Auto Insurance Carriers

Get verified policy data in real time plus advanced analytics to make more profitable underwriting decisions across the policy lifecycle—from quote, to renewal to claims.

Make more profitable offers with deeper insights into the industry.

Target key prospects and get better lift in your marketing campaigns with keen insight into the marketplace. Build smarter, customized strategies; maximize response and conversion rates; and deliver the right offers at the right time.

Acquisition Triggers

Leverage four intelligent, predictive scores daily for more proactive underwriting strategies.

Prescreens

Get an in-depth understanding of the marketplace to find your most profitable prospects.

Aggregated Credit Data

See a summary level view of credit activity in a specific geography for more profitable marketing programs.

Increase premium capture and provide a better customer experience.

Between agents, call centers and websites, it’s critical for auto insurance carriers to verify applicant data and identify risk factors in each point-of-sale process to make the best underwriting decisions. Identify profitable risks accurately at this stage and you can increase premium capture while decreasing losses to create your competitive advantage.

Create point-of-sale efficiency through each distribution channel

  • Automate workflow processes
  • Verify applicant-provided data in real-time
  • Increase premium capture
  • Enhance the customer experience
  • Reduce abandoned applications

A leading auto insurance carrier found that by validating just 50 policies a day with TransUnion Risk Verification Platform, it could have generated nearly $15 million per year in additional premiums.

*TransUnion LLC, December 2009

Verify key policy data in real-time to create more accurate, bindable applications

TransUnion insurance solutions combine data, analytics and decisioning technology with industry expertise to provide centralized access to the critical underwriting data you need—for each point-of-sale channel. That way, you can operate more efficiently and drive more revenue.

DriverRiskSM
powered by Drivers History

Order only the MVRs you need and increase revenue surcharge opportunities.

Risk Verification Platform

Establish a simple, centralized point of access to verified data.

Vehicle History Score

Receive a vehicle score at the point-of-quote for greater risk segmentation.

Easy Apply

Let applicants provide just four digits of their Social Security number for their initial quote.

Insurance Risk Scores

Leverage standard or customized scores for more accurate rates at the point of sale.

Manage your portfolio to limit unanticipated risk.

To maintain premiums that are both competitive and profitable, you need to detect changing risk factors at all phases of policy administration. That way, you can reduce your exposure, retain your best policyholders, and improve the customer experience.

Identify potential issues and take quick action

When the underwriting risk associated with a given policyholder increases, so should the rate. When another policyholder is shopping for new rates, maybe it's time to see if you can safely reduce the rate. The key is knowing when to take these actions.

Monitor policies to detect new risk

TransUnion helps you verify consumer account data in real time and receive notifications when that data changes. With the right data at the right time, you can take appropriate action to maintain profitability.

Risk Verification Platform

Establish a simple, centralized point of access to verified data.

Policy Management Triggers

Identify customers who may be in the market for lower rates or additional policies.

Spot potential fraud and avoid unnecessary losses.

Most unexpected losses occur during the claims stage—and they come in different forms. Get more accurate underwriting data across the policy lifecycle to help ensure legitimate payouts and reduce claims losses with TransUnion.

Identify potential fraud and take appropriate action

By combining more accurate consumer data with advanced analytics, we've developed solutions to help reduce unnecessary losses at claims.

  • Verify key policyholder data to spot potentially fraudulent claims
  • Reduce delayed settlements and losses from fraud
  • Improve the overall customer experience

Monitor policies to detect new risk and protect your book

A large national carrier reported a return of $132 for every dollar spent purchasing and operating Risk Verification Platform. Since implementing the validation tool, this carrier reported a 2.6 percent drop in claim frequency.

*TransUnion LLC, December 2009

Risk Verification Platform

Establish a simple, centralized point of access to verified data.