https://site-43624231.bcvp0rtal.com/detail/video/6350079965112/1.-misleading-quotes-mispriced-risks:-the-growing-problem-of-insurance-fraud 2024-06-18T13:26:03.591Z https://cf-images.us-east-1.prod.boltdns.net/v1/jit/819002453001/19567b3c-f337-41b2-887e-102e6413df0d/main/1280x720/1m9s813ms/match/image.jpg 1. Misleading Quotes, Mispriced Risks: The Growing Problem of Insurance Fraud Quote manipulation refers to the deliberate provision of inaccurate information by either the insurance agent or the consumer during the quotation process to secure a more favorable insurance rate. https://players.brightcove.net/819002453001/BJQQDtMCe_default/index.html?videoId=6350079965112 140 2024-04-01T14:10:44.278Z quotemanipulation24 Webinar Highlights https://site-43624231.bcvp0rtal.com/ https://site-43624231.bcvp0rtal.com/detail/video/6350081030112/2.-zip-code-changes-hidden-drivers:-how-insurers-spot-quote-manipulation 2024-06-18T13:26:03.827Z https://cf-images.us-east-1.prod.boltdns.net/v1/jit/819002453001/fe53ba85-d5a0-4b66-a56e-8c3511b9420a/main/1280x720/2m13s696ms/match/image.jpg 2. Zip Code Changes, Hidden Drivers: How Insurers Spot Quote Manipulation From a consumer perspective, quote manipulation involves deliberately providing false or misleading information to insurance companies to secure lower premiums for auto or homeowner's insurance. https://players.brightcove.net/819002453001/BJQQDtMCe_default/index.html?videoId=6350081030112 267 2024-04-01T14:10:44.973Z quotemanipulation24 Webinar Highlights https://site-43624231.bcvp0rtal.com/ https://site-43624231.bcvp0rtal.com/detail/video/6350081231112/3.-the-secret-world-of-insurance-quote-adjustment:-how-agents-play-the-system 2024-06-18T13:27:24.667Z https://cf-images.us-east-1.prod.boltdns.net/v1/jit/819002453001/5449c965-7149-4581-80f5-269d3ab037c3/main/1280x720/1m28s586ms/match/image.jpg 3. The Secret World of Insurance Quote Adjustment: How Agents Play the System The agent component of quote manipulation involves insurance agents using their knowledge of the insurance system to alter information and secure lower premiums for clients. https://players.brightcove.net/819002453001/BJQQDtMCe_default/index.html?videoId=6350081231112 177 2024-04-01T14:10:45.082Z quotemanipulation24 Webinar Highlights https://site-43624231.bcvp0rtal.com/ https://site-43624231.bcvp0rtal.com/detail/video/6350079571112/4.-agent-driven-channels-exhibit-higher-rates-of-quote-manipulation 2024-06-18T13:26:04.030Z https://cf-images.us-east-1.prod.boltdns.net/v1/jit/819002453001/dc45a349-fa0f-4ee9-b72e-8a89a344f53f/main/1280x720/1m3s872ms/match/image.jpg 4. Agent-Driven Channels Exhibit Higher Rates of Quote Manipulation A specific study highlighted the practice of quoting multiple individuals from the same household on the same day to find a more favorable rate, based on who is designated as the primary insured. https://players.brightcove.net/819002453001/BJQQDtMCe_default/index.html?videoId=6350079571112 128 2024-04-01T14:10:44.409Z quotemanipulation24 Webinar Highlights https://site-43624231.bcvp0rtal.com/ https://site-43624231.bcvp0rtal.com/detail/video/6350080640112/5.-the-friction-dilemma:-how-insurers-can-stop-fraud-without-alienating-customers 2024-06-18T13:26:03.047Z https://cf-images.us-east-1.prod.boltdns.net/v1/jit/819002453001/98c65391-e86d-4a88-bd54-44a01c7213fd/main/1280x720/1m23s189ms/match/image.jpg 5. The Friction Dilemma: How Insurers Can Stop Fraud Without Alienating Customers Carriers face significant challenges when addressing quote manipulation, balancing the need to provide a smooth customer experience for legitimate consumers while applying necessary friction to prevent fraudulent activities. https://players.brightcove.net/819002453001/BJQQDtMCe_default/index.html?videoId=6350080640112 166 2024-04-01T14:10:45.056Z quotemanipulation24 Webinar Highlights https://site-43624231.bcvp0rtal.com/ https://site-43624231.bcvp0rtal.com/detail/video/6350079572112/6.-beyond-the-surface:-insurers-deploy-sophisticated-tools-to-uncover-quote-manipulation 2024-06-18T13:26:03.929Z https://cf-images.us-east-1.prod.boltdns.net/v1/jit/819002453001/18da2a83-a854-4a40-9706-7e1c63d630c4/main/1280x720/1m26s378ms/match/image.jpg 6. Beyond the Surface: Insurers Deploy Sophisticated Tools to Uncover Quote Manipulation To address the issue of quote manipulation, the fundamental strategy for carriers revolves around rigorous verification processes. https://players.brightcove.net/819002453001/BJQQDtMCe_default/index.html?videoId=6350079572112 173 2024-04-01T14:10:44.413Z quotemanipulation24 Webinar Highlights https://site-43624231.bcvp0rtal.com/ https://site-43624231.bcvp0rtal.com/detail/video/6350079570112/7.