ベンダー
English

Insight Score for Insurance

Create a vendor selection project
Click to express your interest in this report
Indication of coverage against your requirements
A subscription is required to activate this feature. Contact us for more info.
Celent have reviewed this profile and believe it to be accurate.
We are waiting for the vendor to publish their solution profile. Contact us or request the RFX.
Projects allow you to export Registered Vendor details and survey responses for analysis outside of Marsh CND. Please refer to the Marsh CND User Guide for detailed instructions.
Download Registered Vendor Survey responses as PDF
Contact vendor directly with specific questions (ie. pricing, capacity, etc)

Overview

Insight ScoreTM for Insurance is an alternative-data risk score developed using exclusive Telecom, Cable-TV and utilities data not included in the existing credit file. It is used as a complement to credit-based insurance risk scores and improves segmentation enabling carriers to more accurately align competitive quotes for prospects.

Key Features

• Comprised of account history data on discretionary services such as phones, pay television (cable & satellite) and utilities. Not part of customer’s traditional credit file.

• A lower Insight Score for Insurance score may indicate a higher risk of loss; and a higher ISI score may indicate a lower risk of loss.

• Within this construct, observed values for Insight Score for Insurance attributes that are more favorable may result in a higher score, while observed values for Insight Score for Insurance attributes that are less favorable may result in a lower score.

• Utilization of these services is broad and growing.

• Highly accurate predictor of future insurance loss risk. Provides significant growth and profit opportunities.

• Powerful lift over and above present rating variables. Validation loss ratios lift of 1.30 across deciles.

• Flexible delivery via online and offline (batch) delivery of the score

• Additional delivery via select data and analytics partners

• Multiple billing options

Key Benefits

• FCRA compliant, following standards established to ensure consumers are fairly treated and have reason codes related to their specific score

• Coverage for 230 million consumers, 30 million of which are not included in the traditional credit file

• Filed and approved by tier-1 carrier in eighteen states (as of September 2018)

• Insight Score for Insurance will be translated by carriers into rating relativities suitable for traditional multi-rating algorithms.

製品/サービス名 details

SOLUTION OR SERVICE TYPE