Insurers are coming under increasing pressure to provide their customers with fast, frictionless buying experiences. But to do that well means having exceptionally strong fraud prevention and customer identification capabilities.
RDT’s suite of products, Atlas, includes our powerful, award-winning rating hub and data orchestration platform, Equator. Equator returns fully enriched and underwritten quotes sub second, generating 54 million quotes a day, and is proven to reduce application fraud by up to 60 per cent.
The speed and wealth of data provided by Equator enables insurers to weed out undesirable risks during the application process. It also makes it far easier to spot applicants who are trying to manipulate their quotes, or who are making lots of applications through different channels without realising they’re applying to the same insurer.
Businesses that use Equator have access to hundreds of data points to rate against, from enrichment sources including Experian, MIB, Synectics, CRIF and HPI. This allow them to truly ‘know’ their customer, and to be sure that they are quoting the right price for the right risk.
To help businesses create the best-possible customer experience, RDT created Panorama, a suite of customer-facing, front-end components and capabilities. Panorama provides the basis for building smart phone apps and B2C websites which seamlessly connect to Equator through our APIs.
RDT’s CEO, Mark Bates, said: ‘It’s more important than ever that insurers take steps to provide a good customer experience, but at the same time they need serious fraud prevention. Using RDT’s suite of products it’s possible to provide an outstanding customer experience while enjoying the highest levels of security in the industry.’
Contact us for further information about Atlas, Equator, Panorama or any of our products and services.