Verisk Introduces TrueVIN to Give Auto Insurers Granular Vehicle Details for Underwriting and Pricing
"A more comprehensive picture of the vehicle is now available, featuring critical information about physical characteristics that often aren't encoded in the VIN itself," said
TrueVIN can uncover vehicle-specific, as-built details, such as advanced driver-assistance systems (ADAS), and high repair-cost equipment like panoramic sunroofs. The solution supports ISO's recently introduced ADAS rating factors, which include a manual rule and related rating factors for the ISO Personal Auto Program. Both TrueVIN and the ADAS rating factors can help insurers seamlessly account for the presence of these safety features when underwriting and pricing coverage.
"With the spread of ADAS technology such as blind spot intervention, lane departure prevention, and forward collision warning, it's valuable for insurers to know precisely which features are installed on a specific vehicle," said
TrueVIN functions within
For more information about TrueVIN, visit verisk.com/truevin.
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