Vehicle Rate Class Management Updates

December 4, 2023  Media, PA
Quadra , Software Releases

The vehicle rate classes in Quadra® are key to quantifying vehicles so auto coverages are applied properly during the allocation process.  Vehicles can be automatically classified through the vehicle rate settings in Administration or manually set as needed.  With release 9.5, we have introduced an improved querying function into the setting which provides more options in specifying vehicles for various rate classes.  

Users can now run advanced queries and select vehicles according to account.  With advanced querying capabilities, rate classes can be defined based on a wide range of factors including year, ownership type, capacity, make, or address.

Rate classes are created and managed through the tab layout which better organizes different selection tools. Under the General tab, select vehicle class:

The Account tab filters accounts:

With the advanced query tab, you can fine-tune a selection of vehicles for a specific rate class:

At AETI® we are continually working on new features to support workflows so stay tuned for additional updates!

About Quadra®

Quadra® is a SaaS solution used to manage over $40.1B in exposures across 11,700+ accounts.  This one-of-a-kind solution can accommodate all types of insurance exposures and includes over 130 categories including vehicles, real estate, structures, and payroll. The allocation feature is unique in the alternative risk market for determining the true cost of risk. Advanced reporting capabilities provide risk managers and CFOs with an exceptional tool for finding insights that control losses and improve the bottom line.  If you are interested in learning more about how Quadra can support your organization’s goals, please contact us!

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