Inzura launches digital DashCam
London-based Inzura has launched the first fully digital DashCam solution with automatic video FNOL.
The ‘Inzura DashCam’ white-label product includes a Mio733 camera and a branded app that seamlessly 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 is automatically uploaded to the insurer with no user intervention required. This unique automatic video FNOL capability solves one of the biggest issues to date in the DashCam and telematics industry. No longer do insurers have to rely on drivers to upload video data.
Last, the new DashCam solution can be deployed in under 6 weeks and can service small brokers to large insurance companies alike.
Established in 2015, Inzura – a team of 10 – offers cloud-based services and template smartphone apps to insurers, typically charging “monthly user volume-based fees.” It has customers in the UK, Thailand, Singapore and Indonesia and it has raised a bit over $2 million since its inception.
“The ability to deploy an affordable DashCam insurance product ‘out of the box’ in under 6 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%+ improvements in Loss Ratios for Brokers and reducing fraud. Offering the solution also demonstrates a broker or insurer’s commitment to improving road safety.” – Ian McWilliams, Inzura co-founder and COO.
“Inzura DashCam represents another big step forward for brokers and insurers who want to modernize and digitize 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 straight forward route for our customers to go digital.” – Richard Jelbert, CEO at Inzura.