So, why is it important to detect crashes in the lower speed bands anyway? After all, you’d think there isn’t much damage or injuries incurred at those speeds. But you’d be wrong about the damage.
Today’s vehicles are loaded with sensors and wrapped in molded panels not easily replaced. These developments have sky-rocketed the cost of repairs, making even medium-speed crashes a target for totaling, identifying them as a complete loss.
If your organization participates, or wants to participate, in post-collision economics, the lower speed bands are in essence a new market for you, especially when combined with a mobile-based detection technology that offers First Notice of Loss (FNOL) that is automatic and on-scene.
Here are benefits of low-speed detections to a few specific industries:
Insurance Companies and Claims Automation
This is also vital to any insurance company looking to develop claims automation. FNOL is still a major hindrance to effective automation. Most insurers are still waiting for customers to call and initiate a claim before they can begin processing it. Automatic, on-scene FNOL initiates the process almost immediately, from the moment of impact. And with ultra low-speed detection, they’ll get a higher percentage of claims initiated immediately. As insurers know, a bad claims experience leads to high churn rates.
Automotive OEMS and Service Bays
With outreach programs, automotive OEMs outfitting their customers with a world-class, mobile-based crash detection technology can expect to see an increase of vehicles in their service bays from collisions that might not otherwise have been reported or serviced in authorized dealerships.
Fleet operators are facing challenges they haven’t faced at large scale before, one of them being the lack of qualified, dedicated drivers. This has led to an increase in minor collisions, fender benders, scratches along multiple panels, and many other small incidents that add up to big dollars at the repair shop, not to mention keeping your vehicles off the road during repairs, where they’re not generating revenue. Low-speed, automatic detections lets you know the moment that an incident occurs, so you can track the source of the incident and get issues addressed before they become larger issues.
Concierge and White Glove Services
Detecting low-speed collisions also provides significant opportunities for relevant companies to offer white-glove services and control the post-collision response and repair experience. This includes avoiding double towing fees, keeping the vehicle in-network, and getting it repaired at Direct Repair Shops (DRPs), while also controlling parts and costs.
Sfara is now able to reliably detect collisions down to 9 mph, while also achieving industry breakthrough performance with our ESP false positive suppression technology.
Embedded and aftermarket solutions who claim detections in these lower speeds, in our research, consistently generate a grossly unacceptable number of costly false positives.