Reducing Rate Leakage

Social network analysis reveals evasion through “connections” between related persons, addressed and vehicles.

NWP Lost to Undisclosed Drivers in New Business

5%
Average Cost Per Successful Rate Evasion Attempt
$400

Challenge

Rate evasion frequently revealed in application behavior and policy history.

Solution

Fuse live application data with application and policy history to discern rate or risk impacting changes at POS and endorsement.

Other Case Examples

[VeracityID Helped a Major Auto Carrier Reduce “Undisclosed Driver” Rate Manipulation](/content/case-examples/veracityid-helped-a-major-auto-carrier-reduce-undisclosed-driverrate-manipulation/ "VeracityID Helped a Major Auto Carrier Reduce “Undisclosed Driver” Rate Manipulation"/index.html)

[VeracityID Helped a Major Auto Carrier Reduce “Undisclosed Driver” Rate Manipulation](/content/case-examples/veracityid-helped-a-major-auto-carrier-reduce-undisclosed-driverrate-manipulation/ "VeracityID Helped a Major Auto Carrier Reduce “Undisclosed Driver” Rate Manipulation"/index.html)

[Rapidly Deploy Dozens of Carrier New Agency & Channel Specific Risk Selection and Fraud Management Real-Time Rules](/content/case-examples/quickly-establish-real-time-risk-rules/ "Rapidly Deploy Dozens of Carrier New Agency & Channel Specific Risk Selection and Fraud Management Real-Time Rules"/index.html)

[Rapidly Deploy Dozens of Carrier New Agency & Channel Specific Risk Selection and Fraud Management Real-Time Rules](/content/case-examples/quickly-establish-real-time-risk-rules/ "Rapidly Deploy Dozens of Carrier New Agency & Channel Specific Risk Selection and Fraud Management Real-Time Rules"/index.html)

[How Veracityid Stops Premium Write-offs and Early Cancellation in New Business](/content/case-examples/how-veracityid-stops-premium-write-offs-and-early-cancellation-in-new-business/ "How Veracityid Stops Premium Write-offs and Early Cancellation in New Business"/index.html)

[How Veracityid Stops Premium Write-offs and Early Cancellation in New Business](/content/case-examples/how-veracityid-stops-premium-write-offs-and-early-cancellation-in-new-business/ "How Veracityid Stops Premium Write-offs and Early Cancellation in New Business"/index.html)

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30 minutes

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