Partnerships: Genasys Joins With Xtract on Car Claims Project

Genasys Technologies has entered a commercial agreement with Xtract, whereby Genasys Technologies clients will have access to Xtract’s state-of-the-art connected car incident monitoring and claims analytics platform. Xtract’s solution has been embedded within the Genasys Technologies platform.

Xtract captures generic crash data at FNOL and delivers actionable insights to claims handlers enabling swift liability decisions, fraud deflection and vehicle damage triage. Capturing multiple data sources and data points at FNOL from any telematics device as well as their manual self- serve solution, Xtract provides an animated reconstruction of a vehicle along its journey from pre-impact to post-impact. The reconstruction allows for all parties analysing the claim to swiftly assess what happened digitally, thus improving the whole claims experience for both customers and insurers.

This new partnership will allow Genasys to offer its motor clients out-of-the-box integration with Xtract’s crash data technology platform, enabling faster and more accurate claims handling.

Andre Symes, director at Genasys Technologies UK, says: “We looked at a number of different businesses here in the UK as well as further afield and it became clear pretty quickly that Xtract were way ahead of the rest.  They’re quite simply one of the most exciting InsurTech businesses that we have met over the past 18 months.

“Enabling claims handlers to visualise crash data and easily incorporate into their existing claims workflow will revolutionise how motor accident claims are managed and deliver significant benefits to not just insurers when it comes to indemnity spend, but also their customers when it comes to a smoother claims journey.  We’re confident that this new capability represents a massive value-add to our proposition to motor insurers and will have a positive impact by bringing best-of-breed connected car technologies to the motor insurance claims process.”

Michael Flanagan, CEO at Xtract, comments: “We are pleased to be partnered with Genasys to enable advanced connected car analytics to serve both its UK and South African markets. Together we will allow customers to quickly access the liability associated with incidents, shorten the claims cycle time, improve accuracy and fully leverage the rich connected car data that is now available.”


About alastair walker 11419 Articles
20 years experience as a journalist and magazine editor. I'm your contact for press releases, events, news and commercial opportunities at Insurance-Edge.Net

Be the first to comment

Leave a Reply Cancel reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.