InsureVision has licensed its VisionScore technology to Waylens in a deal covering 150,000 fleet cameras in North America.
Waylens will deploy the software through the cloud across its existing installed base, allowing fleet customers to use video-based crash confirmation, severity estimation and first notice of loss tools without installing new hardware.
The agreement gives Waylens access to a system that reads dashcam footage directly instead of relying on accelerometer signals such as high G-force readings, sudden deceleration or abrupt stops. That approach is designed to identify low-speed incidents that can still lead to costly claims but are often missed by threshold-based systems.
Under the arrangement, VisionScore is being embedded as a native feature across the Waylens platform. Customers can enable the service on a per-camera basis.
The system can confirm a crash and issue a first notice of loss notification within minutes of an incident. It also generates a crash severity estimate and driver risk score from video footage.
The tie-up comes as commercial motor insurance remains under pressure. Commercial auto insurance has lost money in 13 of the past 14 years, while nine of the 10 largest US carriers reported underwriting losses in 2024, according to InsureVision.
Claims costs have also been driven by so-called nuclear verdicts in liability cases. InsureVision said such verdicts average USD $110 million per case, adding pressure on insurers and fleet operators to identify incidents earlier and investigate them more quickly.
Why it matters
For insurers, the timing of first notice of loss can directly affect claims handling costs. Earlier notice can help carriers begin investigations sooner, preserve evidence and shorten the period in which liability may grow before a claim is formally opened.
For fleet operators, the software is intended to turn recorded footage into a decision tool rather than a passive archive. That matters in markets where vehicles already carry cameras but operators still depend on blunt motion triggers to determine whether an incident has occurred.
Mark Miller, chief executive officer of InsureVision, said fleets and insurers are increasingly questioning the practical value of the data generated by current dashcam systems.
"Fleets and insurers are starting to ask their fleet customers harder questions about what their dashcam data is actually delivering, and the honest answer, for most of them, is not much. The accelerometer threshold is the crux of the problem. Set sensitivity high and you generate thousands of clips that tell you nothing. Set it low and you go blind to low-speed, high-consequence incidents. It looks like a process problem, but it's just the wrong technology. The dashcam providers that bring genuine risk intelligence to their platforms will own the next generation of this market. Waylens understood that, which is why it moved first," Miller said.
Waylens said insurers and fleets have long sought a clearer way to turn camera footage into operational decisions. It described the licensing deal as a step beyond conventional video telematics, which often captures footage without providing a rapid assessment of whether a crash occurred and how serious it was.
"The question we've been hearing from insurance carriers and fleet operators for years is how to turn footage into decisions. That's a problem the industry has had challenges solving with existing technology. Waylens advanced edge detection coupled with VisionScore brings a new dimension to what's possible. For the first time, we can tell an insurer there was a crash, here is the severity, here is the footage, all within five minutes of impact. That's a fundamentally different product than anything running on a dashcam platform today. Our customers now have access to the most accurate crash detection service in the commercial fleet market," Jon Verhaeghe, president of Waylens, said.
Market backdrop
The partnership reflects a broader push in commercial motor insurance to make better use of existing data sources. Dashcams are already common in fleet operations, but many systems still rely on event triggers based on vehicle motion rather than analysing the video itself.
InsureVision said its technology has undergone an independent review by Dr Neale Kinnear, former head of behavioural insights at Aon, and Dr Johnathon Ehsani, associate professor at Johns Hopkins University. It also said the approach delivered a threefold improvement over traditional predictive detection for at-fault claims.
Founded in 2022, InsureVision uses video analysis to assess driver risk and support underwriting and claims processes. Waylens, which emerged from the MIT Media Lab, develops AI video telematics products for fleet safety and transport technology markets.
The licensing deal gives Waylens a way to roll out the new functions quickly across its North American customer base because the product is delivered through the cloud rather than through replacement cameras or on-site installations.
Every Waylens fleet customer in that installed base is set to receive access to VisionScore through the update, extending video-based crash confirmation and severity validation across one of the larger camera footprints in the regional fleet telematics market.