Precise, insightful and quick crash detection improves these four main KPIs:
1) Reduce the overall claim damage.
2) Greater and earlier insight of repair costs.
3) Increase process efficiencies of claims.
4) Shorten time for ambulance to arrive at the accident.
Teraki is instrumental in improving above KPI’s. Data transmitted from the car enable cloud or edge algorithms to determine if there has been a crash. Teraki enables these cloud and edge algorithms to work with more signals and with higher frequencies. This results in 30% more reliable crash detection (i.e. less ‘false positives’). With more data, the reconstruction of crashes becomes better what leads to reducing claim volume and increasing efficiencies in processing claims.
Finally, data will be transmitted quicker, reducing the time for an ambulance to arrive which reduces medical care and costs or save lives.