London, UK, 9 December, 2013 – Concirrus Ltd, a leader in cloud-based software for the Internet of Things, has announced that Collision Management Systems has chosen the Concirrus Connect platform to launch its solution for the fleet risk management market.
The innovative incident data solutions provider launches the first advanced eFNOL (Electronic First Notification of Loss) and claims assessment solution designed for the Internet of Things.
The new DriveGuard solution utilises next generation telematics technology, combined with the latest Internet of Things platform, both from Concirrus, to deliver an unparalleled level of technical flexibility and real-time intelligence for those dealing with the incident and claims process.
By gathering more information and combining this with unique research, the DriveGuard system provides powerful insight and an holistic view of incidents from first notification of loss through to the settlement of claims, dramatically reducing costs and exposure to fraud.
“Core to the system are the cross-platform capabilities of the Telenor Connexion network to ensure that when an accident does occur, crucial information from the vehicle can always be retrieved in real-time,” said Dean Woods, Head of UK & Ireland for Telenor Connexion. “Applications such as these clearly demonstrate the power of our network.”
“The use of telematics in the insurance industry is gathering pace and has proven to be an invaluable tool for identifying and managing risk. However, the DriveGuard solution represents a true step forward in utilising telematics data and the Internet of Things to handle claims more efficiently,” said Andrew Yeoman, CEO of Concirrus. “We are excited that Collision Management Systems has chosen the Concirrus platform on which to operate that solution. Combined with the wide range of hardware ‘things’ now certified on the platform it means that Concirrus customers can focus on building their business, not building the technology.”
Charles Smith, CEO of Collision Management Solutions explained: “We chose Concirrus as their platform allowed us to provide a leading edge and powerful solution in a remarkably short period of time. It is testament to the experience of the Concirrus team in the Internet of Things and telematics market that we have been able to deliver this solution to market quicker than we could have otherwise conceived. During our initial market testing there has been a great reaction from fleets, accident managers and insurers who see DriveGuard as the perfect tool to reduce their increasing claims costs”.
