Target high risk properties in order to mitigate losses and price policies more effectively
Poor non-weather loss performance can be linked directly to exposures in your property portfolio where the risk has changed. Occupancy and delinquent mortgage exposures and their corresponding loss performance often go undetected and can slowly erode your non-weather loss ratio. Additionally, property fraud is on the rise and can also go undetected. That’s why TransUnion offers a powerful suite of property solutions created with current and accurate data—to help you focus on those risks that could most impact your bottom line.
Implement a complete property solution with three product options
Property Risk Verification
Receive notification at the point of sale if applicant-provided identity, address mortgage or property information triggers a possibility of fraud, unauthorized transaction or other liability or misrepresentation.
Identify properties in your portfolio that have become vacant, unoccupied, non-owner occupied and more, to help decrease exposure and better focus your inspections on the properties that could hit your bottom line the hardest.
Monitor changes in an active portfolio as they arise to help address occupancy concerns before they lead to losses.
Decrease undetected fraud at new business to improve rating plan accuracy and avoid adverse selection
Identify changes to properties in your existing portfolio to help determine if you should re-inspect, re-underwrite or not renew a policy
Receive timely notification of occupancy changes and take action to help prevent losses before they occur