2. Zip Code Changes, Hidden Drivers: How Insurers Spot Quote Manipulation

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.

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.

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.

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.