Instantly Update Auto Insurance Policies

Discover just how simple it is for add/update vehicle and lienholder with MeasureOne.

Discover auto insurance policy updating

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Summary

In this video, we demonstrate how MeasureOne streamlines the process of adding a new vehicle to a buyer's insurance policy, ensuring data security and ease of use. Businesses can seamlessly integrate this feature into their products, enhancing the consumer experience. 
 
Chapters

0:00 Introduction to MeasureOne
1:00 Explanation of Data Update Process
2:21 Confirmation of Vehicle Addition, Conclusion and Next Steps

Transcript

0:00 Hi, welcome to this demo with measure one. We have an exciting new feature that helps to remove bottlenecks in the car buying journey by automating the ad vehicle process to a buyer's insurance policy.

0:16 So today I'd like to walk you through the consumer experience when completely needing an ad vehicle request with measure one. 0:24 Your business can incorporate the measure one experience into your existing product, or you can initiate the process by sending the buyer a text or an email.

0:36 The text or email copy can be customized to your specific needs. But generally includes the name of the requester and the policy being updated.

0:46 So, when the user receives that email or text message, it will include a link. When they click on a link, they are taken to a screen that looks something like this.

0:57 It introduces the fine. All right. The finance company that is requesting that the new vehicle be added. In this case, Harborview Credit Union.

1:08 Click below to get started. Here is a brief explanation of how measure one completes the data update without selling the buyer's personal information.

1:21 Or using it for any purpose outside of this specific update. And it's simply meant to put the customer at ease that their data is safe during this process.

1:33 Click continue. Now the consumer is automatically taken to the login screen for their insurance provider. If for any reason the incorrect insurance provider is displayed here, then they can click connect a different insurance provider to search for their current carrier.

1:53 Measure one covers over 95% of insurance carriers and 100% of the major carriers so we have nearly the entire market covered.

2:04 Assuming everything looks correct, they can now log in. So, I will enter credentials here, click connect. So, once they have input the correct credential, they will see a confirmation screen of the vehicle being added to their policy.

2:26 It includes the policy number here, the year make and model of the car along with the associated VIN number. Assuming everything looks correct, which it should, then they will click review premium.

2:45 Here, any changes to the user's insurance premium with the addition of the new vehicle will be displayed. Again, once everything everything.

2:57 Looks correct and the user is okay with making this update. They can click on update my policy. And it is literally as simple as that.

3:11 Instantly, the car buyers insurance policy has been updated with the new vehicle. Yeah. Thank you so much for watching. For more demos of the MeasureOne platform, please visit measureone.com/videos

What is Consumer-Permissioned Data? 

Consumer-permissioned data puts the consumer at the center of each and every data transaction. Businesses obtain explicit permission from the consumer to access and use their personal data directly from their primary data source, typically consumer credentialed accounts.

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MeasureOne is a pioneer in data and analytics, transforming the way consumers can access and share their data with lenders. As the first consumer-permissioned data platform-as-a-service on the market, MeasureOne has the ability to share actionable data in real time and we are looking forward to offering this service to our lenders.

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