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Insurance Loss and Lapse Models

Prudently reduce insurance-based risk and increase profitability with TransUnion’s loss ratio and lapse score

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Manage credit risk more effectively and increase your profitability

By using the predictive power of our insurance models, you can quantify risk to set more accurate rates, improve efficiencies, attract new policyholders and increase the value of existing policyholders. The Insurance Loss Ratio and Lapse Models predict the likelihood of a consumer having a high loss ratio or lapsing within 3, 6 or 12 months after the inception/renewal date. These models are calibrated using predictive variables and provide customers with greater insight into policyholder behaviour than ever before.

With access to deeper insights obtained from these models, businesses can swiftly profile and identify customers who could be at risk of churn, and retain customers who are likely to be profitable. This allows them to move away from blanket increases at renewal by adjusting pricing according to an individual’s risk profile.

Confidently grow your customer base and improve profitability

Loss and Lapse Models for account origination

Implement strategies to take on a predetermined mix of customers based on their likelihood to lapse and their potential loss behaviour – thereby increasing your profitability.

Loss and Lapse Models for account management and collections

Implement strategies to proactively retain good clients less likely to lapse whilst proactively retaining good clients likely to be profitable.

Product Highlights
  • Identify potential customers based on their likelihood to lapse and their potential loss behaviour and profitability

  • Increase conversion rates by streamlining onboarding processes through automation

  • Grow portfolios and increase profitability by refining insurance decisions, such as premium setting, payment methods, prospect selection, cross-sell / upsell opportunities and product assignment

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