Verra Mobility partners with Xtract to offer incident management solutions to vehicle fleet customers
Verra Mobility (NASDAQ: VRRM) has announced a partnership with Xtract to offer incident management solutions to vehicle fleet customers. This collaboration will enable Verra Mobility's customers to leverage Xtract's platform and connected vehicle data for near-real-time collision detection and analysis.
The partnership aims to improve claims processing speed and accuracy by automatically aggregating connected vehicle data. Xtract's digital reporting process replaces paper accident forms, utilizing vehicle telematics and AI to reduce the time and exposure of claims handling. Fleet managers will receive instant notifications of collisions involving their vehicles, allowing for proactive incident management and risk reduction.
Verra Mobility's existing fleet management services include toll payments, violations, and title and registration services for over seven million vehicles globally, processing more than 300 million annual toll transactions.
Verra Mobility (NASDAQ: VRRM) ha annunciato una partnership con Xtract per offrire soluzioni di gestione degli incidenti ai clienti delle flotte di veicoli. Questa collaborazione permetterà ai clienti di Verra Mobility di sfruttare la piattaforma di Xtract e i dati dei veicoli connessi per rilevamento e analisi delle collisioni in quasi tempo reale.
L'obiettivo della partnership è migliorare la velocità e l'accuratezza del processo di gestione dei sinistri, aggregando automaticamente i dati dei veicoli connessi. Il processo di reporting digitale di Xtract sostituisce i moduli di incidente cartacei, utilizzando la telematica dei veicoli e l'intelligenza artificiale per ridurre i tempi e l'esposizione nella gestione dei sinistri. I manager delle flotte riceveranno notifiche istantanee delle collisioni che coinvolgono i loro veicoli, consentendo una gestione proattiva degli incidenti e una riduzione dei rischi.
I servizi di gestione della flotta esistenti di Verra Mobility includono pagamenti toll, violazioni e servizi di registrazione e titoli per oltre sette milioni di veicoli a livello globale, elaborando più di 300 milioni di transazioni annuali per i pedaggi.
Verra Mobility (NASDAQ: VRRM) ha anunciado una asociación con Xtract para ofrecer soluciones de gestión de incidentes a clientes de flotas de vehículos. Esta colaboración permitirá a los clientes de Verra Mobility aprovechar la plataforma de Xtract y los datos de vehículos conectados para detección y análisis de colisiones en tiempo casi real.
El objetivo de la asociación es mejorar la velocidad y precisión en el procesamiento de reclamaciones al agregar automáticamente datos de vehículos conectados. El proceso de informes digitales de Xtract reemplaza los formularios de accidentes en papel, utilizando telemática de vehículos e inteligencia artificial para reducir el tiempo y la exposición en el manejo de reclamaciones. Los gerentes de flotas recibirán notificaciones instantáneas sobre colisiones que involucren sus vehículos, lo que permitirá una gestión proactiva de incidentes y una reducción de riesgos.
Los servicios de gestión de flotas existentes de Verra Mobility incluyen pagos de peajes, violaciones y servicios de títulos y registro para más de siete millones de vehículos a nivel mundial, procesando más de 300 millones de transacciones anuales de peaje.
Verra Mobility (NASDAQ: VRRM)는 차량 플릿 고객에게 사고 관리 솔루션을 제공하기 위해 Xtract와 파트너십을 체결했다고 발표했습니다. 이 협력을 통해 Verra Mobility의 고객은 Xtract의 플랫폼과 연결된 차량 데이터를 활용하여 거의 실시간 사고 감지 및 분석을 진행할 수 있습니다.
파트너십의 목표는 연결된 차량 데이터를 자동으로 집계하여 클레임 처리의 속도와 정확성을 향상시키는 것입니다. Xtract의 디지털 보고 프로세스는 종이 사고 양식을 대체하고, 차량 텔레매틱스와 AI를 활용하여 클레임 처리의 시간과 노출을 줄이는 데 도움을 줍니다. 플릿 관리자들은 자신의 차량이 연루된 충돌에 대한 즉각적인 알림을 받아 사고를 선제적으로 관리하고 위험을 줄일 수 있습니다.
