Markets
WTM

CNA Financial Adds SambaSafety to its Allied Vendor Program

An image of a smartphone with a spreadsheet on the display
Credit: Shutterstock photo

CNA Financial CorporationCNA has added SambaSafety to brace its Allied Vendor Program. SambaSafety is one of the premier driver risk management solutions providers in North America.

CNA Financial's driver risk management platform is expected to be benefited by SambaSafety's expertise and unique ability to deliver innovative solutions. Per the agreement, CNA Financial will offer SambaSafety's driver risk management services to its auto coverage policyholders at a heavily discounted rate.

SambaSafety is well known for delivering alerts to improve driver performance, lower accidents and minimize risks. The service is provided through a driver risk management platform, which consistently monitors drivers and provides detailed reports of driver behavior. Thus, the addition of SambaSafety fits the insurer's three-point strategy to help customers deal with commercial auto and fleet risks.

CNA Financial is the 13th largest property and casualty insurer and the eighth largest commercial insurance writer in the United States. It provides several insurance products and services to its clients, and risk management solution is one of its key business areas.

The company initiated the Allied Vendor Program in 2007 to provide its customers with additional risk control programming access in order to secure their work environments. The inclusion of SambaSafety further strengthens the aforesaid program of CNA Financial.

Zacks Rank and Stocks to Consider

CNA Financial presently carries a Zacks Rank #4 (Sell). Some better-ranked stocks in the property and casualty insurance space are Federated National Holding Company FNHC , The Travelers Companies, Inc. TRV and White Mountains Insurance Group, Ltd. WTM . All these stocks sport a Zacks Rank #1 (Strong Buy).

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days . Click to get this free report >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

TRAVELERS COS (TRV): Free Stock Analysis Report

CNA FINL CORP (CNA): Free Stock Analysis Report

WHITE MTN INS (WTM): Free Stock Analysis Report

FEDERATED NATL (FNHC): Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

WTM TRV FNHC CNA

Other Topics

Stocks

Latest Markets Videos

Zacks

Zacks is the leading investment research firm focusing on stock research, analysis and recommendations. In 1978, our founder discovered the power of earnings estimate revisions to enable profitable investment decisions. Today, that discovery is still the heart of the Zacks Rank. A wealth of resources for individual investors is available at www.zacks.com.

Learn More