Concirrus, a UK-based insurtech company, has teamed up with connected camera specialists SureCam to automate risk management and streamline the claims process for fleet operators.
As per the agreement, Concirrus will integrate SureCam’s technology into its data analytics platform, Quest Fleet.
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The integrated solution will provide new insights and help fleet operators to automate risk management processes and optimise First Notification of Loss (FNOL).
As a result, fleet operators will be able to gain reduced insurance costs and boost profitability.
SureCam managing director Justin White said: “We recognise that fleet operators find it difficult to manage and prioritise the vast amount 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 automation of processes, improve data analysis and help alleviate the operational burden for our customers.”
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By GlobalData“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.”
SureCam has been working with some of the fleet operations including G4S, Eddie Stobart and Krispy Kreme, for the past five years.
Concirrus managing director of motor Craig Hollingworth said that extending the Quest Fleet proposition to the fleet operators enable the company to manage larger and self-insured customers by cutting cost shortening the claims process.
“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,” Hollingworth added.
