Gain valuable insight with key flags and data points to help fight fraud, reduce loss costs, and settle claims faster.
CARFAX Canada vehicle history data flags can be used during claims triage to expedite a valid claim at first notice of loss (when no flags appear), help identify potential fraud or indicate a diminished value.
Once deemed a total loss, CARFAX Canada data can help with determining the asset’s value and checking for lienholder information.
CARFAX Canada vehicle history data is an indispensable tool for personal and commercial underwriting and pricing of new, and renewal, auto business.
Valuable data points include:
CARFAX Canada has developed a benchmarking tool that allows insurers to compare the distribution of history attributes in their book against that of all vehicles in operation (VIO) in Canada. Over-indexing against key vehicle history data points has been proven to directly impact residual pure premiums.
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