In a highly competitive, unpredictable and ever-changing market, the ability to make better informed decisions is critical for insurers. Credit reference agency (CRA) data has been used for many years to enrich the insurance quotation journey at the point of quote (POQ), but this journey can be enriched by combining CRA data with other data sources.
This article explores the benefits of using full private credit data in the POQ journey for firms producing insurance quotations.
• What is private credit data?
• How does private credit data help insurers?
• How is private credit data used compliantly?