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

August 18, 2022 By admin

Insurance coverage Auto Auctions lately launched what the corporate dubbed the IAA Complete Loss Options, a collection of merchandise that executives highlighted can straight impression 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 Companies and IAA Title Companies.
The corporate indicated IAA Inspection Companies was developed to scale back the cycle time from date-of-loss to complete loss dedication. Three parts are included:
— Enhanced pictures
— 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 assist digital inspection of autos, leading to quicker cycle time and diminished claims price. 
Efficiencies throughout the inspection course of may be additional leveraged by IAA offering a pre-loss car situation and choice report, and a car valuation to offer a complete resolution to the overall loss claims course of.
Executives highlighted IAA Title Companies contains three parts, 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 may 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, sometimes the insured and lienholder, to be despatched on to an IAA department, lowering cycle time and price for the provider.
“Our clients are persistently targeted on offering the very best expertise for his or her insureds whereas growing the effectivity of their claims course of,” Insurance coverage Auto Auctions chief govt officer and president John Kett mentioned.
“The overall loss claims course of has change into a extra necessary success issue for our property and casualty provider shoppers, in addition to a main influencer of buyer satisfaction and retention,” Kett continued.
IAA senior vice chairman of enterprise improvement Pat Walsh added, “These are the primary merchandise IAA is bringing to market inside our Complete Loss Options technique.
“We accomplished in depth analysis on the overall 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.