Collision Management Systems (CMS) is launching a new data aggregation solution for commercial and personal motor insurers that allows them to access data from multiple retrofit or embedded third-party telematics systems in order to reduce claims frequency and severity.
It delivers up to a 10-point combined operating ratio improvement enabling insurance carriers to access telematics data to make better decisions, enhance services and improve the bottom line.
Unlike other solutions on the market, CMS is technology-agnostic and can aggregate and standardize data from multiple telematics systems, delivering comparable and consistent information instantly via easy-to-use dashboards or raw data feeds. This provides underwriters with the real-time, accurate intelligence data they need to manage risk, build commercial pricing models and more profitable services.
At the same time, CMS’s crash filtering software is automatically applied to all data streams, minimizing false alerts and data noise and providing insurers’ claims functions with a reliable, real-time crash alert capability.
Supplied as a Software as a Service (SaaS), the CMS solution can be integrated and deployed in weeks. All data is secure and compliant, is processed and hosted in the country of origin and in conformance with GDPR.