In the light of increasing fraudulent insurance claims, Laurence Smith, executive at Graphic Image Technologies, explained to IT-Online how next-generation dashcams reduce these fraudulent claims.
“Dashcams are now equipped with smart sensors that are capable of registering and recognising trigger events, such as sudden stops, sharp acceleration, or collisions. These devices are capable of automatically uploading a 10-second video clip of the event to be stored in the cloud, while simultaneously sending email or SMS notifications, allowing insurance service operators to respond directly to vehicle incidents without having to be summoned”, Smith explains.
With this technology policyholders will not only benefit from life-saving proactive emergency responses, but also from premiums that are linked to their driving behaviour, in the form of discounts or rewards for responsible driving.
He further explains that insurance assessors will not have to search through reams of footage (if the insured happened to have a dashcam on board) to isolate the incident, because modern dash cam solutions contain software-based video management systems, through which all events footage can be easily managed with a central dashboard that logs events by description, date, time and type.
Therefore, with the latest dashcam technology insurers can now proactively monitor customers and receive a stream of information which helps them to determine whether a claim is valid or not.
“With a dashcam solution in place insurers will finally have the ability to enforce honesty in insurance claims to significantly reduce the impact of the cost of fraud on both the insurance industry as a whole and at an individual consumer level”, Smith concludes.
Click here to read the IT-Online article.
