From policy creation to payout, RedBook data provides the tools to help identify, set premiums, assign value, and mitigate risk in your decision making.
Make empowered claims decisions with greater accuracy and efficiency with RedBook’s real-time valuation tools, extracting exclusive and authentic daily feeds from carsales, Australia’s #1 digital auto marketplace, in addition to traditional wholesale data to provide a dynamic daily kilometre, margin and condition adjusted used car price service.
Underwriting & Asset Identification
Everything starts with accurately identifying a vehicle. From there, exploring current and future values, specifications and much more can be done with ease.
RedBook provides enhanced car and motorcycle API identification services that accurately matches a Registration or VIN to the specific car or motorcycle’s unique RedBook ID using proprietary and parallel industry data sources.
A RedBook ID (code) enables under license access to a full suite of specifications, options, imagery, and RedBook’s range of pricing & valuation services.
Even without a registration or VIN look-up API, RedBook’s database can support a comprehensive "help me choose" drop down menu solution delivering the right vehicle and details required to power origination platforms.
Commonly used by Insurers to assist with efficient and accurate quoting.
RedBook’s solution can be fully integrated within your systems via our API or accessed via RedBook’s Fleetmaster online portal solution.
Claims Assessment in Real-Time
RedBook’s Real-Time (RTV) Used Car pricing engine draws exclusive and authentic daily feeds from Australia’s largest online marketplace, the carsales network in addition to traditional wholesale data sources.
Accessed via an API, covering cars, SUVs and light commercial vehicles, RedBook can reveal daily dynamic kilometre, margin and condition adjusted used car prices, factoring in or out market (option equipped) vs base vehicle valuations.
Incorporating published pricing scores and average days to sell indicators, RedBook’s RTV solution helps you to make decisions with confidence.
Commonly used by Insurers to set agreed values, adjust premiums at renewal, or assess total loss claims requiring transparent benchmarking. Using RedBook’s services can assist in minimising risk associated with miss-identifying the asset, under insuring, settling for the right amount and avoiding escalations or disputes.
Don’t require the need for a fully integrated solution? RedBook’s RTV can also be subscribed to via RedBook’s renowned Fleetmaster online portal solution, providing your assessors ease of access to all RedBook’s services, anywhere, any time.
Vehicle Specification
Each year, RedBook research technical specification & option data for all officially imported vehicles into Australia representing upwards of 50,000 variants and 8 million data attributes.
With vehicle specification data going back to 1960, RedBook’s extensive 800+ specification attributes ensure the detail of most car on Australian roads is at your fingertips.
Whether it be the need to ascertain the emissions profile of vehicles on the road, their sizes, weights, or even electric vehicle plug type, RedBook can assist with your planning or investigative needs.
LiveMarket
LiveMarket is a leading industry marketplace dashboard, giving you a competitive edge with a real time view of market conditions for your existing inventory and inventory you intend to acquire. The benefits of LiveMarket for Insurers include:
- Benchmarking valuations against the marketplace for comparative purposes, be it claims resolution for insurance, remarketing reserve optimisation and much more.
- Understanding the volume of stock advertised online, average time to sell, days’ supply & price movements.