LoJack Italia, a wholly owned subsidiary of CalAmp and a leader in stolen vehicle recovery and innovative automotive services, has announced its LoJack Connect™ telematics solutions are now available to short and long-term car rental agencies and insurance providers in Europe. The Software-as-a-Service (SaaS) fleet management solutions open up new opportunities to increase operational efficiencies, generate new revenue and mitigate fraud.
According to Berg Insight, the annual growth rate of fleet management in Europe is predicted at 16.4 percent, with an anticipated doubling of overall penetration by 2021. According to Deloitte’s European Motor Insurance Study, the market share for digitally-enabled motor insurance issued could reach 17 percent by 2020, representing a market in excess of 15 billion Euros. LoJack Connect is designed to meet this demand and transform auto fleet management with its modular, customised services that address the specific business operational needs of the car rental and insurance markets.
LoJack Connect web-enabled services leverage the CalAmp Telematics Cloud and device portfolio to allow car rental companies to track mileage for preventative maintenance and utilise geofencing techniques for faster check out. Automated vehicle location features enable real-time pricing and optimised fleet distribution management. LoJack Connect featuring CrashBoxx™ instant crash alerts, predictive physical damage and accident reconstruction proactively informs fleet managers, prevents fraud and accelerates emergency response and vehicle repair.
“With insurance mandates for European drivers and rising auto fraud, fleet managers are searching for new ways to reduce costs, streamline operations and enhance the customer experience,” said Maurizio Iperti, general manager for LoJack Italia. “By combining vehicle diagnostics and location information with data analytics, our customised fleet management solutions enable car rental and insurance agencies to differentiate their services and enhance their competitive position. We are excited at the initial results from our LoJack Connect service trials with several industry leaders in the rental car, long-term rental and insurance industries, and we look forward to announcing the results in the coming months.”
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