Lytx – September 7th, 2021 - Lytx, a leading provider of machine vision and artificial intelligence-powered video telematics, analytics, safety, and productivity solutions for commercial fleets, today announced a technology partnership with Xtract, a global leader and pioneer of digital First Notice ofLoss (eFNOL) and real-time accident reconstruction. Lytx video can now be seamlessly added to the Xtract portal and deployed in minutes. Fleet managers can derive immediate insights from an accident in order to resolve the incident efficiently and accurately thereby lowering the overall liability with these events.
Xtract enables digital capture of accident details with a full telematics-driven accident reconstruction. By aggregating telematics data and video with other relevant data such as driver notes, images, weather, map, speed, vehicle details and police reports, Xtract’s platform provides an accurate and rapid assessment of the incident, delivering lower operational expenses and reduced liability exposure. These benefits extend beyond the fleet to the insurance carrier as well, enabling more efficient and effective underwriting.
"Escalating insurance costs place a big burden on fleets. Xtract’s telematics enabled analytics allow Fleets to better manage the risks and liability associated with accidents.” said Tim McCarthy, EVP of Business Development at Xtract. “We are excited to partner with Lytx to seamlessly integrate video telematics within the Xtract platform to resolve claims for customers globally.”
“We are thrilled to welcome Xtract to the Lytx Integration Network, which connects best-in-class providers with fleets to provide seamless solutions,”said Frank Schneider, Director of StrategicPartnerships and Integrations. “Xtract’s digital accident reporting, and real-time accident reconstruction solution fully leverages Lytx’s advanced video telematics capabilities, including our machine vision and artificial intelligence technology, or MV+AI.”
To learn more about Xtract and the Lytx IntegrationNetwork, visit https://www.lytx.com/en-us/lytx-integration-network/xtract
Xtract is a global industry leader, revolutionizing the claims process with accident reconstruction. Xtract’s digital First Notice ofLoss (eFNOL) and real-time accident reconstruction solutions improve claims processing speed and accuracy. Risk managers and Claims handlers can identify and analyze incidents immediately to resolve claims and efficiently manage their liability exposure. For more information visit www.xtract360.com and LinkedIn.
Lytx is a leading provider of machine vision and artificial intelligence-powered video telematics, analytics, safety, and productivity solutions for commercial, public sector, and field service fleets. Our solutions harness the power of video to empower drivers and fleets to be safer and more efficient, productive and profitable so they can thrive in today’s competitive environment. Our customizable services and programs span driver safety, risk detection, fleet tracking, compliance, and fuel management. Using the world’s largest driving database of its kind, along with proprietary machine vision and artificial intelligence technology, we help protect and connect thousands of fleets and more than 1.3 million drivers worldwide. For more information on Lytx video telematics systems, visit www.lytx.com, @lytx on Twitter, LinkedIn, our Facebook page or our YouTube channel.