-profit agency that provides services - including transportation services - for children with special needs. During the 16-week program, HASC Center drivers demonstrated significantly safer driving habits by the end of the program, showing a substantial decrease in the key driving behaviors identified as most likely to lead to accidents.
“This partnership with Nexar and the pilot program with HASC Center demonstrates our commitment to innovation by leveraging technology to better protect policyholders, their employees and their clients,” said Tony Fenton, vice president of commercial product development for Nationwide. “The future of safer roads is going to rely on our ability to use technology to predict and prevent collisions, ultimately promoting safer driving. Our investment in Nexar drives that conversation. We’re thrilled to see the results so far, and we’re committed to increasing our research capabilities.”
Nexar is a mobility startup focused on promoting safer driving. Through the application of deep learning and artificial intelligence technologies to millions of recorded driven miles, Nexar provides collision prevention, detection, reconstruction, as well as traffic light prediction and other data products to the insurance and automotive industries. Nexar’s dashcam app connects vehicles to a connected safe driving network, improving the roads for everyone.
The Nexar Pilot Project
During the pilot, Nexar installed its dash-cam technology with the HASC Center in 20 fleet vehicles. Over the course of 16 weeks, the dashcams monitored over 3,000 hours of fleet vehicle operation and more than 20,000 miles of mostly city travel.
The pilot program determined that, collectively, HASC Center’s fleet drivers demonstrated improved driving behavior from the beginning of the trial to the end. For example, hard-braking maneuvers decreased 70 percent from five hard brakes per 100 miles to one-and-a-half hard brakes per 100 miles.
“We were excited to be included in this pilot program,” said Avi Sacks, fleet manager for HASC Center. “At the time Nationwide approached us with the opportunity, we were actively looking for a dashcam solution. Our goal is to ensure the safety of the children we transport around the city on a daily basis. We are committed to making dashcams standard in all of our vehicles because the benefits we experienced through this program dramatically improved safe-driving behaviors.”
A follow-up survey of the pilot showed that 78 percent of fleet managers indicated that dashcam technology had a positive or very positive impact on driver behavior, and 67 percent of drivers reported that they were comfortable with dashcam technology present in their vehicle.
“As Nationwide nears its centennial in 2026, we’re doubling down on our innovation efforts to prepare for the next 100 years,” said Scott Sanchez, Nationwide’s chief innovation officer. “Investing in Nexar is one example of how Nationwide is helping solve consumers’ protection needs in new and digital ways.”