60% of total loss candidates are handled by towers. Insurers lack access to structured data about those claims.
As a consequence, first notice of loss starts with partial, delayed, and unstructured data. This has downstream effects on cycle times, accuracy of valuations, and ultimately how much insurers are able to recover.
Towers are mission critical in the claims process, but communication and data transfer between insurers and towing companies is an unstructured and manual process. With PRZM, insurers capture real-time vehicle and incident data at the moment of tow--accelerating cycle times.
Like a customer data platform sits between first-party data and downstream tools, PRZM is the layer between tower collected information and the processes insurers rely on that data to complete.
PRZM is not just another inspection tool. We deliver AI-ready vehicle data and imaging, exact locations, and timestamps that insurers can trust and act on immediately. This turns a drawn out, adjuster-driven process into a tech-driven one that gives insurers real time visibility.