The cost of insuring drivers has been increasing steadily over the last decade or so, with increasingly expensive crashes, higher verdicts, and more data to take into account when pricing policies. For you to keep your costs low and your revenues high you need to be able to quote and bind policies quickly and effectively.
With better data on your leads, you can increase underwriting efficiencies and quote-to-bind ratios, providing more accurate policies and a better customer experience.
Paying to pull a new MVR at quote, only to uncover higher risk activity such as speeding tickets, traffic violations, and DUIs is a necessary, but consequential step in accurately quoting any insurance policy.
Pre-screen drivers prior to making a costly MVR purchase for violation activity sourced from historic court appearances, archived MVRs, state database and activity files, and state motor vehicle departments.
The more accurately you can assess the risk posed by a potential customer, the better suited you are to offer them a fair quote and still covers your costs. Avoid pulling unnecessary MVRs and instead let us help you pre-screen for violation activity.
Make it easier to identify the people who you want to talk to.
Utilizing customizable smart triggers will allow you to filter your MVR orders and violation activity against your unique underwriting rules and rating guidelines, ensuring your leads are filtered to align with your desired book. Our advanced rules engine acts as a personal assistant, allowing you to align your decision to pull your MVR orders against your configurable set of values.
We are able to provide faster, more accurate quotes that can improve your quote-to-bind ratio by up to 30 percent.
“We’ve reduced our reliance on self-reporting. Being able to flag drivers before they tell us there’s an issue complements the mandatory self-reporting policy and makes safety much more efficient.”
– Shetikka R. Senior Risk & Safety Analyst
Increase of fatal crashes between 2009-2017 involving a large truck or bus.