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Capture everything, there is value even in the lies!

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28 March 2013

Comments

  • We work with insurers and police forces and get increasingly frustrated with the poor quality of data that is captured.

    As an example, it appears that catalytic converter theft is reported as 'theft from a motor vehicle'. Was it a laptop, a coat, a radio? We would like to see catalytic converters added in for data capture. Catalytic converter theft is costing insurers and fleets £millions! We believe if insurers actually drilled down and saw how much they are paying out for repairs on these claims, they will sit up and embrace our solution to mitigate against these very costly thefts. In other words, if you took 6,000 claims with an average cost of repair at £2500, there is a very hefty bill to the insurer of £15M! Imagine if they realised they were wasting this much every year, and it could have been prevented....

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