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How Will Integrated Car-Cameras Change Vehicle and Fleet Insurance?
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Using dash cams for better
insurance outcomes and service
Using dash cams for better
insurance outcomes and service
Using AI on top of dash cam footage provides better service to customers,
and makes the claim adjustment process faster and more accurate
Dash cams come in many different sizes and shapes, from basic recording devices to smart cloud-connected dash cams that automatically create clips and store them on the cloud, and even inform drivers when their car is being tampered with or hit while parking. The potential of dash cams is much more than video evidence, since they can transform the collision reconstruction and claim resolution process.
Why Nexar?
Nexar-powered dash cams detect 90% of accidents and immediately create a detailed record of the incident. Users can submit a report in one click, with the correct event video and additional data including sensor output and location. Using this data, Nexar also provides a detailed reconstruction of the accident, with a step by step textual analysis of what happened, powered by AI. Our accident reconstructions contain valuable, contextual data for claims adjusters to understand the causes of an accident and speed the resolution and liability adjustment process.
Our clients
Reduce Claim Ambiguity & Loss Adjustment Expense
Using Nexar’s collision reconstruction means that claims adjusters don’t need to comb through videos and infer what happened, since most of the groundwork is already done by Nexar. Each reconstruction includes a second-by-second timeline reconstruction with driver behavior (e.g. speed and braking data) and reduces the chances of error or wasted dispute time. Most importantly, quick resolution also ensures a better dialogue with the insured, based on a visual ground source of truth.
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Detection
Supporting one-click reports, a video FNOL, with all information localized and in-context.
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Collision Reconstruction (1st party)
A second-by-second timeline reconstruction with driver behavior (e.g. speed, distance and braking data) and a detailed status of signs and traffic lights
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Scene Reconstruction (3rd party)
A detailed collision timeline that includes 3rd party behaviour, (e.g. speed and location), automatically providing full sensor and visual verification of what actually happened between colliding vehicles.
Benefits
Settle claims in a quick, automated and cost effective manner with one source of truth
Improved quality of adjudication and consistency across adjusters, ensuring they follow your defined business rules
Optimize the claims process from claims intake to resolution and reduce fraud
Provide better customer service with faster claims decisions while reducing expenses
Great for small fleets
Nexar's dash cams can be a cost effective way to provide value to insured fleets and professional drivers, from ride-share to drivers. Your insured fleets and drivers will get a smart dash cam that can help them exonerate drivers and prove the truth, even with regards to what is happening inside the cab. They will also be able to track vehicles and coach drivers. You can offer a discounted program and better manage claims with visual evidence and collision reconstruction.Read more
Works for existing dash cam programs
Our detection, damage assessment and reconstruction capabilities can cover any connected camera, enabling collision reconstruction for all insurers with a connected camera program. You can aggregate and search across all videos using your driver metadata, without download, IT or storage issues, reduce the time to determine cause of collision, insure liability and validate the intake call using data from the dash cam (accident location, impact direction, vehicle speeds and more). Nexar’s platform can also be seamlessly incorporated into your FNOL and adjustment processes.
