As an insurer, you may be able to leverage Equifax consumer information in connection with the underwriting of insurance. Equifax consumer data has shown a direct correlation between lower credit scores and those individuals who submit claims, in particular, fraudulent claims. Without leveraging credit information to determine insurance premiums for customers, you may be missing out on an opportunity to reduce your company's exposure to risk and to be more profitable, while at the same time helping your customers save money. That's a win-win for your organization and customers alike!
Acquire and Retain More
As an insurer, you may be able to leverage Equifax consumer information in connection with the underwriting of insurance. Equifax consumer data has shown a direct correlation between lower credit scores and those individuals who submit claims, in particular, fraudulent claims. Without leveraging credit information to determine insurance premiums for customers, you may be missing out on an opportunity to reduce your company's exposure to risk and to be more profitable, while at the same time helping your customers save money. That's a win-win for your organization and customers alike!