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March 31, 2010 in User Contributed
How to spot rate evasion before it hits your book
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Rate evasion costs personal line auto carriers more than $16 billion a year--almost 10% of net premiums. Identifying it and managing it early can offer a significant competitive advantage. Learn how you can address rate evasion in real time at the point of sale to avoid the effects undisclosed risk can have throughout the policy lifecycle.
Diana Small, director of insurance solutions for TransUnion, explains how auto carriers are now able to significantly reduce the impact rate evasion has on their book of policies. Learn how it works.
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