Verra Mobility partners with Xtract to offer incident management solutions to vehicle fleet customers

Verra Mobility's toll, violation, and ownership and registration customers can leverage Xtract's platform and connected vehicle data to detect and analyze collisions in near real-time.

MESA, Arizona., 20 August 2024 /PRNewswire/ — Verra Mobility Corporation (NASDAQ: VRRM), a leading provider of intelligent mobility technology solutions, today announced a partnership with Xtract, a global leader in digital First Notice of Loss (FNOL) and near real-time vehicle collision reconstruction for automated incident management. Through this partnership, Verra Mobility offers its fleet customers the ability to improve the speed and accuracy of claims resolution by automatically aggregating connected vehicle data and analyzing trips in near real-time to better detect and manage collision events.

“Incident management is a time-consuming, manual and tedious process for fleet owners and fleet management companies,” said Steve LallaExecutive Vice President of Verra Mobility's Commercial Services division. “Xtract's innovative approach to simplifying and automating incident management perfectly complements our fleet solutions offering. Verra Mobility believes that the data generated by connected vehicles will enable increasingly efficient solutions that benefit fleet operators. Incident reconstruction is a key use case for how data can be used to save fleets time and money.”

Xtract's digital reporting process replaces paper accident forms and enables the capture of standardized incident data by leveraging vehicle telematics and AI to reduce the time and cost of claims processing. Through the Xtract platform, fleet managers receive instant notification when a collision occurs involving one of their vehicles, allowing them to proactively manage the incident and reduce risk.

“A fleet of any size requires immediate incident reporting, incident reconstruction and a rapid response plan,” said Tim McCarthyEVP of Business Development at Xtract. “We developed Xtract's AI-powered platform to recognize and interpret telematics data, making the entire process from reporting to insurance claim processing stress-free. We are excited to partner with Verra Mobility to reduce operating costs and mitigate risk for fleet customers. Together, we are making fleet managers' lives easier and more profitable.”

Verra Mobility provides solutions for commercial fleet vehicles, including toll payment management, violation management, and title and registration services. Its fleet management services are used by large fleet owners, operators and managers to conveniently and automatically pay over 300 million toll transactions and violation fees annually for more than seven million vehicles worldwide.

For more information about Verra Mobility’s fleet offerings, visit: www.verramility.com/commercial.

About Verra Mobility

Verra Mobility Corporation (NASDAQ: VRRM) is a leading provider of intelligent mobility technology solutions that make transportation safer, smarter and more connected. The company is at the center of the mobility ecosystem, bringing vehicles, hardware, software, data and people together to enable safe, efficient solutions for customers worldwide. Verra Mobility's transportation safety systems and parking management solutions protect lives, improve urban and highway mobility and support healthier communities. The company also solves complex payment, usage and compliance challenges for fleet owners and car rental companies. Headquartered in ArizonaVerra Mobility operates in North America, Europe, Asia And AustraliaFor more information, visit www.verramility.com.

About Xtract

Xtract is trusted by some of the world's largest insurers and fleets to provide a digital solution for First Notice of Loss (FNOL) and accident reconstruction by bringing together multiple data sources including telematics, weather, maps, videos, repair estimates, etc. to improve the speed and accuracy of claims processing. Claims adjusters can identify and analyze incidents in near real-time by leveraging telematics data to resolve claims and improve risk exposure. For more information, visit

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