ISO has announced the release of an integrated automobile and property prefill solution. QuickFill delivers any combination of ISO’s 34 automobile and property databases to insurance carriers at the point of quote.
Data elements include prior claims and coverage information, registered vehicles, location-specific property characteristics, estimated replacement-cost evaluations, hazard data, and drivers in the household. QuickFill data is available for personal lines automobile and property as well as commercial property.
QuickFill lets carriers and their agents acquire more underwriting information at the front end of the quote process, which increases both speed of application and pricing accuracy. Capturing and storing accurate property information at the beginning of the policy life cycle also will improve other insurer functions such as catastrophe risk management.
“QuickFill is all about improving the customer experience,” says John Cantwell, assistant vice president, automobile marketing, for ISO. “When customers get faster, more accurate rate quotes, they are more likely to buy a new policy and keep it. QuickFill also improves policy accuracy (for example, obtaining the right claims history or real-time annual mileage estimates), thereby reducing premium leakage and inaccuracy.”
QuickFill is delivered via ISO Passport, ISO’s technology platform that responds to more than 20 million carrier and agent transaction requests each year. QuickFill is available in all 50 states and Washington, DC.