London-based insurtech Concirrus is partnering with connected camera specialists SureCam and is planning to integrate their technology into its data analytics platform Quest Fleet.
It’s hoped the move will provide new insights and enable fleets to automate risk management processes, prioritise driver coaching effectively and optimise First Notification of Loss. This in turn, will reduce insurance costs and improve profitability.
“We recognise that fleet operators find it difficult to manage and prioritise the vast amount of data available through telematics and video footage,” explained Justin White, Managing Director at SureCam.
“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.”
“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.”
For the past five years, SureCam has been working with some of the leading fleet operations including G4S, Eddie Stobart and Krispy Kreme.
Craig Hollingworth, Concirrus’ Managing Director of Motor, said, “Having evaluated the market, SureCam was a great partner for our business given their focus on safety, combined with a high calibre of clients aligned with our own values and vision.”
“Extending the Quest Fleet proposition to the fleet operators allows us to address larger and self-insured customers. 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.”
Sam Footer, Co-Founder and Strategic Partnership Director, added, “The partnership with Concirrus not only provides SureCam with an innovative and market leading solution but also gives us a lot of credibility based on Concirrus’ reputation and expertise within the insurance sector.”
“Quest Marine has been a huge success and SureCam are delighted to have been chosen as the preferred camera supplier of choice that are now fully integrated within the Quest Fleet platform.”