The application process is time consuming. Many applicants do not have the necessary information, like vehicle identification numbers (VINs), at their fingertips. Gathering and entering this data accurately means less time is spent on the real issue – understanding the needs of the customer. As a result, too many calls and on-line auto quotes are abandoned without business being completed. And quotes that are completed may have errors, requiring costly rework and reduced customer satisfaction.
Perhaps more important, errors that are not caught, including undisclosed drivers and incorrect addresses, end up costing insurers in the U.S. an estimated $16.2 billion in lost premium revenues annually.*
With Prefill Plus – a powerful new solution from Acxiom and ISO – you’ll have the data you need now and a streamlined process that increases premium and the number of quotes that convert to active policies.
It’s all about making the quote process quick, easy and more profitable. For accurate and timely quotes that will energize your sales process, look no further than Prefill Plus.
Key benefits for you:
Quality Planning Corporation Annual Premium Rating Error report. The report can be found online here.
Industry statistics reveal that a staggering 35% of auto insurance policies are written with undisclosed drivers. Whether the omissions are willful or intentional, the effect is the same: bottom line deterioration – by as much as 10%.
Find undisclosed drivers before they file a claim — and increase your premiums at the same time.
Explore Acxiom’s solutions for underwriting with the resources below, or speak with an Acxiom representative:
As featured in a recent issue of the Automotive Insurance Report, the real power of prefill tools comes from the application of analytics.
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Acxiom transforms data into intelligence for 8 of the top 10 property and casualty insurance companies.
Learn how Acxiom helped the Insurance.com IT department provide accurate, reliable data for the company’s customer applications.
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