Blog

Crash Management Across Verticals

  • June 29, 2017
  • Peter Byrne
  • Reading Time: 2 minutes
06.29-Blog-1

In a previous post we discussed the importance of managing the inevitable cost of collisions across large fleets and insurance pools. As noted previously, the important features of CrashBoxx™ are:

• Instant crash alerts—provides immediate notification when a collision occurs

• Accident reconstruction—sends crash event data within minutes of a crash

• Predictive physical damage—helps determine vehicle damage in near real time

Let’s dig in to the ways these features help insurance providers, fleet managers and new car dealers.

Insurance Providers Fight Fraud, Expedite Claims and Lower Costs

For insurance providers, the CrashBoxx vehicle risk management solution with instant crash alerts is the first line of defense against claims fraud. More importantly, the immediate availability of crash information with a severity rating enables faster response to the crash scene for improved medical or life-saving care.

For deeper insight, accident reconstruction reporting assists in the investigation to help verify the accuracy of the driver’s crash report, enable more successful subrogation and mitigate fraud.

Predictive physical damage improves vehicle triage in the field. By providing a detailed list of parts and automating all functions associated with material damage, CrashBoxx helps speed claims processing while lowering cost.

Fleet Managers Accelerate Repairs and Mitigate Liability

Fleet managers can now be immediately aware of any accidents and quickly repair damaged vehicles to keep their service vehicles rolling and maintain operational efficiency. In the event of a crash, fleet managers can rely on CrashBoxx instant crash notifications to facilitate emergency response. Near real-time predictive physical damage enables businesses to send the right service to the right place at the right time to accelerate the repair process and save valuable time and money. During the investigation process, accident reconstruction provides detailed reports and valuable insights into the crash to mitigate workers’ compensation liability.

Car Dealers Protect Assets, Improve Experience and Generate New Revenue

CrashBoxx protects assets whether they are on the lot, out for a test drive, or already sold. If a crash occurs, CrashBoxx delivers real-time crash notifications that can generate new revenue by offering the opportunity to repair or service the damaged car through the dealer’s body shop and service department. Predictive physical damage helps determine whether a vehicle is a total loss or can be repaired. If the damaged vehicle must be replaced, the dealer can sell the customer a new car and offer vehicle financing.

CrashBoxx also provides remote vehicle diagnostics and maintenance reminders to improve the customer experience on the lot and after the sale. The flexibility of the CrashBoxx system enables dealers to develop and offer new value-added services to maintain customer engagement and facilitate servicing for the full life-cycle of the vehicle.

Conclusion

The CrashBoxx vehicle risk management system gives insurers, fleet managers and car dealers the tools to mitigate fraud and lower liability and cost while improving the experience for both the employee and the customer. For more details check out our CrashBoxx page.