Claims and Loss History Now Part of MI Rater

Eleva, Wis.-based MI-Assistant announced the incorporation of loss-history information from previous auto claims into the company’s rating program for agents to properly evaluate and rate auto insurance policies with particular carriers. The insurance industry has adopted the utilization of this model to place business with a variety of national carriers, the company said in a statement.

Carriers partnered with MI-Assistant in offering mutual clients auto claims/loss functionality include Austin Mutual, Hawkeye-Security, Indiana Insurance, Integrity, Rockford Mutual, SECURA, Selective, West Bend Home & Highway, and Westfield Insurance.

President Scott Deetz said that number would grow quickly. MI-Assistant previously developed and delivered auto/home credit functionality and incorporation of MVRs. Credit auto/home, MVRs and claims/loss information incorporated into the companies rating product enables the agent to utilize one-step quoting for faster policy issuance.

The company said it is one of few comparative rating vendors offering integrated third-party report functionality for independent agents in the Midwest. PriorityRate.com is another leading rating vendor offering similar functionality.