Transactor embarks on quotation enhancement trial
Transactor Global Solutions is trialling the use of key external databases in a bid to enhance the quotation process in private motor, motor cycle, commercial vehicle, and household insurance.
Transactor the need for better and more accurate data to inform, automate and strengthen the pricing decision is common to all personal lines insurance.
The company has vowed to explore and implement ways to make Claims and Underwriting Exchange (CUE) data, credit checking/scoring, Electoral Roll data, and bankruptcy/IVA data available as part of its data capture and quotation processes for new business and renewals, in the call-centre, on the internet, and in the aggregator channel.
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