Xtract360 operates in the auto insurance and fleet management market, providing advanced solutions for reporting and managing auto claims. The company leverages connected car data and telematics to streamline the claims process, making it more efficient and accurate. Xtract360's suite of solutions is tailored for commercial fleets, brokers, and auto insurance carriers. By integrating Lytx video and other data sources, fleet managers can gain immediate insights from accidents, enabling quick and accurate incident resolution, thereby reducing overall liability. The digital capture of accident details and telematics-driven accident reconstruction also benefit insurance carriers by enhancing underwriting efficiency and effectiveness. Xtract360's business model revolves around offering these advanced analytics and reporting tools as a service, generating revenue through subscriptions and partnerships with major industry players like AXA Ireland and Geotab. The company aims to reduce the burden of escalating insurance costs on fleets by providing innovative, data-driven solutions.

Keywords: auto claims, connected car data, telematics, fleet management, accident reconstruction, insurance carriers, underwriting, Lytx video, Geotab, AXA Ireland.