Between 70 to 75 percent of drivers in a book of business are clean. While that’s good news for insurance carriers, a great deal of manual work still goes into identifying drivers who pose the most risk. Underwriters must go through the time-consuming and antiquated process of sifting through stacks of predominately clean motor vehicle records (MVRs) in order to find those risky drivers. We’re here to change that.
Our powerful Volta platform automates the underwriting process by quickly identifying those who requires further examination. Underwriters can then dive deeper to assess and accurately price each individual’s risk or deny them a quote all together.
Your company can harness the power of automation and data intelligence throughout the underwriting process.
Identify risky drivers and produce quotes in record time by eliminating the manual work that goes into researching prospective customers. Not only will you able to provide quotes faster, you can increase the overall volume of quotes produced with the same team you have in place today.
With proper insight into a prospective customer’s driving history, you’re equipped to identify the right types of risk and provide far more accurate quotes. Gain advantage through your nimbleness, ensuring price shoppers receive your quote long before your competition.
Reduce underwriting expenses by eliminating your reliance on MVR pulls while slashing the man hours required to produce each quote. Efficiencies gained help lower overall operating expenses and have a long term impact on combined ratios.
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