Cazoo Data Services received the Silver Excellence in Technology-Service Provider (Motor) award at the Insurance Times Awards, held at the Grosvenor House in London on December 09, 2021.
Our entry was based on the Companion product for insurers. Companion is allowing claims and engineering departments across the UK to speed up the process by eliminating time consuming manual research. Additionally, insurers can compare similar vehicles currently on sale and previously sold, verifying their value for fair and accurate quotes.
Cazoo Data Services Director, Richard Lack said: “Insurers are waking up to the real cost of a claims track which can often become protracted and adversarial. In an industry which now competes as much on customer experience as it does on price; this is bad for business. Realising we had a unique data set and a very useful real-time perspective of actual vehicle values; we saw an opportunity to equip claims teams with tools that help them. Companion clearly illustrates the real cost of a replacement vehicle based on our whole view of the marketplace, and underscored with similar listings of vehicles recently sold and advertised.
This award is confirmation of Cazoo Data Services’ commitment to the insurance industry’s journey towards digital transformation. It’s incredibly rewarding to be recognised for our dedication in providing the most authoritative vehicle data and insights to insurers throughout the UK. And a special thanks to our Head of Sales Engineering, Tom Lawrie-Fussey who attended and accepted the award on behalf of Cazoo Data Services.”
The Cazoo Data Services experts work diligently to not only supply insurers with insightful vehicle data that can support their customers in a fair and trustworthy way but also create thoughtful and empowering articles full of useful industry information.
Our products are designed for the automotive industry and their customers, helping insurers identify the risk and price claims fairly while supporting the new FCA rules. Our whole market data offers an unbiased data driven view allowing insurers to see the full picture of the entire market.
Contact the team to learn more about how Cazoo Data Services tools can support your insurance business while staying compliant.