Last year, Plexus Law teamed up with Intelligent Telematics to launch a proactive claims management service for large self-insured corporate fleets. The technology-led solution, using the industry-leading SureCam 3G vehicle camera, is designed to take advantage of 24/7 First Notification of Loss (provided by the leading accident management company, sopp+sopp) to provide a quality claims experience with early-and cost-effective settlement. As result, vehicle operators can now achieve high levels of brand protection while reducing the financial impact of motor insurance claims.
Following the analysis of 4,000 vehicles fitted with Intelligent Telematics’ SureCam 3G forward-facing device, it was found that there was a 50% reduction in average claims costs and a 15% increase in the average speed of resolution when compared to vans and HGVs operating without a camera.
By having access to video evidence with supporting vehicle data direct from the scene of a collision is helping insurance claims handlers to make a faster and more accurate liability decision. The findings show that it is possible to take better control of the claims management process using connected vehicle cameras, with rear-end shunts (55%) and collisions while emerging from junctions (43%) seeing the largest reductions in average claims costs.
Tim Short, Head of Motor Practice at Plexus Law commented: “When you consider that the reported average cost of motor property damage and personal injury claims last year was almost £3,000 and £10,000 respectively, there are clear benefits to be had from adopting connected vehicle cameras. By taking advantage of first notification of loss (FNOL) and proactive claims management a commercial fleet operator can make dramatic savings, which will go straight to the bottom line of their business.”
Sam Footer, Partnerships & Marketing Director at Intelligent Telematics added: “The clear message to commercial fleet operators is that connected vehicle cameras are proven to make insurance claims cheaper and quicker to resolve. Understanding who was responsible can quickly be established with immediate access to video footage – avoiding costly 50/50, exaggerated and fraudulent claims – while at fault incidents can be identified and processed rapidly, keeping third-party costs to a minimum.”
Notes to Editors
Plexus Law are pioneers. For many years, we have been at the forefront of defendant law, delivering innovative, high-quality legal services for insurers in the composite, general; London/Lloyd’s and niche markets.
Practice areas cover all insurance lines, span international work and include a dedicated subrogation and recoveries offering. Claims handling and litigation services are provided to corporate clients via dedicated handling centers.
We are a modern and flexible law firm with a national network of offices and a highly motivated team of litigators committed to delivering effective solutions and outcomes for our clients.
Intelligent Telematics is the leading provider of connected camera solutions to the fleet, road transport and insurance sectors, which are suitable for all types and sizes of vehicle operations including HGVs, vans, buses, coaches and cars. With a successful and proven track record, using the most sophisticated and reliable technology currently available, we are committed to working closely with our customers to achieve real cost savings, improve road safety, enhance duty of care and increase brand protection.
Headquartered in Reading, Berkshire, our international capabilities are supported by a dedicated US operation based in St Louis, Missouri, and a regional partner and reseller network across four continents, which provides high levels of local sales and technical support.
For further information please contact:
Head of Legal Practice Development
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