At Veridion, we revolutionize the insurance landscape by enabling automation & improvements in underwriting outcomes. Our advanced technology can provide a full profile of a business, associated underwriting risks, and accurate insurance and industry classifications which can be used for quotation and underwriting efficiency.
Veridion can monitor for changes in underwriting risks, changes insurances classes and business activities of existing policies. By increasing the level of automation in this validation process, we contribute to a significant improvement in overall data accuracy, leading to more informed decision-making.
We empower carriers to proactively validate the self-reported information about the claimant's business and operations, and increase the level of automation and data accuracy.
In essence, Veridion is not just a solution; it's a catalyst for transformation in the insurance industry.
Carriers can apply a new set of variables on businesses such as underwriting risks, locations, business activities, ML classifications, and sustainability factors which can be used to enhance pricing and loss ratio models