Inspection report for insurance companies regarding the insured vehicle's condition.
Without a clear understanding of the overall condition of a vehicle, the insurance company has no concept of the risks involved with insuring the vehicle.
By knowing the condition of a vehicle, a pre-insurance risk assessment can reduce cost associated to both the underwriter and the consumer.
The pre-insurance risk assessment will prevent fraudulent insurance claims and reduces valuable time spent resolving disputed claims.
Given the millions of vehicles underwritten within the South African insurance industry and the many thousands that are taken on each day, the key question that arises is:
- Do insurance companies actually know what they are insuring?
- What is the actual condition of the vehicle coming onto their books?
Without a quality pre-insurance inspection the underwriter has no concept of what risk is being taken on with no clear understanding of whether there is evidence of residual accident repair prior to take on, the general condition of the body, engine and tyres and when last the vehicle passed a Certificate of Roadworthy Test.
The answers of course impact directly on the level of risk that is underwritten and the cost of the premium to the consumer. As a partner to the insurance industry, DEKRA delivers solutions designed to prevent fraud and unnecessary claims.
The DEKRA Insurance Risk Assessment addresses the key risk areas of insuring a vehicle, thereby directly reducing the underwriting risk, the costs and the premium to the consumer.
The DEKRA Insurance Risk Assessment prevents fraudulent insurance claims and reduces valuable time spent resolving disputed claims. The solution directly improves underwriting profits.