Customers and auditors demand vehicle valuations that are consistent, fully evidenced, transparent, and prompt. But hours spent organising condition assessments and cross-referencing retail adverts and trade guides can still miss the mark without access to real-time market data or detailed vehicle information. Inconsistent or unfair valuations can result in costly errors, leading to customer disputes, policyholder churn, and regulatory scrutiny.
Our comprehensive motor database, market integrations, and your value philosophy, drive a solution that delivers fast, consistent, and transparent valuations. Make informed total-loss claims settlement decisions with confidence while securing customer trust and satisfaction.
Gather and process data from market evidence, condition assessments, and vehicle and policy status with fast, automated collection.
Ensure fair, reliable, consistent offers with calculations based on data from multiple leading valuation providers. Prevent overestimations and reduce claims leakage.
Automatically generate and send offers directly to customers with a digital, self-serve journey. Save 30 minutes per claim with real-time responses, and ensure transparency among all parties at every stage.
Quickly generate audit-ready reports aligned with the latest FCA regulations, including clear breakdowns of valuation methodology, without slow, manual calculations.
Make confident vehicle claim assessments when you pair Valuation and Settlement Service with our Intelligent Vehicle Inspection Tool (IVI) for a seamless, fully digital claim journey. Access our Valuation and Settlement Service via user interface or API for enhanced visibility. Learn how our motor solutions help you reduce claims leakage.
Get detailed evidence reports, seamless compliance, and improved customer confidence - helping you deliver well-documented, defensible decisions.
Including the make, model, mileage, condition, and history
Listings and prices from verified sources
Clear breakdown of adjustments and deductions
Structured to support FCA Consumer Duty compliance
Designed for internal review and external challenge
Our tool automatically fields data from multiple trusted UK providers to validate the vehicle value. The system also performs a detailed vehicle background check, including MOT status, previous claims, and any policy adjustments - all to drive accurate settlement offers.
The service’s fully auditable trail ensures your valuation process meets regulatory requirements, helping you avoid fines. Track volumes, dispute rates, and settlement times live with simple MI dashboards.
Our comprehensive reports support full transparency with your customers, including a complete list of providers used to determine the vehicle value and any adjustments that affect the final settlement, such as expired MOT or available policy excess.
Configurations bespoke to your business can help you deploy the platform quickly. Update the valuation logic and apply rules across your entire system instantly.
Unlock even more efficiencies by harnessing the full potential of the Verisk ecosystem.
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