Underwriting fraud isn’t subtle-it’s just that most carriers haven’t done the work to automate detection and elimination in the limited time available. But it’s never been easier to turn risk insights into bottom line results. Here’s a few things every carrier should be able to do on every quote, application, endorsement or renewal:
🔍 Identify quote changes from pre-fill: flag mismatches fast
🔁 Spot serial quote edits: especially to rating-critical data
📸 Capture garage and vehicle images: verify address, spot pre-existing damage
📄 Request and review documents: confirm driver status, ownership, and garaging
🧩 Track quote behavior across agents: uncover serial manipulators
📉 Monitor cancellation rates by producer: churn is a warning sign
🔄 Flag excessive endorsements: use change as the opportunity to re-underwrite the in-force book
⏱ Track the sequence and time between effective date, endorsements, and claims—expose non-listed drivers and claim setup behavior
But for these strategies to be effective, they need to be executed during transactions. That requires automation that is not focused on speeding the transaction but on getting the risk right. Not on every risk, just on the ones with facts that don’t add up.
