Coverage Verifier Auto Liability Insurance Reporting
Auto liability insurance reporting (ALIR) is a compliance expenditure with ever-changing requirements and little return for insurers. Those that don’t maximize efficiency in this function may miss a prime opportunity to save money and free up valuable resources.
CV-ALIR® can help you get off the compliance treadmill and get on with your business. It’s one part of the full CV Services suite of compliance and lienholder-insurer communication solutions.
It’s not just a matter of money—it’s staff time and intellectual capital. With CV-ALIR, it's easier to focus on competitive advantages that grow your business.
But it starts with savings. One top 10 insurer ran the numbers and found its total ALIR cost reduced by 60%.
You have an ongoing responsibility to help policyholders avoid state fines and penalties. Your ALIR solution needs to be accurate, timely, compliant, and consistent.
One by one...
Work manually to reach compliance across 38 jurisdictions—with 38 sets of technical requirements, processes, and protocols.
...or once and done
Let CV-ALIR contain this resource drain as rules change and your business grows. Gain higher efficiency and better security.
ALIR compliance across 38 jurisdictions puts a double burden on insurers. But there's an opportunity to optimize spending on automated compliance.
Learn more about the efficiency gains achieved through utilizing Verisk’s innovative Coverage Verifier automated compliance solutions. Get off the reporting treadmill using a single data feed. Our services can help you remain compliant while optimizing your spend and streamlining your verification workflow.
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