TrustMark™ Risk Scores - Reflect VeracityID’s proprietary approach to measuring the fraud risk level associated with an entity in a carrier’s social network.
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.
How can carriers benefit from TrustMark scores?
• 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