Telematics & Vehicle Build Data – the next frontier for auto claims - and quite possibly the Holy Grail - LeadCloud News
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Telematics & Vehicle Build Data – the next frontier for auto claims - and quite possibly the Holy Grail
04 September 2020

Telematics & Vehicle Build Data – the next frontier for auto claims - and quite possibly the Holy Grail

Telematics tools are growing in popularity around the world. The data collected by telematics devices provides insurers and claims adjusters with information, such as: how fast a vehicle was traveling, whether there was any hard or erratic breaking, the mileage driven, as well as the GPS location of specific incidents. Vehicle build data is essentially a complete picture of what a vehicle was equipped with when it rolled off the assembly line.

William Brower, vice president of auto claims at Lexis Nexis Risk Solutions, recently included vehicle telematics and build data in a blog post entitled ‘Five auto claims trends to watch in the 2020s’. He wrote: “Historically, claims handling has been focused on the individuals involved in the loss and the police crash report to determine the loss details. Now with the addition of telematics and build data, insurance adjusters can gather key data points immediately at time of accident with a push of even more real time data integrated into the claims system.”

Learn more here - https://www.insurancebusinessmag.com/us/news/commercial-auto/telematics-and-vehicle-build-data--the-next-frontier-for-auto-claims-232185.aspx

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