Predict the likelihood of a consumer lapsing on their policy within the first six months of inception
or renewal on brokered and direct policies.
Quickly identify potential lapses and offer competitive rates to customers before issuing or renewing a policy.
Tap into greater customer behaviour and pricing sensitivity insights for profitable upsell and cross-sell decisions.
Access the latest CreditVision trended variables, refined segmentation and newer modelling techniques for better differentiation in lapse probabilities.
Access rich data to prevent high acquisition costs and policy lapses.
By combining enhanced algorithms, new modelling techniques and trended data, CreditVision Lapse Predictor helps score and predict the risk of customers lapsing on new or renewed policies — even for delinquent and thin-file customers.
The CreditVision Lapse Predictor model output includes adverse reason codes that explain each score for an improved customer experience.
Once you’ve loaded the current or prospective policyholder’s details onto our online platform, you will receive your CreditVision Lapse Predictor output almost instantly.