Issue: Sep 2013


New Market Value Assessor



The fastest vehicle valuation tool for the insurance industry

by Esther Francis

Glass’s has added another new vehicle valuations tool to its portfolio - providing the insurance and bodyshop industry with the fastest possible solution for accessing and understanding historical and current vehicle data to help make total loss settlements more efficient.

Market Value Assessor can identify and value vehicles in less than 30 seconds. It uses the total loss date to accurately calculate realistic valuation offers - meaning total loss claims can be settled quickly and fairly.

David Punter, Head of Sales, Bodyshop & Insurance at Glass’s, comments: “In an industry where claims play a huge role, being able to accurately determine vehicle values is fundamental. If insurers, bodyshops and assessors understand the true worth of a vehicle, they can better determine settlement offers, saving time and money dealing with claims.

“This tool is all about giving the industry a more transparent process for managing claims settlements. Getting offers right first time means happy customers. That means increased customer retention and a notable decrease in Ombudsman referrals. Ultimately, it’s about better profitability.”

Market Value Assessor offers users a number of benefits that aren’t available with any other valuations tool:
- Faster determination of values in the industry
- Reduced claims cycle times
- Accurate market research , via relevant classified vehicle adverts, to back up settlement values
- Transparent vehicle valuation reports and assessment records
- Flexible administration configurations

With up to 24 months historic valuation data across 36,000 models, Glass’s can now offer even better insight to its customers. Market Value Assessor can be accessed online via GlassBusiness.co.uk on PC, smart phone or tablet.

Punter continues: “Glass’s is committed to continually bringing new products to market that help our customers make better business decisions. We’ve had really positive feedback from the industry so far, and I have no doubt this tool will have a really positive impact on the industry.”

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