Businesses are required to follow the Know Your Customer (KYC) process, which involves confirming the clients' identity. As aresult, IDMkyc helps business firms to determine the possible risk involved with working with a certain client.
Customize how you
Not only do policyholders need protection when it comes to insurance. Customer's personal information is constantly at risk of theft by insurers, whether they work in the healthcare, life, auto, property, and casualty, or specialty sectors. Fraud will eventually affect your bottom line and raise premium costs for your company, ultimately affecting your customers. A lose-lose situation exists. Why not use identity verification at onboarding to prevent fraud from happening in the first place?
IDMERIT provides identity verification services that will lower overall costs and minimize risk for your business. With the help of our services,you'll be able to quickly and confidently process more claims and approve more applications.
Analyze Enrollment Fraud
To check for enrollment fraud, insurance companies must keep an eye on the identities using their services during the onboarding process. The insurance industry should employ reliable identity verification tools to ascertain whether a potential account holder is real. Identity verification can reveal potential warning signs like whether the identity is real, whether it is deceased, whether the applicant resides in the state where they are applying for coverage, and whether the identification matches the biometric check.
Check identity data with external sources
Insurance companies must cross-reference identification data with information from other sources, offer contact information for family members, and include fields in a database that identify people who pose a greater risk. To verify that clients are who they claim to be, IDMERIT offers thorough identity verification checks.
Identity verification in insurance: benefits & outcomes
Current and potential clients can be approved quickly and securely with IDMERIT. It employs cutting-edge rules-based technology to distinguish between real customers, save time, process claims more effectively, safeguard businesses from fraud, and shield customers from higher premiums. Additionally, it provides progressive design and control and a non-intrusive strategy to safeguard clients' security and privacy.
One Solution Platform For Endless Problems
In order to help banks and other financial institutions adhere to compliance rules, IDMERIT offers a wide range of identity verification solutions. Identity verification, Know Your Customer, fraud analytics, credit risk analysis, and due diligence are all provided by IDMERIT solutions.
Ready to get started?
Feel free to talk to our identity experts about your requirements or schedule a demo with them.
Book a DemoCertificate
We ensure top-notch privacy and compliance standards for your business, so that you can focus on what matters most.
Solutions
Industries
Phone
Sales/Other requests
Address
786 North Circular road, Brent, United Kingdom - nw2 7td
Copyright © 2024 IDMERIT. All Rights Reserved.
