Unlocking Efficiency and Accuracy with DASH: A Game-Changer for Canadian Insurance Brokers
The Insurance Bureau of Canada (IBC) has recently introduced a tool for insurance brokers: the Driver Automobile Search History (DASH) system. This new platform promises to revolutionize how brokers access and utilize auto insurance data, offering an alternative to existing systems like CGI’s AutoPlus. Here is a comprehensive look at what DASH offers and how it can impact your brokerage.
Seamless Access & Comprehensive Reports with DASH
Seamless Access & Comprehensive Reports with DASH
DASH simplifies the process of obtaining detailed auto insurance history reports. Brokers can access the system through an intuitive portal, entering only the driver’s license number and vehicle identification number (VIN). This streamlined approach generates the DASH Consumer Driver Report, which thoroughly summarizes an individual’s auto insurance history.
Components of the report include:
Identifying Information: basic details of the driver
Policy History: list of all insurance policies the individual has held
Claims History: records of past claims, including types and statuses
Inquiry Information: documentation of all inquiries made regarding the insurance
This instant access to comprehensive data saves time and enhances accuracy, allowing brokers to provide better service to their clients. However, brokers need to invest some time in learning how to use the DASH system effectively. The initial learning curve is well worth it for the operational efficiencies and improved client interactions it facilitates.
Comparing DASH with CGI (AutoPlus)
Comparing DASH with CGI (AutoPlus)
While CGI’s AutoPlus has long been a trusted staple for brokers, DASH sets itself apart with a broader scope of information. Identified through a collaboration between the Facility Association (FA) and IBC, DASH boasts differentiators in 16 different areas from AutoPlus, including:
Information sources
Driver profiles
List of Policies
List of claims
Number of claims (total, At-fault, Comprehensive, DCPD)
At fault percentage,
Commercial policy definition
Etc.
These distinctions empower brokers with deeper insights into client risks, enhancing their ability to offer competitive premiums and superior coverage options
Implications for Brokers
Implications for Brokers
For brokers, mastering DASH means more than just leveraging a new tool - it’s about optimizing client relationships. By uncovering accurate data that clients may overlook or misrepresent, brokers gain several key benefits and considerations:
Enhanced Risk Management: with more accurate and detailed data, brokers can assess risks more effectively. This leads to better-informed coverage recommendations and more accurate quotes.
Stronger Client Relationships: transparent and accurate reports foster trust between brokers and clients. DASH helps identify discrepancies and ensures that clients receive fair premiums based on their actual insurance history.
Efficient Policy Renewals: DASH aids in managing renewals by providing up-to-date information on recent changes, such as speeding tickets or policy adjustments. This ensures accurate and timely renewal quotes.
Operational Efficiency: the system reduces errors and speeds up the process of obtaining and analyzing insurance histories. This efficiency helps brokers manage their workload more effectively.
While there is a learning curve associated with DASH, investing time in mastering the system will pay off. The benefits of improved data accuracy and operational efficiency are significant. The transparency of this system not only safeguards against potential discrepancies but also strengthens client trust and satisfaction over time.
Access DASH Resources with QuickFacts
DASH represents a significant advancement in the Canadian insurance industry, offering brokers a powerful tool for accessing and utilizing auto insurance data. With its comprehensive and accurate reporting capabilities, DASH enhances brokers' ability to serve their clients and manage their operations effectively.
At QuickFacts, we support brokers in harnessing the full potential of DASH through our dedicated resources on the Comparisons platform. Book a demo today to see how QuickFacts can transform your brokerage operations and elevate your client service.
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