IAA unveils first 2 components of Whole Loss Options – Auto Remarketing

August 17, 2022 By admin

Insurance coverage Auto Auctions just lately launched what the corporate dubbed the IAA Whole Loss Options, a collection of merchandise that executives highlighted can immediately affect the alternatives to enhance buyer satisfaction and extra successfully handle prices in the course of the complete loss claims course of.
The primary two product traces the corporate rolled out are IAA Inspection Providers and IAA Title Providers.
The corporate indicated IAA Inspection Providers was developed to cut back the cycle time from date-of-loss to complete loss willpower. Three elements are included:
— Enhanced photos
— Situation report
— Appraisal
The corporate defined these choices are designed to permit direct towing to the salvage public sale, the place high-resolution imagery can help digital inspection of autos, leading to sooner cycle time and diminished claims value. 
Efficiencies inside the inspection course of might be additional leveraged by IAA offering a pre-loss car situation and choice report, and a car valuation to supply a complete resolution to the full loss claims course of.
Executives highlighted IAA Title Providers contains three elements, too, all designed to swimsuit the precise wants of the shopper. The phase rundown contains:
—Title Procurement
—Title Options
—Title Direct
Title Procurement is geared to be a seamless providing that can be utilized by carriers to handle the doc procurement course of on all complete loss claims.
Title Options might be utilized on these complicated claims with unresolved title and doc points. 
Title Direct is a service that may permit paperwork from a number of sources, usually the insured and lienholder, to be despatched on to an IAA department, lowering cycle time and value for the service.
“Our prospects are constantly centered on offering the very best expertise for his or her insureds whereas rising the effectivity of their claims course of,” Insurance coverage Auto Auctions chief govt officer and president John Kett mentioned.
“The whole loss claims course of has turn into a extra essential success issue for our property and casualty service shoppers, in addition to a main influencer of buyer satisfaction and retention,” Kett continued.
IAA senior vp of enterprise growth Pat Walsh added, “These are the primary merchandise IAA is bringing to market inside our Whole Loss Options technique.
“We accomplished in depth analysis on the full loss claims course of and our outcomes clearly point out that chance exists to assist our shoppers enhance buyer satisfaction and achieve financial advantages,” Walsh went on to say.

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