Connexion Mobility ties up with Modives on insurance verification
Automotive company Connexion Mobility has teamed up with insurance verification and monitoring company Modives to bring identity and insurance verification to the automotive space.
Connexion Mobility's network of dealership customers can now improve their risk management for courtesy fleets.
According to the company, outdated verification processes result in various costs including vehicle downtime, repair expenses, business interruptions and liability risks.
Moreover, recent updates to the Federal Trade Commission's Safeguards Rule now impose new compliance obligations on auto dealerships, OEMs and lenders.
Failure to meet these requirements, including proper verification of insurance coverage, can lead to fines of up to $51,744 per violation.
CheckMy Driver, Modives' patent-pending insurance verification app, along with CheckMy ID represent a secure, automated, real-time solution for insurance and identity verification, meeting new compliance requirements.
The system helps protect customer data and reduce dealership liability.
This partnership integrates CheckMy Driver and CheckMy ID into Connexion Mobility's fleet and rental management platform to improve operational efficiency for dealers.
The integration is said to enhance efficiency in operations, reduce risk and result in better consumer experience with Express Check-in and a higher dealer Customer Satisfaction Index (CSI) rating.
By using insurance and identity data, dealerships can identify sales opportunities for upgrades, new cars and products such as warranties and vehicle service contracts (VSCs).
Connexion Mobility CEO Aaryn Nania said: 'By turning routine transactions into strategic opportunities, we are not only enhancing customer experiences and protecting OEMs and dealers' businesses but also helping our dealers uncover new revenue potential. CheckMy Driver and CheckMy ID are the perfect complement to our mission of delivering valuable innovation to the automotive industry.'
Modives CEO Fred Waite stated: 'By integrating CheckMy Driver and CheckMy ID into their dealers' workflows, Connexion not only empowers dealers to mitigate risks but also leverages the resulting unique customer data for revenue-generating activity.'
"Connexion Mobility ties up with Modives on insurance verification " was originally created and published by Life Insurance International, a GlobalData owned brand.
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