ESTORIL, Portugal and
IRVINE, Calif., Dec. 5, 2017 /PRNewswire/ -- LoJack Italia, a
wholly owned subsidiary of CalAmp (Nasdaq: CAMP) and a leader in
stolen vehicle recovery and innovative automotive services,
announced today its LoJack Connect™ telematics solutions are now
available to short- and long-term car rental agencies and insurance
providers in Europe. The Software
as 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%, 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, customized 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 utilize
geofencing techniques for faster check out. Automated vehicle
location features enable real-time pricing and optimized 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 customized 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."
To learn more about LoJack Connect, visit the LoJack Italia
Booth #5 at Fleet Europe Summit 2017 Dec.
5-6 in Estoril, Portugal or
go to the LoJack Connect webpage.
About LoJack Italia
LoJack Italia, a wholly owned subsidiary of CalAmp (Nasdaq:
CAMP), has been the market leader over the past 30 years, helping
over 9 million people to protect their assets and vehicles from
theft. Today, together with CalAmp, it provides innovative
telematics solutions and services all over the world for a growing
range of businesses and consumers. LoJack has been active in
Italy for 10 years and is
undergoing a strong growth phase with more than 180,000
customers. LoJack Italia is creating a new level of value for
the automotive, insurance, and car rental markets and their
end-customers, through innovative solutions that are easily
accessible. For more information, visit lojack.it
About CalAmp
CalAmp (Nasdaq: CAMP) is a telematics pioneer leading
transformation in a global connected economy. We help reinvent
businesses and improve lives around the globe with technology
solutions that streamline complex IoT deployments and bring
intelligence to the edge. Our software applications, scalable cloud
services, and intelligent devices collect and assess
business-critical data from mobile assets, cargo, companies, cities
and people. We call this The New How, powering autonomous
IoT interaction, facilitating efficient decision making, optimizing
resource utilization, and improving road safety. CalAmp is
headquartered in Irvine,
California and has been publicly traded since 1983. LoJack
is a wholly owned subsidiary of CalAmp. For more information, visit
calamp.com, or LinkedIn, Twitter, YouTube or CalAmp Blog.
CalAmp, LoJack and the CalAmp and LoJack logos are among the
trademarks of CalAmp LoJack and/or their affiliates in the United States, certain other countries,
and/or the EU. Any other trademarks or trade names mentioned are
the property of their respective owners.
View original content with
multimedia:http://www.prnewswire.com/news-releases/lojack-italia-looks-to-transform-auto-fleet-management-and-insurance-in-europe-300566144.html
SOURCE LoJack Italia