Verisk’s National Equipment Register (NER) and KYCS Global Collaborate to Enhance Heavy Equipment Security and Theft Recovery Capabilities
04 June 2024 - 11:03PM
National Equipment Register (NER), a Verisk (Nasdaq:VRSK) business
and a dedicated source of information for insurance and law
enforcement agencies equipment theft risk, and KYCS Global Inc., a
leader in providing solutions for simplifying theft-recovery and
identification of assets, announced today that they are
collaborating to provide cutting-edge security and recovery
solutions for heavy equipment assets.
This strategic integration revolutionizes the ecosystem for
theft-recovery and security of assets and offers unprecedented
benefits to businesses across agriculture, construction, and
industrial services industries. The agreement between Verisk, a
leading global data analytics and technology provider, and KYCS
Global will combine KYCS’s recovery device technology with NER’s
robust data and tracking capabilities. It will also bring together
related incentives from insurance providers and will be available
to equipment and fleet operators across North America. As a result
of this enhancement, NER’s IRONwatch solution will now be called
IRONwatch Locate, to better communicate the increased functionality
offered to clients.
“Our research shows that heavy equipment theft continues to
rise. Our goal is to prevent our clients from becoming a statistic,
so we are excited to join forces with KYCS to offer our clients
superior theft recovery technology and product support by
leveraging our industry contacts and unique datasets,” said Ryan
Shepherd, general manager of supply chain and equipment solutions
at Verisk. “The combined, complementary strengths of the two groups
makes our new offering much more compelling for our clients.”
“It has been a privilege to add our unwavering commitment to
innovation, professionalism, and customer satisfaction to NER’s
already leading data about load condition monitoring and location
tracking capabilities along with their related insurance
incentives,” said Dana Rowe, vice president business development at
KYCS Global. “The combination distinguishes IRONwatch Locate from
other theft recovery offerings available in the theft recovery
market today.”
In addition to the cutting-edge theft-recovery functionalities,
users of Verisk’s IRONwatch Locate gain access to complimentary
HELPtech registration and insurance incentives. The industry's
leading online database for tracking stolen heavy machinery,
Verisk’s HELPtech serves as a crucial resource for law enforcement
officials in recovering stolen equipment. This invaluable tool not
only facilitates swift recovery but also helps businesses save
money on expenses such as rental fees, delayed penalties and
stalled costs.
One of the most compelling incentives offered is a theft
deductible waiver of up to $10,000, providing financial relief and
peace of mind to businesses in the event of theft. This incentive,
coupled with the comprehensive features of IRONwatch Locate,
reinforces NER's commitment to delivering innovative solutions that
empower businesses to safeguard their assets effectively.
To learn more about equipment theft, visit NER’s website at
http://www.ner.net.
About VeriskVerisk (Nasdaq: VRSK) is a leading
strategic data analytics and technology partner to the global
insurance industry. It empowers clients to strengthen operating
efficiency, improve underwriting and claims outcomes, combat fraud
and make informed decisions about global risks, including climate
change, extreme events, ESG and political issues. Through advanced
data analytics, software, scientific research and deep industry
knowledge, Verisk helps build global resilience for individuals,
communities and businesses. With teams across more than 20
countries, Verisk consistently earns certification by Great
Place to Work and fosters an inclusive culture where
all team members feel they belong. For more,
visit Verisk.com and the Verisk Newsroom.
About KYCS Global Inc.KYCS Global Inc. is a
technology firm that develops cutting-edge theft-recovery and asset
identification solutions for law enforcement and for businesses
seeking to optimize their operations and safeguard their assets,
while adding revenue to their bottom lines. KYCS boasts
never-before-seen exclusive OEM partnerships with Honda Canada and
Acura Canada, with more OEM partnerships to be announced throughout
2024. KYCS is also exclusively partnered with leading crime
prevention organizations such as Crime Stoppers USA and Crime
Stoppers Canada and exclusively endorsed by dealership bodies such
as the RVDA and RVRA across North America. KYCS is widely approved
by major insurance providers for both personal lines and garage
policy benefits. For more information, visit www.kycs.ca or contact
Dana Rowe at the information provided below.
Media Contacts
Mary Keller
Verisk
339-832-7048
mary.keller@verisk.com
Dana Rowe
KYCS Global
289-404-8598
drowe@kycs.ca
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