ChoicePoint Claims Solutions - Carrier Identification

Carrier Identification

Most claims are legitimate, but many are fraudulent. ChoicePoint has a data solution that can help you address certain fraud indicators. ChoicePoint’s Carrier Discovery, a contributory database of personal auto policy information from the P&C industry, helps insurers improve claims outcomes by determining if a claimant is insured, by whom, and whether there are multiple policies or multiple claims for the same damage.

The Carrier Discovery database is:

Reliable – Data contributions come directly from auto carriers.
Current – 90% of contributions occur daily or weekly (balance occurs monthly).
Deep – Participating carriers currently represent almost 70% of the total U.S. personal auto market.
Robust – Information fields include policy number, carrier name, coverage type, driver names, vehicle details, and policy inception, cancellation, endorsement and renewal dates.

Benefits:

Reduces number of “Carrier to Carrier” claims processed for recovery.
Cuts administrative costs, such as carrier denial letter.
On average, recovery of $2,500.
Quickly identifies suspicious inception dates.

For more information about Carrier Discovery, please click here.