CreditVision Lapse Predictor
— Long- and Short-Term Insurance
Strong insights for smart decisions
Segment better, price more strategically and retain
profitable customers
Predict the likelihood of a consumer lapsing on their policy within the first six months of inception
or renewal on brokered and direct policies.
churn
Quickly identify potential lapses and offer competitive rates to customers before issuing or renewing a policy.
profitability
Tap into greater customer behaviour and pricing sensitivity insights for profitable upsell and cross-sell decisions.
smarter decisions
Access the latest CreditVision trended variables, refined segmentation and newer modelling techniques for better differentiation in lapse probabilities.
Access rich data to prevent high acquisition costs and policy lapses.
New modelling techniques and algorithms
By combining enhanced algorithms, new modelling techniques and trended data, CreditVision Lapse Predictor helps score and predict the risk of customers lapsing on new or renewed policies — even for delinquent and thin-file customers.
Detailed reason codes and insights
The CreditVision Lapse Predictor model output includes adverse reason codes that explain each score for an improved customer experience.
Quick response time
Once you’ve loaded the current or prospective policyholder’s details onto our online platform, you will receive your CreditVision Lapse Predictor output almost instantly.
Find out what CreditVision Lapse Predictor can do for you
