Solving The Profitability Puzzle - Addressing Auto Insurance Quote Manipulation
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Insurers should understand the importance of proactive measures by carriers, especially in agent-driven channels, to combat 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.
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.
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.
Following best practices for combating quote manipulation means integrating robust verification tools into insurers workflows.
