Blog

Calculating Driver Risk: The New How for UBI

  • February 28, 2018
  • Peter Byrne
  • Reading Time: 2 minutes
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  Usage-based insurance (UBI) paired with vehicle telematics is an evolutionary step over traditional risk rating methods for insurance underwriting.  Instead of pricing insurance coverage based mainly on age, credit score, address, occupation and other variables, telematics enables UBI, which can augment the rating factors above and deliver much more insight into the individual driver’s …

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Crash Management Across Verticals

  • June 29, 2017
  • Peter Byrne
  • Reading Time: 2 minutes
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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 …

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Managing the Day-to-Day Cost of Crashes

  • June 15, 2017
  • Peter Byrne
  • Reading Time: 2 minutes
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For any given driver, a collision is a rare event. But in a large population of drivers, accidents happen every day. For insurers and large fleets, crashes are not unexpected peril, but day-to-day business costs that must be managed just like any other expenses. That’s why we are excited about the newest services of CrashBoxx™: …

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Vehicle Area Networks: The Edge is Moving

  • August 31, 2016
  • Peter Byrne
  • Reading Time: < 1
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By now, you’ve heard about analytics at the edge. Smaller, cheaper, more powerful computing devices are becoming ubiquitous, leading to a revolution in how data is processed. It is no longer necessary to backhaul everything for analysis at a central location. The increasing power of edge computing makes it possible to collect and analyze ever-increasing …

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Disrupting the Automotive Industry Through Automation

  • June 22, 2016
  • Peter Byrne
  • Reading Time: 2 minutes
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Automation is the key to reducing the time and cost associated with the claims management process. This is why CalAmp refers to our product suite as aFNOL instead of just FNOL. Our Instant Crash Notification (ICN) system fully automates the accident notification process by providing users with immediate and automated notification that an accident has …

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Overcoming the Negatives of False Positives

  • June 15, 2016
  • Peter Byrne
  • Reading Time: 2 minutes
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The single biggest impediment to deployment of automated first notice of loss – or AFNOL – systems and broad adoption by users is system reliability. That is, ensuring false reports (aka false alarms) are minimized. Insurance providers and fleet operators must be able to rely on the inbound report as a real accident, and not …

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Introducing Instant Crash Notification

  • June 06, 2016
  • Peter Byrne
  • Reading Time: 2 minutes
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Insurance claims, and the cost of processing them, are expensive. At up to 80 percent of premiums earned, they can be the single largest expense for carriers. With today’s advances in connected car technologies, there is a new focus on automating the claims management process – from immediate accident notification to remote damage assessment and …

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