Superior Risk Selection Drives Profitable Growth
Accelerate Innovation at point of sale in minutes, not months
Automated Risk Selection and CX Solutions designed to benefit your bottom line today.
MINIMIZE FRAUD & UNDERMANAGED RISK
DRIVE DOWN LOSS RATIOS
INNOVATE WITHOUT IT RESOURCES
CONVERT MORE OF THE BUSINESS YOU WANT
Pick the risks you want. Skip the ones you don’t.
Every customer is unique, every interaction an indicator of risk and reward. But only if you can read the signals and respond to the many exceptions and workflow variations they drive. And because changing core systems is time consuming and costly, carriers believe they have no choice but to endure increased risk and lost opportunities.
VeracityID gives your business teams powerful tools to build countless solutions to these opportunities in minutes, not months. Solutions that complement carrier core systems without requiring IT.
Now you have a choice.
Features That Deliver Value From Day One
How it works
Fuse customer and agent data into lifecycle views of individual and book performance, events and risks
Book studies signal risk trends and opportunities by geography, channel, customer/agent attribute, and more
Customer and Agent attributes, behaviors and history are fused together to drive unique views of individual policy risk
Social Network Analytics are used to identify suspicious connections and emerging fraud networks
Business users can create, test and deploy micro-targeted CX and risk selection workflow without IT resources
When elevated risk is detected, micro-targeted rules and interventions engage customers and agents in highly focused virtual underwriting interaction.
When an attractive risk is detected, idFusion can be configured to offer additional features and benefits designed to increase close rates.
Rapidly adapt to changing market conditions across channels, geographies, writing companies and market segments
Business users can now detect, analyze and rapidly develop solutions to challenges as they emerge—allowing them to target exponentially more opportunities with an increasingly fine segmentation of risks and CX
THE RESULT? BETTER LOSS RESULTS AND A HIGHER CONVERSION RATE.
IDFUSION focuses the entire organization on what matters
Enhanced Customer Data for Claims and SIU
Delivers POS information to adjusters and investigators at point of claim, including complete record of lifecycle behaviors, images, claims, analytics, attests and records.
COMMON VIEW OF CUSTOMER ECONOMICS
Delivers detailed economic analysis of returns by customer, channel, market, agent, writing company and more. Enables ‘how many how much’ new rule valuation using the existing book.
EASILY COLLABORATE BETWEEN TEAMS AND DEPARTMENTS
Embeds claims and SIU Insights into underwriting and fraud prevention at POS. Enables seamless solution sharing across geographies, channels and writing companies.
IT Force Multiplier
idFusion’s powerful self-service solutions building tools “Liberate” scarce IT Resources so they may focus on strategic initiatives.
idFusion unites the entire organization around the "Power of Now"
News & Insights
How will insurance regulators evaluate AI/Black Box underwriting decisions?
There is quite a bit of auto insurance industry activity and discussion around using AI machine learning models to identify bad risks […]
What Progressive’s 3rd Quarter homeowner’s losses tell us
First the obvious: Unique among its large carrier peers, Progressive participates in the Florida market and Hurricane Ian is responsible for its […]
Why do auto Insurers experience so much rate manipulation at point of sale?
The auto insurance industry has a fraud and premium leakage problem at the point of sale. Industry studies and our own work […]