Connected vehicle cameras are having a dramatic impact on the cost and lifecycle of insurance claims and could save the commercial fleet sector many millions of pounds a year.
An analysis of 4,000 vehicles fitted with the technology found a 50% reduction in average claims costs and a 15% increase in the average speed of resolution compared to vans and HGVs operating without a camera.
“The clear message to commercial fleet operators is that connected vehicle cameras are proven to make insurance claims cheaper and quicker to resolve,” explained Sam Footer, Partnerships & Marketing Director at Intelligent Telematics. “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.”