Utilize alternative MVR data to underwrite more effectively, reduce overall costs and better understand mortality your customers present.
Motor vehicle record (MVR) data plays an important role in determining the mortality rate of applicants, as having as little as one major violation severely increases the likelihood of death.
However, many life carriers only utilize MVRs for a small subset of applicants due to the time and cost required to pull them.
SambaSafety’s comprehensive Volta platform enables life carriers to access critical MVR data that helps determine and price lifestyle and mortality risk with ease. This affordable solution ensures you’re able to utilize MVR data for every applicant, while streamlining the entire applicant approval process.
Pulling MVRs on all applicants is an unrealistic, costly process. Using triggers, life carriers can identify which high-risk violations impact mortality rate, flagging only applicants with those violations on their record. This makes it cost-effective and easy to utilize MVR data for every single applicant.
Utilizing Volta’s streamlined digital processes, life carriers have immediate access to critical data sources, allowing for identification of high-risk applicants in record time. By speeding up the applicant approval process, carriers are able to provide an unmatched level of customer service that will help them win business.
Reduce your overall MVR spend and never again pull clean applicant MVRs through use the of configurable triggers. Reduce hours spent on your underwriting process thanks to Volta’s convenient automation capabilities and direct API integrations with top policy management software providers including Guidewire and Duck Creek.
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.
Senior Risk and Safety Analyst
To learn more about SambaSafety’s comprehensive Volta platform, explore our features page.
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