London, UK (July 12, 2019) – SureCam, the market leader in connected camera technology, has announced a partnership with Concirrus, a leading InsurTech, to provide a ground-breaking solution that is set to revolutionize the claims process and deliver significant ROI for fleet operators.
Justin White, Managing Director at SureCam explains: “We recognize that fleet operators find it difficult to manage and prioritize 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. 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, Morgan Sindall, Hoover Candy, Wincanton, Eddie Stobart and Krispy Kreme. The integration of SureCam with Concirrus’ dynamic data analytics platform, Quest Fleet will provide new insights, enabling fleets to automate risk management processes, prioritize driver coaching effectively and optimize First Notification of Loss (FNOL). This in turn, will reduce insurance costs and improve profitability.
Craig Hollingworth, Concirrus’ Managing Director of Motor comments: “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 comments: “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.”
Concirrus is the creator of Quest, an insurance software platform developed with, used and trusted by insureds, insurers, reinsurers and brokers around the world. Quest allows existing and new data to be ingested, understood and presented in a way that provides valuable insights to help improve loss ratios.
Quest analyses billions of historical and real-time data sets to derive new behavioral factors that can be used to look at risk in a more targeted, intelligent way. A cloud-based, scalable enterprise grade solution, the Quest platform is used and trusted throughout the (re)insurance market value chain enabling optimization of risk management portfolios.
For more information, visit www.concirrus.com.