Verra Mobility의 기존 플릿 관리 서비스에는 전 세계적으로 700만 대 이상의 차량에 대한 통행료 결제, 위반 사항 처리 및 등록 서비스가 포함되어 있으며, 매년 3억 건 이상의 통행료 거래를 처리합니다.
Verra Mobility (NASDAQ: VRRM) a annoncé un partenariat avec Xtract pour offrir des solutions de gestion des incidents aux clients de flottes de véhicules. Cette collaboration permettra aux clients de Verra Mobility d'exploiter la plateforme de Xtract et les données des véhicules connectés pour la détection et l'analyse des collisions en quasi temps réel.
Le but de ce partenariat est d'améliorer la rapidité et la précision du traitement des réclamations en agrégeant automatiquement les données des véhicules connectés. Le processus de rapport numérique de Xtract remplace les formulaires d'accidents papier, utilisant la télématique des véhicules et l'IA pour réduire le temps et l'exposition dans la gestion des réclamations. Les gestionnaires de flottes recevront des notifications instantanées des collisions impliquant leurs véhicules, permettant ainsi une gestion proactive des incidents et une réduction des risques.
Les services de gestion de flotte existants de Verra Mobility incluent des paiements de péage, des violations et des services de titre et d'enregistrement pour plus de sept millions de véhicules dans le monde, traitant plus de 300 millions de transactions de péage annuelles.
Verra Mobility (NASDAQ: VRRM) hat eine Partnerschaft mit Xtract angekündigt, um Fahrzeugflottenkunden Lösungen zur Unfallverwaltung anzubieten. Diese Zusammenarbeit ermöglicht es den Kunden von Verra Mobility, die Plattform von Xtract und die Daten vernetzter Fahrzeuge für nahezu in Echtzeit erkennbare Kollisionen und Analysen zu nutzen.
Das Ziel der Partnerschaft ist es, die Geschwindigkeit und Genauigkeit der Schadensbearbeitung zu verbessern, indem automatisch Daten vernetzter Fahrzeuge aggregiert werden. Der digitale Berichtprozess von Xtract ersetzt papierbasierte Unfallformulare und nutzt Fahrzeugtelematik und KI, um die Zeit und Exposition bei der Schadenbearbeitung zu verringern. Flottenmanager erhalten sofortige Benachrichtigungen über Kollisionen, an denen ihre Fahrzeuge beteiligt sind, was eine proaktive Unfallverwaltung und Risikominderung ermöglicht.
Die bestehenden Flottenmanagementdienste von Verra Mobility umfassen Mautzahlungen, Verstöße sowie Titel- und Registrierungsdienste für über siebene Millionen Fahrzeuge weltweit und verarbeiten mehr als 300 Millionen jährliche Mauttransaktionen.
- Partnership with Xtract expands Verra Mobility's fleet management offerings
- Potential for improved claims processing speed and accuracy for fleet customers
- Instant collision notifications for proactive incident management
- Automated data aggregation from connected vehicles
- Complements existing services covering 7 million vehicles and 300 million annual toll transactions
- None.
Insights
Verra Mobility's partnership with Xtract marks a significant advancement in fleet management technology. By integrating Xtract's AI-powered platform, Verra Mobility is addressing a critical pain point for fleet operators: incident management. This collaboration leverages connected vehicle data and AI to provide near-real-time collision detection and analysis, potentially reducing operational costs and improving risk management.
The partnership could lead to increased efficiency in claims processing and a reduction in fraudulent claims, as the system provides accurate, timely data on incidents. For Verra Mobility, this move enhances its value proposition in the competitive fleet management market, potentially leading to increased customer retention and acquisition. However, the success of this initiative will depend on the seamless integration of Xtract's technology with Verra Mobility's existing systems and the willingness of fleet operators to adopt this new technology.
