Workers Comp: Lowballing Headcounts 
Water Wishful Thinking 
False or Omitted Asset Details 
Commercial Use 
Wrong Address 
Underwriting fraud isn’t hard to find and stop – if you’re prepared 
What’s next: The Insurtech shift toward real-time risk mastery 
Bundling isn’t a strategy idFusion Tools
What is TrustMark Risk Scores?
TrustMark risk scores employ rigorous modeling techniques to a wide array of customer application, policy and claims behavioral indicators to assign and continuously update risk levels associated with each driver or claimant in a carrier network.
Why do I Need This Tool?
Underwriters have a host of time-consuming exceptions to manage – with more constantly emerging. The result is that they are unable to adequately address many types of exposure – they simply don’t have the bandwidth. In combination with idRuleBuilder and idMobile, idDocReader eliminates time consuming document review tasks and drives more accurate and complete underwriting of risks.
Benefits
- Identify applicants and endorsements likely to contain ‘bad’ actors or drive suspicious claims
- Materially reduce loss ratios on high risk applications by modifying policy terms and payment conditions during active customer sessions
- Create robust ‘tip & lead’ indicators for when claims or billing events occur on policies with high risk scores
- Identify emerging networks of entities with high risk scores for investigation
Case Example
How a Top Auto Carrier Harmonized Underwriting Standards Across Channels and Writing Companies – Ensuring Risk Selection Consistency
