The SmartWitness partner company took top spot in the category for insurer claims initiative of the year.
Chelmsford-based DCL is an insurance underwriter specialising in commercial motor for the UK and Ireland. The awards entry identified two problems for insurers that the Camatics product resolves, and it highlighted figures of actual claim cost savings achieved with automated accident notification.
Camatics is an in-vehicle camera and telematics system recording any potential or actual incident, and providing immediate notification to the insurer and policyholder.
Instant remote access to on-board CCTV and telematics gives insurers the information needed to deal with claims proactively. This, in turn, reduces claim costs by combating fraud.
DCL says its Camatics users saw a combined 28% reduction in claim frequency and 20% reduction in average claim cost, resulting in an average performance improvement of 42%.
Paul Singh, CEO of SmartWitness, says: “DCL were one of the first motor insurers to use SmartWitness 3G FNOL cameras and as a result have made substantial savings on claims costs.
“It is their foresight and forward thinking in adopting this technology that has seen them win such a major award.”