This partnership addresses a major pain point in fleet management: the time-consuming and often inaccurate process of incident reporting and management. By automating collision detection and providing near-real-time analysis, fleet managers can respond more quickly to incidents, potentially reducing downtime and associated costs.
The standardization of incident data capture is particularly noteworthy, as it can lead to more consistent and reliable reporting across fleets. This could be invaluable for large fleet operators managing vehicles across different regions. However, the effectiveness of this solution will depend on the quality and reliability of the connected vehicle data. Fleet operators should carefully consider their vehicle telematics capabilities before fully relying on this system.
This partnership has significant implications for the insurance industry, particularly in the commercial auto sector. The near-real-time collision reconstruction insights provided by Xtract's platform could revolutionize the claims process, potentially leading to faster settlements and reduced fraud. For insurers, this means lower operational costs and improved risk assessment.
However, the adoption of this technology might also lead to shifts in liability determination. With more accurate data available, there could be fewer disputes over incident details, but also potentially more complex negotiations when the data reveals nuanced fault scenarios. Insurers will need to adapt their processes to fully leverage this technology, which could initially lead to some disruption in established claims handling procedures.
Verra Mobility's tolling, violation and title and registration customers can leverage Xtract's platform and connected vehicle data to detect and analyze collision events in near-real time
"Incident management is a time-consuming, manual and painstaking process for fleet owners and fleet management companies," said Steve Lalla, Executive Vice President of Verra Mobility's Commercial Services division. "Xtract's innovative approach to simplify and automate incident management is a perfect complementary fit in our suite of fleet solutions. Verra Mobility believes data generated from connected vehicles will increasingly enable more efficient solutions to benefit fleet operators, and incident reconstruction is a crucial use case for how data can be used to save fleets time and money."
Xtract's digital reporting process replaces paper accident forms and enables the capture of standardized incident data by leveraging vehicle telematics and AI in order to reduce the time and exposure of claims handling. Through the Xtract platform, fleet managers will receive an instant notification when a collision occurs involving one of their vehicles so they can proactively manage the incident and reduce risk.
"A fleet of any size needs immediate incident notification, incident reconstruction, and a rapid response plan," said Tim McCarthy, EVP of Business Development at Xtract. "We developed Xtract's AI-powered platform to detect and interpret telematics data to take the stress out of the entire process from reporting all the way through to insurance claim resolution. We are excited to partner with Verra Mobility to reduce operational expenses and mitigate risk for fleet customers, working together to make the lives of fleet managers easier and more profitable."
Verra Mobility provides solutions for commercial fleet vehicles including management of toll payments, violations and title and registration services. Its fleet management services are utilized by major fleet owners, operators, and managers to conveniently and automatically pay over 300 million annual toll transactions and violation fees for more than seven million vehicles globally.
For more information about Verra Mobility's fleet offerings, visit: www.verramobility.com/commercial.
About Verra Mobility
Verra Mobility Corporation (NASDAQ: VRRM) is a leading provider of smart mobility technology solutions that make transportation safer, smarter and more connected. The company sits at the center of the mobility ecosystem, bringing together vehicles, hardware, software, data and people to enable safe, efficient solutions for customers globally. Verra Mobility's transportation safety systems and parking management solutions protect lives, improve urban and motorway mobility and support healthier communities. The company also solves complex payment, utilization and compliance challenges for fleet owners and rental car companies. Headquartered in
About Xtract
Trusted by some of the world's largest global insurers and fleets, Xtract provides a digital First Notice of Loss (FNOL) and accident reconstruction solution by aggregating multiple data sources including telematics, weather, mapping, video, repair estimation etc. to improve claims processing speed and accuracy. Claims handlers can identify and analyze incidents in near-real-time leveraging telematics data in order to resolve claims and improve risk exposure. Learn more at https://www.xtract360.com.
Forward Looking Statements
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FAQ
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