InsurTech Spotlight: Collision Sciences

Collision Sciences

Company: Collision Sciences

Website: www.collision-sciences.com

Business Category: A technology provider of InsurTech tools to insurance practitioners

Maturity Status: Mature (more than 3 years since product went into production)

Product or Service: CrashScan EDR “Black Box” App – PDF reports & Big Data

Area: Property & Casualty Insurance

Collision Sciences provides information intelligence to insurers to help improve claim outcomes. Collision Sciences has developed an app-based EDR tool and “black box to cloud” data science solution that enables insurers to collect and utilize factual data for any motor vehicle loss. Collision Sciences provides easy-to-read PDF reports and the option to ingest raw crash data for customer’s internal data science purposes.

What makes us an InsurTech:

CrashScan is a universal, mobile-app-based EDR (Event Data Recorder) solution, and is the only “vehicle black box” market option that offers affordable hardware, included user training, dedicated client centric data collection, customizable cloud data analysis, strategic alerting and reporting, and engineering tech support for users.

Major features & technology used:

Collision Sciences uses advanced algorithms to analyze retrieved EDR “black box” data to provide flags for fraud and liability, including indicators for staged accidents, speeding or the lack of an avoidance maneuver. Further, Collision Sciences uses machine learning and data science to provide case specific injury science information intelligence.

About Collision Sciences

Collision Sciences Inc. (CSI) is a global technology and information provider that enables insurance carriers and corporations significant financial and operational benefits through scaled access and intelligent application of vehicle “black box” pre-crash data, biomechanical injury severity risk data, diagnostic repair data, and reconstructed motor incident data. For more information, visit www.collision-sciences.com.

Source: Collision Sciences

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