Until now, insurers have relied on a standard level of VIN decoding that was limited to information embedded in the first 10 digits of the VIN, such as year, make, model, and some standard equipment.
TrueVIN gives insurers more details and insights on the vehicles they insure, using build-sheet data and the 17-digit VIN to uncover features that are standard on all trim levels, as well as factory-installed optional equipment.
Knowing each vehicle you insure in granular detail is critical in today’s competitive personal auto market for underwriting, rating, and claims adjusting.
View our Thursday Product Spotlight webinar to learn how TrueVIN, the advanced VIN decoder, can help uncover critical risk information embedded in the vehicle identification number (VIN).
With the spread of advanced driver-assistance systems (ADAS), including blind spot intervention, lane departure prevention, and forward collision warning, it’s valuable for insurers to know precisely which features are installed in a specific vehicle.
TrueVIN functions within Verisk’s full ecosystem of ADAS solutions.
The vehicle identification number (VIN) can provide a gateway to important information, but it takes an innovative solution to unlock it.Read the article
How will newer advanced driver assistance systems (ADAS) affect vehicle risk as insurers seek to improve rating segmentation and better align premium with risk?Read the article
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