LONDON and IRVINE, Calif.,
Nov. 23, 2020 /PRNewswire/ -- CalAmp
(Nasdaq: CAMP), a global technology solutions pioneer transforming
the mobile connected economy, today announced its subsidiary,
Tracker, has joined forces with Grove & Dean, one of the UK's
leading independent chartered insurance brokers and Performance
Direct, the general insurance division of Grove & Dean. The
collaboration will see the launch of a series of initiatives
designed to safeguard assets, reduce insurance premiums and protect
loss ratios. The partnership launches with the introduction
of Tracker's pioneering stolen vehicle recovery (SVR) solutions as
an added-value offering to broker customers.
"Grove & Dean is a family-run business, established 50 years
ago, and we have always aspired to combine the finest customer
experience with policies that provide complete peace of mind,"
explains Matthew Collett, marketing
director of Grove & Dean.
"With car thefts escalating by 52% in the past six years, it
became increasingly clear that we needed to introduce new, ethical
and robust solutions that protect drivers and their vehicles,"
Collett added. "Our partnership with Tracker achieves that
mission whilst delivering a competitive edge for our
underwriters. Tracker's stolen vehicle recovery rate of 95%
significantly reduces the risk and cost of potential theft,
allowing us to offer lower premiums and increase protection."
Critically, Tracker's solutions embrace market-leading theft
recovery protocols, including a 24/7/365 emergency contact centre
to handle all missing vehicles combined with a working relationship
with all UK police forces and close collaboration with pan-European
law enforcement agencies. These relationships deliver significant
benefits including the rapid recovery of a vehicle before it can be
exported, dismantled for parts or given a new vehicle
identification number (VIN) and re-sold.
"Our partnership with Grove & Dean will enable even
more stolen vehicles returned safely to their owners. With a
Tracker solution installed, the need for insurance providers to pay
recovery costs or settle costly claims will be greatly reduced,"
commented Mark Rose, managing
director of Tracker. "Owners will also be protected from the costs
incurred due to a vehicle theft, including their excess liability
insurance, loss of no-claims discount and potentially higher
premiums in the future. Whilst there is no way to guarantee that a
vehicle will never be stolen, installing a Tracker solution will
vastly improve the chances of returning a vehicle to its
owner."
About Grove & Dean
Formed in 1974 and based in
Romford, Essex, Grove & Dean is a leading
independent insurance broker. Grove & Dean's various insurance
brands cater for a broad range of specialist motoring markets with
a particular emphasis on prestige, performance, motorhome,
commercial vehicle, non-standard and classic vehicles. By adopting
the best new technologies and systems and offering exceptional
service and value to our customers, Grove & Dean combines the
best of the new, with traditional service ethics. For more
information visit: https://www.grove-dean-insurance.co.uk
About Tracker
Tracker, a wholly owned subsidiary of
CalAmp, has been leading the way in the field of vehicle tracking
and telematics since 1993. With over a million market-leading
security and award winning fleet management systems fitted to
vehicles including passenger cars, motorcycles, HGVs, LCVs and
plant and construction equipment, Tracker is still leading the way.
Tracker, together with the police has to date recovered over £550
million worth of stolen vehicles and continues to recover on
average £1 million worth of stolen vehicles each month. With over a
million systems installed to date, its award-winning products
ensure its customers have complete peace of mind. For more
information, visit www.tracker.co.uk or follow us on
http://twitter.com/tracker_UK
About CalAmp
CalAmp (Nasdaq: CAMP) is a global
technology solutions pioneer transforming the mobile connected
economy. We help reinvent business and improve lives around the
globe with technology solutions that streamline complex mobile IoT
deployments and bring intelligence to the edge. Our software and
subscription-based services, scalable cloud platform
and intelligent devices collect and assess business-critical
data from mobile assets and their contents. We call
this The New How, facilitating efficient decision
making, optimizing mobile asset utilization and improving road
safety. Headquartered in Irvine,
California, CalAmp has been publicly traded since 1983 and
has 20 million products installed and over 1.3 million software and
services subscribers
worldwide. LoJack®, Tracker™ and Here
Comes The Bus® are CalAmp brands. For more
information, visit calamp.com,
or LinkedIn, Facebook, Twitter, YouTube or CalAmp
Blog.
CalAmp, LoJack, Tracker, Here Comes The Bus and associated
logos are among the trademarks of CalAmp and/or its 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.
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SOURCE CalAmp