HomeNews & IdeasPerspectivesRate Manipulation

Rate Manipulation

Customers are using the knowledge they gained from shopping to manipulate rates more. Modern quotation systems make it easy for customers to run multiple rate scenarios, omitting drivers, switching addresses or transferring commercial vehicles to personal policies. Today’s extreme financial pressures and the relative anonymity of direct channels are making these types of frauds more common.

Auto rate manipulation is defined as: The submission of a quote or application with false, misleading or omitted information with the objective of reducing the insurance premium.

Share

Leave a Reply

Your email address will not be published. Required fields are marked *

Interested?
Let us show you just how much faster and better auto and homeowners insurance underwriting can be.
Experience a live customized demo, get answers to your specific questions, and find out why IdFusion is the right choice for your organization.
Please enable JavaScript in your browser to complete this form.
Stay in touch
Sign up for VeracityID emails to be the first to see new content and news.