idFusion unites the entire organization around the "Power of Now"
Risk Scenario Analysis
Tracks transactional behavior – in quote, inter-quote changes, prior policies; suspicious connections, missing data, known bad guy, suspicious event sequences such as claims near endorsements and cancel/reinstates near a claim.
Delivers a ‘Whole customer view’ from comprehensive data idFusion maintains. Components include: expected duration, NPE, multiple product vs single, LAE per claim by type, UEP, cost to serve (frequency & type of changes, inquiries), policy size (Total Revenue), acquisition costs and cancel costs.
Hot Spot Analytics
Enable identification of high loss & high profit segments by geography, demography, channel, attributes, behavior, LTVC, risk scores and other strategic details.
Detect serial changes, serial claims within and across policies as risk and cost indicators for inclusion in origination and claims decisioning.
Streamlined and much more efficient approach to compliance, DOI requests, actuarial, risk scoring and other studies.
Graph based – frequent connections, pattern recognition that can be used to update risk scoring and customer interaction (Happy vs. Hard paths).
Monitors for high risk connections and connection trends and alerts business teams.
Flags previously investigated persons, entities and alerts when observed in an activity or closely connected to the observed.
Opportunistic Fraud Prevention
Identify recycled assets, undocumented assets/inventory and images/image capture.