Virtual Inspector revolutionizes vehicle inspections

New Mobile App

Real-time data means improved accuracyConsumers can use the Virtual Inspector app on their smartphones to conduct physical inspections* and submit information. You’ll receive real-time data such as: • odometerreading• garagelocationusingGPScoordinates• VIN• vehiclephotos• photosofvehicleregistrationandbillofsale

Togetanevenmoreaccurateviewoftheapplicant,wecanalsointegratedatafromourA-PLUSTMLossHistoryReportsandCoverageVerifierSMdatabaseswiththeinformationtheappgenerates.

Virtual Inspector enhances our fraud detection servicesRISK:checkVirtualInspectorenhancestheresultsofourotherRISK:checkservices.Forexample,ifRISK:checkPointofSaleidentifiesapotentialissue,anapplicantcanusetheVirtualInspectorapptodocumentandclarifythesituationquickly.Iftheapplicantcan’tresolvetheissue,youmaywanttoevaluatethesituationfurther for potential fraud.

don’t have to be time- consumingandcostly.Newtechnologiesandanalyticsaremakingthemeasyandinexpensive.Underwritersandagentscannowverifygaragelocation,vehiclecondition,mileage,andanabundanceofadditionaldetails—withouteverleavingtheoffice.

OurnewRISK:check® Virtual Inspector mobile application helps you collectinformationthataddsgreaterpricingaccuracy,streamlinesyourunderwritingprocesses,andidentifiespotentialfraud.Theappalsohelpsyoumaintainpremiumintegrityfrompolicyissuancetorenewal.Andyoucanbranditunderyourownlabel.

Vehicle inspections

*Inspectionsconductedusingthemobileapplicationcan’tsatisfyregulatorystateinspectionrequirements.

Communicate with consumers their wayConsumers are increasingly comfortable providing information and completing transactions using their smartphones. Millenial consumers expect such functionality to be available.

Despite that expectation and increasing reliance on mobile devices to conduct business, few insurers have taken advantage of the smart-phone to improve quote, application, and policy maintenance processes. Companies offering a fast and easy mobile experience can expect to win and retain more business than those that don’t.

How it works• AconsumerorinsuranceagentdownloadstheVirtualInspector

application from the Apple or Google Play app store, registers and logs in, and conducts a step-by-step virtual inspection.

• Veriskreceivestheinformationandidentifiesissueswithvehicleregistration, coverage, loss history, and more.

• Weapplyourproprietaryanalyticsanddelivertheresults,photos, and supplementary documents seamlessly into your policy management system.

Try the app demo on your smartphoneYoucandownloadthefreeVirtualInspectordemo—asimplifiedversion of our robust technology — using an Apple or Android smart-phone.Justusethevehicleidentificationnumber(VIN)barcodereadertosubmityourcar’sVINandgenerateaPDFreport.

Download RISK:check Virtual Inspector for your mobile deviceSearch for Verisk inspector.

1.ABIResearch,MobileCommerceandVirtualGoodsMobile OnlineShopping,Software-BasedProximityPayments,2010

2. http://millennialmarketing.com/2013/04/how-do- millennials-behave-on-social-mobile-and-the-web

3.QualityPlanningCorporationanalysis,2012

Our studies3 show that, in 17 percent of personal auto applications, insurers can’t verify the garaging location. Capturing that information could

reduce fraud and premium leakage by up to

$1.75 billion.

of the world’s population own mobile devices. Roughly 93 percent of young U.S. consumers (Millennials)usedamobilephonein2012; about 63 percent of them used smartphones.2

77 percent1

Report to be updated

Customize capabilities andreportingTheadvancedtechnologyand open architecture of our newmobileplatformenableus to customize both the app andthereportsitgenerates.Wecandesigncapabilities,analytics,andoutputtosupportyouruniquebusiness,markets,andworkflow.Wecanevenintegrateinforma-tionfromourotherdatabases,suchasA-PLUSTM and CoverageVerifierSM.

ResultsinyourinboxYoucanmapresultsrightintoyourpolicymanagementsystem.Ortogaincompeti-tiveadvantagerightaway,wecansendreportsdirectlyto your e-mail.

Report details•Areal-timephotograph

authenticates the odometerreading.

•GPScoordinatesdeterminethedistancebetweentheregistrationaddressandthe vehicle location at the time of the photo.

•TheMailDropAlerttellsyouif an address in an under-writingquerymatchesamail drop location.

Collaborate to Innovate

FormoreinformationonRISK:checkVirtualInspector:

ContactVeriskCustomerSupportat1-855-859-8775,sende-mail

to info@verisk.com, or visit www.verisk.com/virtualinspector.

We’ll help you innovateUsing the Virtual Inspector app to streamline your auto workflow may inspire additional ways mobile technology and analytics can address your business needs. Together we can look at how Verisk can help you innovatetomeetthoseneedsbydevelopingspecificVirtualInspectorenhancements—forbothautoandpropertylines.Forexample:

• Streamlineyourclaimsprocessbyenablingconsumerstoreportclaims,document damage, and submit estimates for auto and property.

• Understandyourriskrelatedtopropertyinteriorsandexteriorsbyverifying property details, such as electrical boxes, furnaces, high-end upgrades, and overall property condition.

• Createelectronicrecordsofhomecontentsbygivingpolicyholders an easy way to provide an inventory.

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©InsuranceServicesOffice,Inc.,2014.ISO,theISOlogo,VeriskAnalytics,theVeriskAnalyticslogo,andRISK:checkareregisteredtrademarksandVerisk,VeriskInsuranceSolutions,andtheVeriskInsuranceSolutionslogoaretrademarksofInsuranceServicesOffice,Inc.A-PLUSisatrademarkandCoverageVerifierisaservicemarkofISOServices,Inc.AIRWorldwideisaregisteredtrademarkofAIRWorldwideCorporation.XactwareisaregisteredtrademarkofXactwareSolutions,Inc.Allotherproductorcorporatenamesaretrademarksorregisteredtrademarksoftheirrespectivecompanies.