https://communities.sas.com/t5/Fraud-AML-and-Security/Misrepresentation-Impacts-for-Insurers/m-p/725187#M733 <P><div class="lia-vid-container video-embed-center"><div id="lia-vid-6238579694001w956h540r637" class="lia-video-brightcove-player-container"><video-js data-video-id="6238579694001" data-account="6058004174001" data-player="default" data-embed="default" class="vjs-fluid" controls="" data-application-id="" style="width: 100%; height: 100%;"></video-js></div><script src="https://players.brightcove.net/6058004174001/default_default/index.min.js"></script><script>(function() { var wrapper = document.getElementById('lia-vid-6238579694001w956h540r637'); var videoEl = wrapper ? wrapper.querySelector('video-js') : null; if (videoEl) { if (window.videojs) { window.videojs(videoEl).ready(function() { this.on('loadedmetadata', function() { this.el().querySelectorAll('.vjs-load-progress div[data-start]').forEach(function(bar) { bar.setAttribute('role', 'presentation'); bar.setAttribute('aria-hidden', 'true'); }); }); }); } }})();</script><a class="video-embed-link" href="https://communities.sas.com/t5/video/gallerypage/video-id/6238579694001">(view in My Videos)</a></div></P> <P>&nbsp;</P> <P>For P&amp;C insurers&nbsp;who sell through websites or apps, the issue of misrepresentation is extremely important. The ability&nbsp;of an a new online customer to manipulate rating factors means they can often significantly reduce the end premium they pay . This is important to the insurer because they receive a reduced risk premium, but it has wide ranging impacts on their overall profitability. Analytics help ID those that are customer gaming and allows an insurer&nbsp;to record the misrepresentation and correct it or even cancel&nbsp;the policy.&nbsp;<SPAN>&nbsp;This short video outlines the impact beyond the reduction in premium paid.</SPAN></P> Wed, 10 Mar 2021 16:20:40 GMT vincentgrosso 2021-03-10T16:20:40Z https://communities.sas.com/t5/Fraud-AML-and-Security/Misrepresentation-Impacts-for-Insurers/m-p/725187#M733 <P><div class="lia-vid-container video-embed-center"><div id="lia-vid-6238579694001w956h540r566" class="lia-video-brightcove-player-container"><video-js data-video-id="6238579694001" data-account="6058004174001" data-player="default" data-embed="default" class="vjs-fluid" controls="" data-application-id="" style="width: 100%; height: 100%;"></video-js></div><script src="https://players.brightcove.net/6058004174001/default_default/index.min.js"></script><script>(function() { var wrapper = document.getElementById('lia-vid-6238579694001w956h540r566'); var videoEl = wrapper ? wrapper.querySelector('video-js') : null; if (videoEl) { if (window.videojs) { window.videojs(videoEl).ready(function() { this.on('loadedmetadata', function() { this.el().querySelectorAll('.vjs-load-progress div[data-start]').forEach(function(bar) { bar.setAttribute('role', 'presentation'); bar.setAttribute('aria-hidden', 'true'); }); }); }); } }})();</script><a class="video-embed-link" href="https://communities.sas.com/t5/video/gallerypage/video-id/6238579694001">(view in My Videos)</a></div></P> <P>&nbsp;</P> <P>For P&amp;C insurers&nbsp;who sell through websites or apps, the issue of misrepresentation is extremely important. The ability&nbsp;of an a new online customer to manipulate rating factors means they can often significantly reduce the end premium they pay . This is important to the insurer because they receive a reduced risk premium, but it has wide ranging impacts on their overall profitability. Analytics help ID those that are customer gaming and allows an insurer&nbsp;to record the misrepresentation and correct it or even cancel&nbsp;the policy.&nbsp;<SPAN>&nbsp;This short video outlines the impact beyond the reduction in premium paid.</SPAN></P> Wed, 10 Mar 2021 16:20:40 GMT https://communities.sas.com/t5/Fraud-AML-and-Security/Misrepresentation-Impacts-for-Insurers/m-p/725187#M733 vincentgrosso 2021-03-10T16:20:40Z