Our Story
QuantivRisk is the brainchild of mobility expert Mike Nelson—a veteran in the insurance and legal fields. In early 2020 QuantivRisk began analyzing claims for an insurance client who is proactive about meeting the unique challenges presented by complex automated and autonomous technologies in the claims resolution process.
Recognizing the seismic shift connected cars will have on the resolution of automotive insurance claims, Mike became one of the first lawyers to gain access to Vehicle Performance Data (“VPD”)—a term Mike and his team coined to distinguish telematics or EDR data from the more robust and instructive data generated by connected vehicles during normal operation—directly from an OEM.
Today, QuantivRisk is positioned to advise a full spectrum of stakeholders by providing a new view of traffic collisions, demonstrating to the world the power of VPD.
About QuantivRisk
Advancements in technology have transformed how vehicles interpret the environment and navigate the road. The increasing levels of automation become more prevalent each year.
While tech-driven safety features are revolutionizing driving as we know it, the data supporting these systems has not transformed how accidents are analyzed, and insurance claims are made.
Until now.
QuantivRisk is the first company to evaluate accidents using next-gen technology and data science to provide the insurance industry, automakers, and all other interested parties with a data-backed view into the circumstances of the accident, all but eliminating subjectivity in claims resolution and liability determination.
The evolution of vehicle technology brings with it enormous potential for greater efficiency and objectivity in the analysis of vehicle collisions. QuantivRisk is ushering in much needed change by accelerating insurance claims innovation.™
Why QuantivRisk?
The Problem
Determining vehicle accident cause and fault is tedious, expensive, and error prone
U.S. insurers spend over $700B annually in paid claims and processing
The legal community, regulators, and law enforcement operate blindly without crash data
Our Solution
Modern vehicles capture data/video during a crash that inform cause and accountability
Vehicle accident data for fault determination can save U.S. insurers over $70B annually
The legal community, regulators, and law enforcement will gain needed insight
Our Team
Claims, crash data analytics, and liability experts with extensive industry experience
Built capability to acquire and interpret crash data to inform fault for insurers
Vision to address this industry problem, reducing costs and improving efficiency
The current approach to transportation risk management, mitigation, and transfer—involving law enforcement, insurance, and the civil and criminal justice systems—is antiquated. These systems have failed to keep pace with technology, continuing to rely largely on fallible and subjective eye-witness accounts to determine cause and liability in crash events. This creates inefficiencies and drives costs.
Our transportation risk management systems need to leverage advances in mobility and automotive technology, including advances in connectivity, automation, electrification, traffic management, and data storage. Presently, these advances are being made by market participants with little uniformity.
QuantivRisk can bring insight and order to this evolving landscape through its advisory services and its CRASHVIEW™ tool, which is designed to provide an “instant replay” of a vehicle collision using VPD. QuantivRisk and CRASHVIEW™ promise to eliminate the inaccuracies of manual investigations and bring speed, objectivity, efficiency, and billions of dollars in cost savings to those who need to know what really happened in a traffic accident.