Solutions and Data Packages

Are You Ready To Innovate ?

“As part of a strategic initiative to improve Loss Frequency and Severity, EVP of a P&C Insurance Carrier Client is quoted, “Confianza’s New and Unique Data sets & Highly Predictive Loss Analytics are streamlining our Underwriting Decision Processes with an instant, comprehensive view of the Business, Credit Risk, property exposures and Crime scores”

Solutions & Data Packages

Confianza is offering both Enterprise Solutions as well as transactional consumption Data Packages. Our Product offering is based on a comprehensive set of Actionable Data & Predictive Analytics delivering an instant 360 view of the Business or Consumer, risks & exposure.

AI Machine Learning Model / Enterprise Solutions: Outcome-Driven, Best in Class

Targeted Risk Selection
Portfolio Optimization
Fraud / Premium Leakage
Profitability Renewal Strategy

About our AI/ML Model:

Private AI model that speaks the language of insurance
Leveraging Large Language Models(LLM’s), Web Scraping and Machine Learning
Configurable to support your current Underwriting Work flow Decision Process
Seamlessly fits into your workflow, delivering insights, information, and actions

Transactional Consumption Data Packages:

We offer Three (3) Data Package Categories:
Commercial, Personal & Property
Package availability: 1) Rest API 2) offline Batch 3) Self Service Ad hoc Reports Portal.

Commercial Packages

Business Credit & Risk Scores

Highly predictive Intelli-score with over 20 business credit and risk insights such as payment history, bankruptcy, judgements, etc.

Predictive

Loss

Signaling

Supporting the Predict and Prevent theme in the market, lets discuss & identity the appropriate data set to test for the strongest correlations for loss Frequency & Severity signaling.

Crime

Unique and powerful data set this is significantly outperforming FBI Crime for loss propensity when measured against actual policy loss activity. comprised of: NIBRS, ICPSR & 911 blotter

Firmographic/

Prefill

Includes all business facts for application/quote prefill. From Business NAICS Code(s) and description, sales, employees, year established, bankruptcy indicator, etc

Driver Safety & Motor Vehicles Violations

Both State Direct MVR Services as well as MVR Alternative based on court records. Cost-effective solution to get full violation details with a five year lookback nationwide. (subject to certain state restrictions).

VIN & Registration

Details

Package provides all registered vehicles based on state vehicle registry from the state motor vehicle departments offering vehicle VIN, registration data, Vehicle Characteristics, and Loss Correlations

Targeted

Marketing

Lead List

Ability to layer multiple risk selection and criteria filters to yield your best targets with strong conversion to bind. Additional consideration to leverage our proximity modeling tool to Identify businesses within specific radius of agent or business.

Upsell - Cross Sell Indicators

& Lead Scoring

Related to targeted marketing leads, this package can proactively identify businesses in line with your risk selection based on Propensity to bind triggers and Lifetime Value.

Property Packages

Property

BASE

Includes building characteristics (Sq. Ft, Yr. Built, roof, construction type, etc), Fire Protection, Emergency Services, MLS history, All Weather perils. Plus Propriety geocoding (at center of roof) and USPS CASS address standardization.

Distance to Fire Station

A proprietary model leveraging our consumer and business database and proximity model to provide the most comprehensive, complete and up-to-date solution.

Lessors

Co-Tenancy Risk

A Unique and Powerful data set that identifies all Units in commercial and mixed-use building as well as understand the “Type” of Tenant in Mixed Use Commercial Buildings.

This package identifies potential policy re-rating indications such as Square footage changes, roof replacements, A/C, Sprinkler, Electrical panel upgrades. All Permit #’s and dates included.

Permit Activity

Extends the concept of Co-tenancy to identify “risky” businesses outside of the subject building.  Utilizing Al/machine learning based key words and phrases within specified distance radius.

Proximital Risk

Replacement

Cost

Estimator

This package is solving the Property Undervaluation & Premium Leakage problem with active monitoring of Inflation & Commodity Factors. Includes key parameters such as year built, sq. footage, building condition and quality, foundation type.

Personal Packages

Personal Lines Prefill

Leveraging our consumer database (300M Adults) this package includes primary named insured details, including credit proxy(Non-FCRA), financial strength, ability to pay, OFAC Search and all Household members (exposures) and their pertinent rating information.

Consumer

Credit

Two credit based insurance scores improving risk segmentation, pricing and targeted micro segmentation. 1) Forward looking for Prime V3, 2)Sub Prime, with thin credit file C1

Driver Safety

Motor Vehicles

Violations

Fraud /

Premium Leakage

A prescriptive environment that leverages our eight-factor model to predict (and remediate) a consumer’s propensity to commit fraud, both hard fraud (claims) as well as soft fraud (premium leakage). Detailed results are presented with guidance on the best method to mitigate the exceptions noted.