Insurtech Concirrus has partnered with specialist camera technology provider Surecam to automate fleet risk management processes.
The tie-up will see both firms aim to revolutionize the claims process and deliver significant ROI for fleet operators. The idea is that SureCam will be integrated with Concirrus’s data analytics platform Quest Fleet to provide new insights, automate processes, prioritize driver coaching effectively and optimise First Notification of Loss (FNOL). This, in turn, will reduce insurance costs and improve profitability, said SureCam.
According to SureCam managing director Justin White, fleet operators find it difficult to manage and prioritize the vast amounts of data available through telematics and video footage.
“Therefore, we needed to determine how we could harness advanced technologies such as AI and machine learning to facilitate the automation of processes, improve data analysis and help alleviate the operational burden for our customers,” White explained. “With a cutting-edge technology platform, easy to use interface and a solid team of data scientists, partnering with Concirrus was a natural choice for us and we’re very excited to take this game-changing solution to market.”
Meanwhile, Concirrus motor managing director Craig Hollingworth acknowledged SureCam’s high caliber of clients including fleet operators G4S, Morgan Sindall, Hoover Candy, Wincanton, Eddie Stobart and Krispy Kreme.
“Extending the Quest Fleet proposition to the fleet operators allows us to address larger and self-insured customers,” Hollingworth said. “This means any cost savings that can be made by driving out risk and shortening the claims process will go straight to their bottom line.
“For smaller fleets that may be traditionally insured, we’ve seen insurers pass cost savings from these projects back to the fleet operator – so, it’s win-win for everyone,” he added.
