Advanced Auto Rating Ontario final - Compu-Quotecdn.compu-quote.com/ClientFiles/Advance Auto Rating...
Transcript of Advanced Auto Rating Ontario final - Compu-Quotecdn.compu-quote.com/ClientFiles/Advance Auto Rating...
Advanced Auto Rating
Table of Contents
Client Screen 1
Quote Information Screen 2
Private Passenger 3
Coverages 5
Optional Accident Benefits 6
Driver(s) 7
Claims/Convictions/Suspensions & Lapses 8
Assignment Screen 9
Miscellaneous Vehicles 10
Motorcycles 11
Motorcycle License & History 12
Carrier Selection 12
Premium Adjustments 13
Summary & Quote 14
Application/Liability Slips 15
Defect Reporting/Client Memos & Quote Notes 16
Upload to Insurer Portals 17
Individually Rated Commercial Automobiles 18
Contact Information 19
– 1 –
Client Screen
Client Memos and Quotes Notes can be
added at any point and used as:
• Reminders
• Differentiate between quotes
• Share info with co-workers
• Upload info to insurance companies
Use the Copy button
to provide clients with
multiple scenarios.
– 2 –
Quote Information Screen
The correct effective date is
essential. The following are
affected by this date:
• Renewal and New
Business rates
• Birthdates of drivers
• Dates of accidents
and/or convictions
A Policy Type and a Carrier must
be completed to generate a
Multi-line discount.
Individually Rated
Commercially Auto and
Miscellaneous Vehicles
are also available in
Compu-Quote Rating
Services through
AutoRater.
– 3 –
Private Passenger
– 4 –
Private Passenger
A Postal Code can generate
one or more cities, which
reflects on the territory. By
amending the Postal Code,
the garaged location of the
vehicle can be amended.
By Selecting Pleasure as primary use and entering the correct information in Distance
Driven, various driving classes can be generated.
If Business is selected, Class 07 is generated. Distance Driven information should be
entered in all cases.
If a Multi-Vehicle discount is required when quoting a
single vehicle, select the Single Vehicle MVD box.
– 5 –
Coverages
______________________
To set a Coverage Group:
1. Select the desired coverages
2. Under Coverage Groups, select Save As ...
3. Name the coverage group
Note: Several Coverage Groups can be set. Coverage
Groups can be added, renamed and deleted. An individual default
can be set per user.
– 6 –
Optional Accident Benefits
Optional Increased Accident Benefits
Coverages can be accessed through:
• Coverages (Private passenger)
• SABS (Quote Summary Screen)
– 7 –
Driver(s)
Occupations that may affect
premiums are:
• Clergy
• Farmer
• Retired
• Student (away at school)
Graduated licensing history or
other licensing can be entered
under License Detail.
– 8 –
Claims/Convictions/Suspensions & Lapses
Select the vehicle (or vehicle
substitution) involved in the claim.
Dates of claims,
convictions,
suspensions and
lapses recognize the
effective date of the
policy.
If a driver has had a
suspended licence, it is
important that all
convictions and lapses
associated with the
suspension be entered
as well.
– 9 –
Assignment Screen
The occasional driver should be assigned to the vehicle that has the highest rating group.
Driver(s) listed in the “Available Drivers” box has to be
assigned as Principal, Occasional or Excluded driver.
– 10 –
Miscellaneous Vehicles
If Miscellaneous is selected as the Type of policy
on the Quote Information screen, it will launch
directly into the miscellaneous vehicles tab.
Select the Year and Make to access a list
of available models (shown in white).
– 11 –
Motorcycles
The wand can provide
further information
based on the car code.
• Body Style/Class
• Engine (cc)
• List Price New
Most companies require the
following to obtain a quote:
• List Price New
• Purchase Price
• Purchase Date
• Purchase Condition
• Km at purchase
Some companies require additional anti-theft
devices to insure certain risks. After-market
anti-theft devices should be selected.
– 12 –
Motorcycles License & History
Carrier Selection
Class M license and motorcycle
insurance history is entered on
a separate screen from the
other classes of license.
Miscellaneous Vehicle Group
Plans can be entered from the
drop down menus.
Carrier selection can be made per
quote and carrier groups can be set.
– 13 –
Premium Adjustments
The wrench on the Underwriting
Screens allows you to define
premium adjustments.
Watch for messages advising to apply further
discounts using the wrench.
Once applied, a notation appears under
Messages and the affected rates are shown in
red.
Note: The premium adjustment is set by carrier,
for example Aviva. When using the wrench to
apply discounts/surcharges, they are saved for
that particular quote with the selected carrier.
Therefore the applied discounts/surcharges for
the selected carrier remain if you re-quote or
copy the existing quote.
The wrench on the Carrier Detail
Screen allows you to apply them.
– 14 –
Summary & Quote
Pro Rata/Short Rate Calculator
The quote can be saved in HTML
and attached to an email.
– 15 –
Application
Liability Slips
Applications can be printed directly
from Compu-Quote. Complete all fields
in Compu-Quote prior to opening the
application (eg. Driver’s License/VIN).
– 16 –
Defect Reporting
Client Memos & Quote Notes
Selecting OK will submit
your request to Compu-
Quote for review.
Record the tracking
number for future
reference.
Defect Reporting can be used to report an
error in rating directly to Compu-Quote’s
support department for review. Complete
all required fields, including a description.
Memos and notes can be
included in the Carrier Upload
by checking the Include in
Carrier Upload box.
– 17 –
Upload to Insurer Portals
Select the desired insurer from the Quote Summary
to have access to the Company Integration Icon,
click on the Icon and the system will prompt you to
enter your user name & password.
This functionality is currently available with Aviva, Aviva Traders,
INTACT, Novex, North Waterloo Farm Mutual, Peel Mutual,
Royal & Sun Alliance, Scottish & York, Western Assurance, and
York Fire.
If you are interested in this free functionality please contact your
Compu-Quote Sales Representative for more information.
– 18 –
Individually Rated Commercial Automobiles
(IRCA)
Please visit www.compu-quote.com/IRCA/ENG to
view our IRCA training video.
Individually Rated Commercial Automobiles (IRCA) is available in
Compu-Quote Rating Services through AutoRater.
The IRCA Quoting Application is an easy to use web-based module
embedded in AutoRater, which is designed to provide full underwriting
and simultaneous, comparative quoting for multiple IRCA rate plans.
– 19 –
Contact Information
For more information regarding Compu-Quote Rating Services or any of
Compu-Quote’s other products or services, contact your account
representative at 1-800-265-0808.
For technical or underwriting support, contact our support line at
1-800-265-0808 Monday through Friday from 8:30 AM to 7 PM EST or by
email at [email protected].
Would you or your employees or coworkers benefit from this course?
We offer in-house, online, webinar and seminar training. For event
schedules and information go to www.compu-quote.com and select Events.
www.compu-quote.com