Take on premium leakage and underwriting fraud with data-driven insights across the policy life cycle.
Annual premium leakage for the industry1
Decline in application integrity2
ROI from prioritized pursuit of missing premium over policy life cycle3
Leverage one of the most advanced predictive models for underwriting available to the personal auto market. RISK:check Point of Sale acts like a stoplight to fast-track low-risk applicants and guide additional due diligence for prospects with a higher risk of fraud.
4 out of 10 policies change drivers, vehicles, or address each year1. RISK:check Renewal is a sophisticated system that can help you uncover flaws in rating data quickly and efficiently.
Correct rating errors and recover lost premium with an effective and efficient policyholder contact solution. Leading personal auto insurers are widening the gap with their competitors by elevating the customer experience and ensuring profitable retention with Precision Reunderwriting.
Three large national auto insurers were looking to deepen their understanding of a conundrum many insurers share: Their loss ratios were rising at an alarming rate.Download Now
Personal auto insurers have at least a $29 billion annual problem: premium leakage—omitted or misstated underwriting information that leads to inaccurate rates.Download Now
1. The Challenge of Auto Insurance Premium Leakage, Verisk, 2017
2. Application Integrity: The Whole Truth, Verisk, 2017
3. The Challenge of Auto Insurance Premium Leakage, Verisk, 2017