LexisNexis® Commercial Auto Data Prefill · 2017-08-08 · LexisNexis® Commercial Auto Data...

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LexisNexis ® Commercial Auto Data Prefill is an interactive inquiry solution that speeds up the application process, helping to eliminate expensive errors and reduce resource costs while improving the ease of doing business and revenue generation. Take Full Advantage of LexisNexis Commercial Auto Data Prefill Expedite the application process by reducing keystrokes Optimize the customer experience by confirming instead of collecting data Decrease reliance on applicant-provided information to reduce premium leakage Streamline the application process Accelerate the application process, eliminate expensive errors and reduce resource costs. LexisNexis® Commercial Auto Data Prefill

Transcript of LexisNexis® Commercial Auto Data Prefill · 2017-08-08 · LexisNexis® Commercial Auto Data...

Page 1: LexisNexis® Commercial Auto Data Prefill · 2017-08-08 · LexisNexis® Commercial Auto Data Prefill is an interactive inquiry solution that speeds up the application process, helping

LexisNexis® Commercial Auto Data Prefill is an interactive inquiry solution that speeds up the application process, helping to eliminate expensive errors and reduce resource costs while improving the ease of doing business and revenue generation.

Take Full Advantage of LexisNexis Commercial Auto Data Prefill

Expedite the application process by reducing keystrokes

Optimize the customer experience by confirming instead of collecting data

Decrease reliance on applicant-provided information to reduce premium leakage

Streamline the application process

Accelerate the application process, eliminate expensive errors and reduce resource costs.

LexisNexis® Commercial Auto Data Prefill

Page 2: LexisNexis® Commercial Auto Data Prefill · 2017-08-08 · LexisNexis® Commercial Auto Data Prefill is an interactive inquiry solution that speeds up the application process, helping

Home-based businesses can present a unique challenge when writing commercial policies. Commercial Auto Data Prefill can return potential drivers associated with the inquiry address. Important information returned for these drivers includes: Date of Birth, Driver’s License Number, State, and Gender.

By ensuring all of the appropriate vehicles are accounted for, costly inaccuracies are quickly eliminated, speeding the application process and moving a prospective customer toward a bound policy faster.

Commercial Auto Application Vehicle Characteristics

DATA ELEMENTS ENTERED ON COMMERCIAL AUTO TRANSACTIONS

Business Name Business Address

DATA PREFILLED BY LEXISNEXIS COMMERCIAL AUTO DATA PREFILL Data elements prefilled with

Commercial Auto Data Prefill on 1-5 Registration Addresses.

VINYearMakeVehicle ModelBase PriceGross Vehicle WeightBranded IndicatorShipping Weight

Cubic Inch DisplacementRegistered OwnerRegistration DateSafety EquipmentEngine CylindersCountry of OriginTon Rating (Light Trucks Only)Wheels (count)Drive Wheel (count)

*Sample list of data elements returned by the LexisNexis solution

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Streamline your application process with minimal data inputThe process to quote and underwrite commercial auto policies can be resource-draining data entry. LexisNexis® Commercial Auto Data Prefill simplifies the process by delivering vehicle and driver information which can be verified to help reduce mis-keyed errors and improve premium accuracy. The minimum data you need to provide is the Business Name, or Business Owner Name, and Registration Address for the inquiry.

Commercial Auto Data Prefill searches on multiple business addresses and returns a list of vehicles per business location

Key vehicle characteristics include: • VIN number

• Year, make, model

• Gross vehicle weight

• Registered owner

• Vehicle type for each vehicle Carrier/Agent

Business Name Address

RESULTS

INQUIRY DRIVERS

VEHICLES

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Proven data assets deliver a positive customer experienceWith LexisNexis® Commercial Auto Data Prefill, you can conduct business with confidence by leveraging proven LexisNexis data assets to quickly obtain key applicant information. Returned data elements improve your workflow and help reduce operating costs while providing customers and agents with a positive experience that underscores the ease of doing business with your company. By eliminating the need for expensive and tedious manual data entry, you increase your focus on serving the customer and building your business.

An easier road to increased revenue Commercial Auto Data Prefill delivers the critical data elements for completing a correct application the first time. You also gain the advantage of additional customer data insight that can give your business a broader customer perspective and drive better underwriting decisions. Move from application to binding a policy without detours caused by incorrect or incomplete data. Leverage Commercial Auto Data Prefill to build a better customer application experience and speed revenue generation.

Commercial Auto Data Prefill Summary – Carrier Benefits

OPERATIONAL IMPROVEMENTS

ENHANCE THE EASE OF DOING BUSINESS

IMPROVE QUALITY AND REDUCE REWORK

NEW UNDERWRITING INSIGHTS

• Remove numerous keystrokes to enter the vehicle schedule

• Advantages are at the carrier and agent level • Make your agent portal your agent’s first choice

• Reduce typing errors which results in better quality and less rework due to VIN errors

• Uncover missed vehicles for additional premium opportunities• Beneficial when prefilling drivers and vehicles for business with multiple locations

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About LexisNexis Risk SolutionsAt LexisNexis Risk Solutions, we believe in the power of data and advanced analytics for better risk management. With over 40 years of expertise, we are the trusted data analytics provider for organizations seeking actionable insights to manage risks and improve results while upholding the highest standards for security and privacy. Headquartered in metro Atlanta USA, LexisNexis Risk Solutions serves customers in more than 100 countries and is part of RELX Group plc, a global provider of information and analytics for professional and business customers across industries. For more information, please visit www.lexisnexis.com/risk.

Commercial Auto Data Prefill is not provided by “consumer reporting agencies,” as that term is defined in the Fair Credit Reporting Act (15 U.S.C. § 1681, et seq.) (“FCRA”) and does not constitute “consumer reports,” as that term is defined in the FCRA. Accordingly, Commercial Auto Data Prefill may not be used in whole or in part as a factor in determining eligibility for credit, insurance, employment for any other eligibility purpose that would qualify it as a consumer report under the FCRA. Due to the nature of the origin of public record information, the public records and commercially available data sources used in reports may contain errors. Source data is sometimes reported or entered inaccurately, processed poorly or incorrectly, and is generally not free from defect. This product or service aggregates and reports data, as provided by the public records and commercially available data sources, and is not the source of the data, nor is it a comprehensive compilation of the data. Before relying on any data, it should be independently verified. LexisNexis and the Knowledge Burst logo are registered trademarks of RELX, Inc. Copyright © 2017 LexisNexis. NXR01705-1 0717

For more information, call 800.458.9197 or email [email protected]

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