Octo Telematics launches crash management services for the US

Octo Telematics, provider of advanced telematics systems and services to the vehicle and insurance industries globally, is to add specialised crash management services to its Usage Based Insurance (UBI) programs in the United States. Crash management services reduce costs and provide tangible life-saving benefits for drivers, their passengers, and insurance by providing the vehicle’s location for prompt assistance in the event of a crash, as well as detailed crash kinematics and dynamic reconstruction. Vehi
September 6, 2012 Read time: 2 mins
6515 Octo Telematics, provider of advanced telematics systems and services to the vehicle and insurance industries globally, is to add specialised crash management services to its Usage Based Insurance (UBI) programs in the United States.

Crash management services reduce costs and provide tangible life-saving benefits for drivers, their passengers, and insurance by providing the vehicle’s location for prompt assistance in the event of a crash, as well as detailed crash kinematics and dynamic reconstruction.

Vehicle insurance has traditionally been based on the predicted risk of a single driver, his age, type and age of vehicle and claim history. UBI enables actual driving behaviour and verified mileage, as well as detailed crash reports, to be used to provide quicker and more accurate claims and risk assessments to save money.

“We’ve been doing this in Europe for years,” said Nino Tarantino, CEO of Octo Telematics North America. “Claims departments use crash management services to evolve their operating efficiencies while significantly improving their loss ratios. I firmly believe adding these new services to existing UBI programs will catapult the already-growing US market forward.”
Location Based Systems

Related Content

  • Specialist consultancy launched at Bordeaux
    October 6, 2015
    Two former chairmen of ITS America have combined their expertise to form a consultancy specialising in advice on connected and automated vehicles (CAV).
    Read More
  • Hawaii backs road user charging to replace fuel tax
    August 7, 2019
    Fuel tax revenue in Hawaii is falling - and even in paradise, someone has to pay. Adam Hill talks to Hawaii DoT’s Scot Uruda about a major change in the way the state funds road improvements All over the world, governments, transportation agencies and local authorities are casting around for new forms of revenue as the money from taxes imposed on fuel begins to trickle away. Spending is outstripping tax take as a combination of more efficient internal combustion engines and the increasing take-up of cars
    Read More
  • Report: 'Red-light cameras have reduced crashes’
    February 27, 2013
    From the beginning, the SafeLight and SafeSpeed programs in the Louisiana city of Lafayette have met with controversy and resistance. However, a newly released report shows that the programs, which began in 2007, have reduced crashes at monitored intersections and improved the city's finances. A new contract with Redflex, the company that runs the program, will provide cameras at four new locations and will deploy two more speed vans by 2016. “We believe that SafeLight and SafeSpeed, the so-called red-light
    Read More
  • Cost-benefit analysis of red light cameras in US cities and towns
    July 18, 2012
    American Traffic Solutions (ATS) has commissioned a cost-benefit analysis the results of which it claims show the direct economic savings to communities that result from using red-light safety cameras at dangerous intersections. The analysis was carried out by John Dunham and Associates, an economic research firm specialising in economic and fiscal impact studies.
    Read More

Highlighted Content