A leading Ontario insurance broker was looking for ways to streamline their renewal and quoting process as they relied on the insured to provide them with underwriting information, which was often insufficient for quoting and inaccurate. They were also using a replacement cost tool which took 20 minutes to process one quote, consuming valuable time. They needed to find a more accurate, efficient way for its agents, underwriters, and call centres to assess and quote a risk. Opta Information Intelligence presented a comprehensive solution; iClarify Residential™, the only desktop tool that lets you validate property data instantly, accurately and efficiently. (Based on 2014 study)
Find out what powers the accuracy of iClarify™ valuations in Rural Areas
Ontario’s average variance is 0.67% between Contractor Estimate and iClarify™ Valuations
Alberta’s average variance is -0.30% between Contractor Estimate and iClarify™ Valuations
British Columbia’s average variance is -0.22% between Contractor Estimate and iClarify™ Valuations
Quebec’s average variance is 1.66% between Contractor Estimate and iClarify™ Valuations
Atlantic Region average variance is 0.90% between Contractor Estimate and iClarify™ Valuations
CAA Insurance was looking for ways to streamline their policy quoting process
Predictive analytics has not been fully applied to the property side and the primary consequence has manifest to an $11 billion dollar insurance-to-value (ITV) challenge
A leading Ontario insurance broker was looking for ways to streamline their renewal and quoting process