ForMotiv’s Underwriting Risk Solutions predict various types of underwriting risk, such as likelihood to file an early claim, enabling you to act on it in real-time.
Enhance underwriting accuracy and improve your loss ratio by acting on unknown risk in real-time
In today’s digital insurance landscape, identifying and mitigating risk at the earliest stages is crucial for profitability and growth. ForMotiv’s cutting-edge Underwriting Risk Solutions empower you to predict and triage risky applications in real-time during the underwriting process.
Identify applicants who have restarted applications after being kicked out during the underwriting process.
Identify applicants likely to receive an uprate after they bind a policy.
Identify applications likely to file a claim in the first 30 days.
Identify when an applicant is likely to receive a flat cancel within the first 30 days.
Identify applications likely to miss their first payment.
Identify applications likely to churn shortly after purchasing.
ForMotiv uses real-time behavioral analysis and predictive modeling to identify subtle but critical indicators of risk during the application process, empowering you to act before unknown risks hit your bottom line.
Slice and dice your applicant and agents behavioral data with our easy-to-use Explorer and Behavioral Dashboards.
ForMotiv’s Leakage Solutions identify instances of rate evasion, premium leakage, and eligibility leakage during the application process enabling you to act in real-time.
ForMotiv’s Fraud Solutions helps carriers identify and act on malicious activity from both humans and non-humans in real-time.
ForMotiv’s Marketing Solutions help carriers increase gross written premium while lowering your loss ratio.
Carriers leverage ForMotiv’s Monetization Solution to monetize risky, unwanted, or low-intent business.
Intelligently orchestrate 3rd party data checks based on the purchase intent and risk profile of your applicants.
Predict which users are likely to churn quickly after policy issue.
Easy, light-weight Javascript integration. Zero performance degradation.
5,000+ behavioral data points captured in each application. Accessible in real-time or batch file.
Granular, curated 1st-party data easily combined with your existing data sets
Capture dozens of intuitive behaviors like Hesitation, Error Rate Collections, Cognitive Loads, and more
Zero PII Captured. GDPR, CCPA & PIPEDA Compliant
