TruckBody IQ® Intelligence Solution
Purpose-built for insurance so you can underwrite the entire truck,
not just the cab and chassis
VIN decoding just isn’t enough when it comes to insuring commercial trucks
Data evaluations have shown that up to 65% of commercial trucks may be under-valued because the value of what’s sitting on the chassis has not been accounted for during underwriting. This leads to under-quoting the insurance policy, which is risky and can reduce overall profitability.
TruckBody IQ®
Price Digests’ exclusive TruckBody IQ® Intelligence Solution fills in the gap between an underreported Original Cost New (OCN) from the traditional VIN prefill and the actual OCN of a completed truck, including the value of the equipped truck body. It is designed to increase quote accuracy during the underwriting process, help mitigate risk for the insurer, and reduce premium leakage.
The integration of these critical new data points empowers commercial auto carriers to:
The integration of these critical new data points empowers commercial auto carriers to:
- Provide more accurate quotes for commercial trucks without leaving your policy admin system
- Reduce exposure to risk by fully valuing commercial vehicles
- Maintain quotation speed with lighting fast response time
Exclusive from Price Digests
Only TruckBody IQ® from Price Digests automatically generates a more accurate original cost new (OCN) or Actual Cash Value (ACV) for complete commercial trucks, allowing you to capture and insure the full vehicle value. Built right into your policy admin solution, so everyone has access in real time.
Available with API integration from Price Digests, or through Duck Creek.
Resources
Download the TruckBody IQ® flyer to discover how you can reduce the risk of underinsuring commercial trucks, using our unique solution.
Download here ➞
Download the TruckBody IQ® whitepaper and learn how to reduce risk from underinsuring commercial trucks with our unique solution.
Download our API in Insurtech flyer and discover why the Price Digests API is right for insurtech and right for your business.
See what we can do for you
Get to know TruckBody IQ®
Download our TruckBody IQ® whitepaper and understand how our unique solution combining advanced analytics with automation increases speed to quote, reduces premium leakage, mitigates overall risk, and drives enhanced accuracy in the rating, underwriting, and quoting processes.
TruckBody IQ®, coupled with Price Digests’ industry leading commercial truck VIN prefill solution, combines advanced analytics with automation to increase the accuracy of OCN calculations to support premium lift.
TruckBody IQ® API:
– GET Commercial Truck Original Cost New: Estimated High Value
– GET Commercial Truck Original Cost New: Estimated Median Value
– GET Commercial Truck Original Cost New: Estimated Average Value
– GET Commercial Truck Original Cost New: Estimated Low Value
Ideal for:
– Integrating information for more accurate quotes for Commercial Trucks in the underwriting process
– Capturing more accurate and complete commercial vehicle information
– Maintaining speed during the quote process
– Reducing exposure to risk in undervaluing commercial auto
