Advanced Auto Rating

Transcription

1 Advanced Auto Rating

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3 Table of Contents Client Screen 1 Quote Information Screen 2 Private Passenger 3 Coverages 5 Optional Accident Benefits 6 Driver(s) 7 Claims/Convictions/Suspensions & Lapses 8 Assignment Screen 9 Miscellaneous Vehicles 10 Motorcycles 11 Motorcycle License & History 12 Carrier Selection 12 Premium Adjustments 13 Summary & Quote 14 Application/Liability Slips 15 Defect Reporting/Client Memos & Quote Notes 16 Upload to Insurer Portals 17 Individually Rated Commercial Automobiles 18 Contact Information 19

4 Client Screen Use the Copy button to provide clients with multiple scenarios. Client Memos and Quotes Notes can be added at any point and used as: Reminders Differentiate between quotes Share info with co-workers Upload info to insurance companies 1

5 Quote Information Screen The correct effective date is essential. The following are affected by this date: Renewal and New Business rates Birthdates of drivers Dates of accidents and/or convictions Individually Rated Commercially Auto and Miscellaneous Vehicles are also available in Compu-Quote Rating Services through AutoRater. A Policy Type and a Carrier must be completed to generate a Multi-line discount. 2

6 Private Passenger 3

7 Private Passenger A Postal Code can generate one or more cities, which reflects on the territory. By amending the Postal Code, the garaged location of the vehicle can be amended. If a Multi-Vehicle discount is required when quoting a single vehicle, select the Single Vehicle MVD box. By Selecting Pleasure as primary use and entering the correct information in Distance Driven, various driving classes can be generated. If Business is selected, Class 07 is generated. Distance Driven information should be entered in all cases. 4

8 Coverages To set a Coverage Group: 1. Select the desired coverages 2. Under Coverage Groups, select Save As Name the coverage group Note: Several Coverage Groups can be set. Coverage Groups can be added, renamed and deleted. An individual default can be set per user. 5

9 Optional Accident Benefits Optional Increased Accident Benefits Coverages can be accessed through: Coverages (Private passenger) SABS (Quote Summary Screen) 6

10 Driver(s) Occupations that may affect premiums are: Clergy Farmer Retired Student (away at school) Graduated licensing history or other licensing can be entered under License Detail. 7

11 Claims/Convictions/Suspensions & Lapses Select the vehicle (or vehicle substitution) involved in the claim. Dates of claims, convictions, suspensions and lapses recognize the effective date of the policy. If a driver has had a suspended licence, it is important that all convictions and lapses associated with the suspension be entered as well. 8

12 Assignment Screen Driver(s) listed in the Available Drivers box has to be assigned as Principal, Occasional or Excluded driver. The occasional driver should be assigned to the vehicle that has the highest rating group. 9

13 Miscellaneous Vehicles If Miscellaneous is selected as the Type of policy on the Quote Information screen, it will launch directly into the miscellaneous vehicles tab. Select the Year and Make to access a list of available models (shown in white). 10

14 Motorcycles The wand can provide further information based on the car code. Body Style/Class Engine (cc) List Price New Some companies require additional anti-theft devices to insure certain risks. After-market anti-theft devices should be selected. Most companies require the following to obtain a quote: List Price New Purchase Price Purchase Date Purchase Condition Km at purchase 11

15 Motorcycles License & History Class M license and motorcycle insurance history is entered on a separate screen from the other classes of license. Miscellaneous Vehicle Group Plans can be entered from the drop down menus. Carrier Selection Carrier selection can be made per quote and carrier groups can be set. 12

16 Premium Adjustments The wrench on the Underwriting Screens allows you to define premium adjustments. The wrench on the Carrier Detail Screen allows you to apply them. Watch for messages advising to apply further discounts using the wrench. Once applied, a notation appears under Messages and the affected rates are shown in red. Note: The premium adjustment is set by carrier, for example Aviva. When using the wrench to apply discounts/surcharges, they are saved for that particular quote with the selected carrier. Therefore the applied discounts/surcharges for the selected carrier remain if you re-quote or copy the existing quote. 13

17 Summary & Quote The quote can be saved in HTML and attached to an . Pro Rata/Short Rate Calculator 14

18 Application Applications can be printed directly from Compu-Quote. Complete all fields in Compu-Quote prior to opening the application (eg. Driver s License/VIN). Liability Slips 15

19 Defect Reporting Defect Reporting can be used to report an error in rating directly to Compu-Quote s support department for review. Complete all required fields, including a description. Selecting OK will submit your request to Compu- Quote for review. Record the tracking number for future reference. Client Memos & Quote Notes Memos and notes can be included in the Carrier Upload by checking the Include in Carrier Upload box. 16

20 Upload to Insurer Portals Select the desired insurer from the Quote Summary to have access to the Company Integration Icon, click on the Icon and the system will prompt you to enter your user name & password. This functionality is currently available with Aviva, Aviva Traders, INTACT, Novex, North Waterloo Farm Mutual, Peel Mutual, Royal & Sun Alliance, Scottish & York, Western Assurance, and York Fire. If you are interested in this free functionality please contact your Compu-Quote Sales Representative for more information. 17

21 Individually Rated Commercial Automobiles (IRCA) Please visit to view our IRCA training video. Individually Rated Commercial Automobiles (IRCA) is available in Compu-Quote Rating Services through AutoRater. The IRCA Quoting Application is an easy to use web-based module embedded in AutoRater, which is designed to provide full underwriting and simultaneous, comparative quoting for multiple IRCA rate plans. 18

22 Contact Information For more information regarding Compu-Quote Rating Services or any of Compu-Quote s other products or services, contact your account representative at For technical or underwriting support, contact our support line at Monday through Friday from 8:30 AM to 7 PM EST or by at support@compu-quote.com. Would you or your employees or coworkers benefit from this course? We offer in-house, online, webinar and seminar training. For event schedules and information go to and select Events. 19

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