How can carriers benefit from idQuoteMonitor?
• Identifies the up to 10% of applications that contain rate evasion or related fraud indicators at POS
• Leverages carrier and third party web services to identify serial applicants and policyholders where driver, address, and demographic representations are inconsistent
• Engages customer in active dialog about the identified risks and enables resolution or discourages/prevents current and future fraud attempts
• Reduces loss ratio and prevents premium leakage that may exceed 5% of first year NPW