Product

Insurance Loss and Lapse Models

With a more granular view of your customer base, you can reduce bad debt and increase profitability

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.

Product Applications

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

Contact Us

We need your consent.

TransUnion would like to send you original insight, commentary and research on data, software and analytics, early notifications of exclusive events and information about our products and services. If you would like to receive that information, please let us know using the following options

For our contact center, please call (0861) 482 482.
Alternatively, please contact your account manager directly for all other enquiries.

TransUnion is a global organization. As, part of our processing activities when your personal information is shared within TransUnion it may be transferred outside of South Africa as part of how we operate our business, which includes providing you with our products and services, conducting analytics or storage, analyzing our performance, meeting our legal obligations or conducting research and reporting.

Please read our Privacy Policy hosted in our Privacy Centre, which explains who we are, how we collect and use your personal information and how you can exercise your privacy rights.

We're sorry, your request failed. Please try again in a little while.