PRICING SOPHISTICATION

Enrich portfolio with additional information to enhance the pricing sophistication in order to better position insurance product offer accordingly with risk in the extremely competitive market of Motor Third Party Liability.

CRIF can provide extremely granular geo-resolution analytical scores, uncorrelated with the typical pricing variables used by Insurance Companies.

Include ESG-related criteria into Customer Knowledge framework and use this information to enhance the pricing sophistication, plus fulfill regulatory disclosure on ESG matters.

CRIF can liaise with the Insurance Company to develop a bespoke ESG Technical Score that can be easily embedded into the Company’s pricing framework via API.

Enhance capability in foreseeing frauds and identify potential fraudsters not only at point of claim, but also during the underwriting phase.

CRIF can provide analytics solutions based on Data Enrichment and Machine Learning techniques to help Insurance Companies identify potential fraudsters in just few seconds, at point of quote.

Have access to state of the art information related to extreme and fast changing weather-related risks to accurately sophisticate  pricing scheme for Motor Own Damage.

CRIF can provide a very granular and up to date climate and weather-related risk score, leveraging on academic-level databases and news-based indicators, to sophisticate the Motor Own Damage pricing.