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SA telematics companies to drive global first in crash technology

Published

2014

Wed

27

Aug

The telematics industry in South Africa is set to mark a global first with the imminent introduction of ground-breaking crash technology that alerts local emergency services on impact. Vincent Gore, CEO of Resource Tracking says the introduction of Fully Automated Crash Technology (FACT) to the South African market will completely revolutionise how emergency services respond to accidents. “The system immediately alerts emergency services within seconds of an accident, determining the level of response required and the damage to the vehicle.”

In addition, the technology automatically and accurately predicts the possible injuries to the occupants of a vehicle, giving emergency response teams actionable data to inform the dispatching of response teams. FACT is also able to quantify the mechanical damage to a vehicle calculating the angle of collision impact, vehicle crush, bill of materials and a preliminary cost to repair the vehicle.

Gore says that several major telematics companies in South Africa have now completed technical due diligence on the technology and are entering into pilot projects. “It’s been an exciting journey to date and we’re looking forward to working with our partners to bring this technology swiftly to the South African market.”

In the 2013 Road Safety Annual Report from The International Transport Forum, South Africa is cited as having amongst the highest accident rates worldwide. Road accidents cost South Africa around R307 billion annually. FACT alerts emergency services on impact, determines the level of response required and the damage to the vehicle

Features of the technology include:

  • Automated crash detection and initial reporting in seconds
  • Sends instant crash alerts via text message to authorised numbers
  • Understand the probability of bodily injury to the occupants using advanced predictive analytics in minutes to lower fraudulent personal injury claims
  • The ability to view accident re-construction reports with key pre-crash parameters in seconds
  • Generate a preliminary loss estimate for material damage to improve the disposition of the vehicle in the repair system

The main focus of insurance telematics over the past 3 plus years has been driver scoring, or measuring the way a specific driver handles his vehicle, to anticipate better the likelihood of an accident, and a claim. Driver scoring technology, also known as usage based insurance (UBI) allows insurers price policies better and attract lower risk drivers.  According to Gore, “the success of UBI has convinced many insurance industry leaders of the power of telematics, especially on the underwriting side of the business. We are now taking telematics one step further into insurance claims operations, by fully automating accident reporting and analysis.” 

Gore believes that crash management technology can make a significant difference to fatality rates as a result of road accidents.  Being able to provide insurance companies with the ability to identify risky drivers and a report that can calculate the angle of collision impact, vehicle crush, bill of materials and a preliminary cost to repair the vehicle, all in real time is truly ground-breaking.  

 
Source: Robertson Edwards PR
 
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