Business Sectors: Insurance Industry

CarweB supplies services to a number of different companies operating in the insurance sector. Customers include motor insurers, insurance brokers and web based aggregators, various claims and other professional service providers to the industry.

Quality of the data insurers hold on their insured assets is a perennial problem and one that costs the industry a great deal in time and money as well as damaging customer confidence when it is proven to be wrong. CarweB is ideally placed to address this problem in insurer’s private car and commercial motor portfolios. We do this by providing web based access to our built for purpose, unique database of all vehicles in the UK. The database is searched and a return provided normally within 0.1 seconds and across very high volumes of data. Insurers can chose from a long list of data fields and with confidence know they are getting the most granular data available about the vehicle just based on providing CarweB with the Vehicle Registration Mark (VRM).

Insurers experience after adopting CarweB’s data has been to improve accuracy in quotations; ensuring the right underwriting terms are applied more consistently on policies secured; the insured’s vehicle details are recorded more accurately in the policy records; the claims process is more effective and the portfolio details transmitted to the MID are more accurate.

Improvement rates have been dependent on what type of service insurers have used previously but have typically enjoyed pay back periods after adopting the service of only a few months.

CarweB adopts a consultancy approach to each insurer to ensure we provide a tailored solution based on the insurers needs.

If you would like to know more about our services, would like a demonstration or wish to discuss your requirements further then click here to contact a member of our team.