Did the cops show up? Or did you just call them? If the cops showed up, then they will be making a report and putting blame.
Insurance companies will figure it out. It may take a few days though if the other driver is saying you were speeding. Although with them making a U turn in front of you, they may deem it to be a open and shut case. Especially since your airbags didn't deploy. Which might be a good thing, considering all the bad things that might happen if one blows up.
I know when I was a witness to an accident, it took them a good week+ to contact me. And by the time I called them back, they settled it since someone in their car coroborated that they were in the wrong.
Guess this is the main reason so many in Russia have dash cams.