Inzura.ai launches digital white-label dashcam and telematics solution
UK based Insurtech Inzura has launched the first fully digital dashcam solution with automatic video first notification of loss (FNOL). Brokers, insurers and MGAs can now offer a dashcam-supported insurance product with a dashcam unit and supporting app under their own brand name.
The Inzura DashCam white-label product includes a Mio733 camera and a branded app that manages the camera set-up and operation. Footage is recorded automatically on the camera and in the event of an accident, FNOL and the accident video file are automatically uploaded to the insurer with no user intervention required.
This automatic video FNOL capability means insurers no longer have to rely on drivers to upload video data.
Inzura said its AI enabled automatic video FNOL will have an immediate impact on loss ratios, meaning substantial cost savings for insurers and greater negotiating power for brokers. The new dashcam solution can be deployed in under six weeks and can service small brokers to large insurance companies alike.
Ian McWilliams, Inzura co-founder and COO, said: “The ability to deploy an affordable dashcam insurance product ‘out of the box’ in under six weeks gives brokers a powerful marketing and business tool. It also delivers undeniable negotiating power with underwriters, making products more competitive thanks to the ability to price risk with a high degree of accuracy. Inzura DashCam is already delivering 20 percent-plus improvements in loss ratios for brokers and reducing fraud. Offering the solution also demonstrates a broker or insurer’s commitment to improving road safety.”
Richard Jelbert, CEO at Inzura, added: “Inzura DashCam represents another big step forward for brokers and insurers who want to modernise and digitise their insurance business. Brokers and insurers of the future are embracing digital strategies as the best way to deliver something entirely new and customer-centric - differentiating their brand to customers and delivering impressive underwriting improvements. Inzura DashCam can optionally be combined with our other white-label products like Inzura Drive to add telematics to the same insurance product. We offer the simplest and most straightforward route for our customers to go digital.”
As well as instant access to accident footage via the Inzura Insurer Portal, the new solution includes advanced driver assistance features (ADAS) such as lane departure and forward collision warning. The branded app also places customer support at the core of its offering and can additionally include a new in-app chat capability allowing easy access to the insurer’s support team.
Inzura has successfully deployed the new dashcam solution with a number of brokers including Abbey/Autoline.
