One common form of rate evasion in Auto is when a different, lower risk address is given during the quoting process. Even though the vehicle is kept at a higher-risk location. Typically, once the policy is issued, the billing address is changed to the real location but the insurer fails to change the rating address, leaving them with a higher risk than the premium justifies.
By closely monitoring additions and deletion of drivers throughout the policy lifecycle and then intervening in transactions, VeracityID detects and eliminates this cheat. Without requiring costly, time-consuming core system changes.
