Kudelski IoT announced a partnership with Assurant, Inc. Assurant will offer RecovR as part of its comprehensive Assurant Vehicle Care suite of vehicle protection products. Kudelski IoT has developed RecovR, an innovative two-in-one lot management and theft recovery solution, which boosts operational efficiency by minimizing inventory search time and providing data to optimize vehicle reconditioning steps. This empowers sales teams to efficiently locate vehicles, enhancing customer satisfaction and sales effectiveness, all while offering dealer customers state-of-the-art technology and an intuitive theft recovery solution.

This collaboration between Assurant and RecovR introduces additional revenue opportunities to Assurant's dealer customers selling RecovR while addressing the pressing need for theft recovery solutions given the rising vehicle theft rates in the United States. The National Insurance Crime Bureau (NICB) reported that over one million vehicles were stolen in 2022, a 7% increase over 2021. The RecovR solution, provided to dealerships at no upfront cost, delivers a secure and transformative digital solution for automotive dealers by improving inventory management and operational cost efficiency.

With its wireless, battery-operated design, the RecovR solution seamlessly combines cutting-edge communication and multiple positioning technologies. This enables automotive dealers to easily install RecovR and receive precise position information across a wide range of conditions. The RecovR platform offers the flexibility to integrate additional components, including vehicle OBDII health information and key location functionality.

These enhancements provide dealerships with valuable data, enabling process transformation and driving revenue growth across various areas, including key retrieval, parts, and service offerings.