2019.04.11
Insurance providers get instant access to dash cam footage to protect customers and insurers
LONDON, 11th April 2019 – MiTAC Digital Technology Corporation (MDT), owner of one of the UK’s largest dash cam brands, Mio, is pleased to announce its technology partnership with UK-headquartered InsurTech firm, Inzura to deliver a fully integrated telematics dash cam solution for the motor insurance industry. The solution will help provide real-time feedback to drivers through its Advanced Driver Assistance Systems (ADAS) to help reduce accidents, increase safety and improve claims processes. This technology will be available to purchase in Mio devices from today.
The global dash cam market has been estimated to be worth around $2.19 billion due to the evidence dash cams provide to easily identify the cause of an accident. Drivers can use the footage to prove their innocence and protect against fraudulent insurance claims. The Mio dash cam range has been helping keep drivers safe and protected on UK roads but now, with this improved technology, will also be able to advise on how to stay even safer.
In addition, this latest programme also ensures that insurance providers get access to accident video files within seconds, without any user intervention. This creates an instant First Notification of Loss (FNOL) - the initial report made to an insurance provider following an accident involving the insured customer. Removing the hassle of contacting insurers and explaining the incident from memory, instead the evidence is provided in real time and insurers can therefore resolve as speedily as possible. The Mio dash cams provide high quality footage, even at night or in dim light conditions, ensuring it can be used a crucial evidence in any investigation.
Steve Chang, President of MiTAC Digital Technology Corporation comments, “This is a significant breakthrough for our company and we are delighted to have this opportunity to work with Inzura and be the first to introduce this dash cam solution to the motor insurance industry. We want to make our drivers feel as safe and empowered on UK roads as possible and with the Mio dash cam they have the most reliable witness to establish fault and resolve in the most stress-free manner possible.”
Inzura Co-Founder and CEO Richard Jelbert comments, “Working with MDT is a hugely exciting opportunity as they are fully engaged with us to deliver innovative solutions into the global insurance market. Our app-based telematics solution can now seamlessly manage the Mio Dash Cam and video files without the need for a separate app. It is an industry first and good for customers and insurers.”
In addition to this breakthrough technology, Mio dash cams also have a Traceable Movements option meaning that they detect when a collision occurs and makes sure this footage is not overwritten. Also, the GPS tracks a vehicles location and speed so drivers know that vital information is safely stored for when it is needed. The GPS module is housed inside the unit so there are no external devices that need to be connected which is unlike any other dash cam brand on the market. The dash cam also includes speed alert and speed camera locations to help keep drivers informed and safe on the road.
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About MDT – www.mitac.com
Focusing on automotive electronics, IoT and cloud services industry, MDT is winning leading international design awards and praises from scores of media with brands of Mio, Magellan and Navman in consumer and specialty markets thanks to its comprehensive and advanced navigation system, automotive grade ODM design and manufacturing experiences, excellent R&D, integration and testing capabilities. Addressing increasing demands in safety, alarming, and monitoring due to technology development, MDT is providing cloud navigation system services based on cutting edge driver assistance design combined with dashboard recording and AI while accumulating differentiation capacity and ramping up enterprise value positioning by meeting professional vehicle device requirements with rugged tablets and becoming a key player in the connected car and automotive electronics industry ecosystem.
About Mio
Mio is a subsidiary of MiTAC Digital Technology Corporation and is a leading provider of in-car dash cam and cycling navigation systems. Centred on creating experiences that are “All About You,” it creates solutions for people, whether at home or work. Through the combination of thoughtful product designs, and innovations in hardware and software, Mio aims to be a household name in safety and wellness and enhance people’s lives with meaningful products.
About Inzura – www.inzura.com
Inzura is an InsurTech company that helps insurers and intermediaries quickly deploy advanced smartphone centric digital insurance products to maximise user engagement and company profits. Inzura supports a one-app multi-insurance-line approach to enhance existing insurance products, as well as a flexible on-demand engine for new insurance products and business models. The Inzura Digital Insurance Platform is a flexible product delivery engine and includes; white-label native apps for Android and iOS, operational infrastructure, app-based telematics / UBI, a digital media vault with photo recognition powered by advanced machine learning and AI.
Find out more about Mio by visiting the website: www.mio.com
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