-data-analysis-key-to-detecting-insurance-agent-quote-manipulation 2024-06-18T13:26:04.118Z https://cf-images.us-east-1.prod.boltdns.net/v1/jit/819002453001/5b811b90-90a4-4ade-a1fa-40060d7199a2/main/1280x720/2m29s56ms/match/image.jpg 7. Data Analysis Key to Detecting Insurance Agent Quote Manipulation Insurers should understand the importance of proactive measures by carriers, especially in agent-driven channels, to combat quote manipulation. https://players.brightcove.net/819002453001/BJQQDtMCe_default/index.html?videoId=6350079570112 298 2024-04-01T14:10:44.301Z quotemanipulation24 Webinar Highlights https://site-43624231.bcvp0rtal.com/ https://site-43624231.bcvp0rtal.com/detail/video/6350081627112/8.-the-digital-watchdog:-insurance-carriers-use-behavioral-analytics-to-prevent-fraud 2024-06-18T13:26:02.912Z https://cf-images.us-east-1.prod.boltdns.net/v1/jit/819002453001/3686365f-f3e2-4e17-923f-b25339948cc8/main/1280x720/1m12s917ms/match/image.jpg 8. The Digital Watchdog: Insurance Carriers Use Behavioral Analytics to Prevent Fraud Advancements in quote management and policy management systems have made it easier for carriers to identify patterns of quote manipulation by agents. https://players.brightcove.net/819002453001/BJQQDtMCe_default/index.html?videoId=6350081627112 146 2024-04-01T14:10:44.975Z quotemanipulation24 Webinar Highlights https://site-43624231.bcvp0rtal.com/ https://site-43624231.bcvp0rtal.com/detail/video/6350079966112/9.-identity-checks-at-quote-inception-essential-for-cost-savings-risk-pricing 2024-06-18T13:26:03.330Z https://cf-images.us-east-1.prod.boltdns.net/v1/jit/819002453001/7fb7177d-9c3b-4e8f-94cd-6f31e09f17a4/main/1280x720/1m14s517ms/match/image.jpg 9. Identity Checks at Quote Inception Essential for Cost Savings, Risk Pricing Integrating identity verification at the very beginning of the quote process is a crucial strategy for carriers to manage quote manipulation and other identity risks effectively. https://players.brightcove.net/819002453001/BJQQDtMCe_default/index.html?videoId=6350079966112 149 2024-04-01T14:10:45.060Z quotemanipulation24 Webinar Highlights https://site-43624231.bcvp0rtal.com/ https://site-43624231.bcvp0rtal.com/detail/video/6350080044112/10.-best-practices-how-real-time-verification-is-transforming-quite-accuracy 2024-06-18T13:26:03.165Z https://cf-images.us-east-1.prod.boltdns.net/v1/jit/819002453001/52f8644b-2421-48c2-9db0-b1bb1a4801f6/main/1280x720/1m3s274ms/match/image.jpg 10. Best Practices How Real-Time Verification is Transforming Quite Accuracy Following best practices for combating quote manipulation means integrating robust verification tools into insurers workflows. https://players.brightcove.net/819002453001/BJQQDtMCe_default/index.html?videoId=6350080044112 127 2024-04-01T14:10:44.229Z quotemanipulation24 Webinar Highlights https://site-43624231.bcvp0rtal.com/ https://site-43624231.bcvp0rtal.com/detail/video/6350079569112/11.-comprehensive-data-analysis-is-essential-to-identify-quote-manipulation 2024-06-18T13:26:03.679Z https://cf-images.us-east-1.prod.boltdns.net/v1/jit/819002453001/015d9c23-8688-41b1-bac5-17a95a400022/main/1280x720/1m56s608ms/match/image.jpg 11. Comprehensive Data Analysis is Essential to Identify Quote Manipulation Insurers should follow a multifaceted approach to effectively address quote manipulation. https://players.brightcove.net/819002453001/BJQQDtMCe_default/index.html?videoId=6350079569112 233 2024-04-01T14:10:44.211Z quotemanipulation24 Webinar Highlights https://site-43624231.bcvp0rtal.com/ https://site-43624231.bcvp0rtal.com/detail/video/6350081739112/12.-how-understanding-risk-pooling-can-discourage-quote-manipulation 2024-06-18T13:26:02.779Z https://cf-images.us-east-1.prod.boltdns.net/v1/jit/819002453001/ed51c616-acd4-4127-95da-d80b3d68852b/main/1280x720/3m13s600ms/match/image.jpg 12. How Understanding Risk Pooling Can Discourage Quote Manipulation Consumers and agents should both become aware of the dangers of quote manipulation. https://players.brightcove.net/819002453001/BJQQDtMCe_default/index.html?videoId=6350081739112 387 2024-04-01T14:10:44.215Z quotemanipulation24 Webinar Highlights https://site-43624231.bcvp0rtal.com/