A ‘Ghost Broker’ is an unauthorized person who helps drivers get legally required auto proof of insurance for a fee. Typically, the policy is issued but no premium is ever paid so both drivers and carriers are defrauded. These brokers typically change location and identity often to avoid detection.
By detecting high volumes of new policy transactions in specific locations and automatically adding underwriting or payment requirements VeracityID eliminates this cheat. And as the behavior of Ghost Brokers changes, VeracityID rapidly changes with it. All without requiring costly, time-consuming core system changes.
