|
Auto Liability Insurance Reporting (DMV Reporting) |
Powered by Adeptia
Integration Server
|
Mandatory liability insurance laws exist in 47 of the
50 states. Auto Liability Insurance Reporting (ALIR)
programs, often referred to as State Reporting systems
or DMV reporting systems, are designed to enforce compulsory
insurance laws in 23 states. It's mandatory for Insurance-Carriers
to implement and maintain these reporting systems complying
to standards set by industry. |
|
This enforces each carrier for:
-
Maintaining the data necessary to verify the insurance
coverage provided to their own customers
-
Maintaining a Web portal or secured service through
which online insurance verification can take place by
trading partners
-
Information exchanged to be limited to only those
items needed to accurately route the request and confirmed
coverage, keeping any privacy concerns to a minimum.
-
Transmitting information in a standard format set
by the industry (EDI; Proprietary/ X12)
-
Consumers pay higher insurance premiums to offset
insurer costs
-
Insured drivers are fined inappropriately when mistakenly
identified as uninsured
-
Affects policy holders retention
Adeptia BPM for Insurance Solution offers a unique approach:
-
Product rather than hard coding: Instead of resorting
to custom coding, utilize an enterprise software product
that combines Business Process Management and Integration
technology
-
Rapid implementation due to pre-built data formats
and templates
-
Easy and simplified maintenance, reduces ongoing maintenance
costs
- Reduces the cost of development, implementation, and
ongoing maintenance
- Enables carriers to comply with state mandates
- Automated error handling and exception processing
- Realize the cost effective use of resources with a re-usable
inquiry system, built one time, with just upgrades as future
needs arise
- Eliminate errors, Reduce costs, Increase profits
|
