Modives & Venn Launch Real-Time Renter's Insurance Verification System
A new system, a collaboration between Modives and Venn, enables instant verification of car insurance status. This innovative solution streamlines processes for both drivers and insurance providers in the auto insurance marketplace, with support from insurance giants State Farm and Progressive Insurance.
The system, integrated into Venn's driver operating system, uses Modives' CheckMy Driver platform to confirm insurance status in real-time via AI. Drivers can secure coverage immediately, choose from various auto insurance quotes, or be automatically enrolled in a master liability programme. Insurance providers can monitor compliance seamlessly.
Modives CEO Frederick Waite sees this integration as a risk reducer and a value-add for compliance. Venn's partnerships head, Oz Ganon, views the collaboration as a shared ecosystem driving exponential growth.
The partnership between Modives and Venn simplifies car insurance processes for drivers and providers. With instant confirmation and real-time tracking, the new system aims to reduce risk and administrative workload, thanks to the support of major auto insurance companies.
