Insurance

Reduce risk upfront, manage risk at renewal and claims, and identify new market opportunities by better predicting policyholder behaviour and protecting against fraud. Our solutions combine credit bureau information, insurance industry data hosted by TransUnion, models developed by TransUnion Analytic and Decision services and automotive-specific information from TransUnion Auto Information Solutions.

We can bring our extensive industry experience and strength in data and analytics to your company in:

• Marketing Solutions—Target individuals most likely to purchase a policy. Identify and acquire policy holders likely to be the most profitable.

• Risk Management—Reduce risk and make faster, accurate decisions. By applying our advanced analytics and decisioning to highly predictive credit data and insurance expertise, you can rate individuals before underwriting, maintain acceptable loss ratios and identify policy holders most likely to lapse.

• Policy Management—Reduce your lapse and loss ratios and price appropriate premiums at renewal by applying credit data to predict insurance specific outcomes. Integrate credit data into your decision-making to better prioritise collections and streamline your claims processing.

• Fraud Management—Mitigate financial and reputational impact in the event of a breach. Verify an individual’s assets, identify and prevent fraud through proactive alerts. Trace policy holders who are suspected of committing fraud.

It is more important than ever for an insurer to manage vehicle-related risk at the underwriting and renewal stages. TransUnion Auto Information Solutions is a key source of vehicle information to make informed decisions when insuring vehicles. Get accurate vehicle valuations to determine premiums and accurate claims payouts with TransUnion’s Auto Dealers’ Guide.

Make more accurate risk decisions with a comprehensive view of insurance risk across the industry. Collaborative data pooling makes it possible to build a single, integrated view of policyholders, their assets and previous performance or location. When you share data with TransUnion, you enjoy easy access to up-to-date information on all short-term claim and policy information. You can eliminate guesswork, streamline claims processing, make consistent risk assessments before underwriting and lower the cost of writing business.