Why is personal lines underwriting so technologically backward? 
Hidden Pre-existing Damage 
Garaging Fraud 
Ghost Broker Fraud 
You can’t always price right 
The storm exposes the risk. But are you ready for it? 
Auto insurance risks are changing rapidly; to survive, carriers must get far better at picking risks 
Workers comp: The ‘Volunteer’ 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
