For the Irish General Insurance Market

 

Industry-leading, value-added services focused on fraud detection, peer-to-peer market comparison, risk control, and process automation for the Irish general insurance market.

Data and analytics tools help insurers more accurately assess risk and identify fraud to reduce premium leakage.

Data enrichment service helps identify key indicators of risks with higher claims ratios and frequencies

Get actionable intelligence through real-time scoring at point of quote, policy inception, and loss and a predictive risk assessment framework that incorporates known predictors of fraud to help identify risks with higher claims ratios or frequencies. Predictors include:

 
  • Insurance and claims data
  • Vehicle information
  • County court judgments
  • Tax defaulters register
  • Company credit rating
  • Spatial risk data
  • Private data sources

Extensive peer-to-peer comparison and tracking of company KPIs provide a holistic view of the market.

Insurance analytics help you gain insight into key market performance and risk indicators

In-depth analysis of the general insurance and motor market via cross-platform analytics and visualization technology—including analysis of statutory returns by insurers to the Central Bank of Ireland and directly sourced data from insurers and third parties—provide:

  • Revenue analysis
  • Market profiling/market mix
  • Key ratios
  • Claims, reserving, and risk analysis
  • Motor market statistics

Vehicle services offer accurate information on all vehicles registered in the Republic of Ireland and the United Kingdom

Streamline processes, increase information accuracy and assess risk, with customised details about a vehicle's physical attributes, current status, history, insurance rating codes, and risk indicators via configurable platforms tailored to your requirements. Vehicle data captured from multiple sources includes:

 
  • Vehicle attributes
  • Vehicle status and usage history
  • Vehicle write-off information
  • Finance status
  • Technical data
  • Insurance group rating
  • Parts
  • Other associated vehicle data

Verisk provides 95 per cent market coverage of claims information

Claims categories include:
Motor injury, vehicle damage, commercial property, and public and employer liability

Industry services help insurers, self-insurers and state/semi-state bodies disrupt fraud

InsuranceLink offers a centralised claims database, containing details of claims by individuals against insurance policyholders or directly against self-insured members of the service to identify repetitive claimants and potential fraud at a market level.

Verisk works with Insurance Ireland, the official representative body for Irish insurance companies, and the self-insured task force in the delivery of industry scoped services to their members. The task force comprises various state bodies and commercial organisations exposed to potential claims fraud. See a complete list of service members.