Fenris curates thousands of data sets used by Fortune 500 companies, but have yet to be applied to insurance, for accuracy and quality.
We do not facilitate data that has been scraped from the web, unlike many tools seen used in claims validation, web-scraped information is not applicable to the risk analysis performed with our datasets.
Unlike other companies, we have our own reference data set on 255m adults, so we don’t need your PII. It’s a much easier, more secure solution that is favored by your security and IT teams.
We don’t predict life changes using algorithms. We collect actual evidence of the events from a variety of validated sources. Our nightly data sweeps pick up on real life changes such as a house listed or sold, a move or downsize, a change in marital status, or the addition of a new baby, to name a few.
Any financial services firm that uses an application can benefit from using the Prefill API to make that application a smoother experience for consumers.
We have found that brokerages and lenders both have use cases for our API that help them limit application abandonment, increasing completion rates leading to a higher number of conversions.
Both applicants to financial service products and the service providers benefit from implementing the Prefill API in an online from.
Applicants enjoy a streamlined online process that asks as little from them as possible, while service providers feel confident knowing the information in their applications is accurate, being verified by the consumer, and more applications are being completed.
The data passed through the Prefill is not regulated by the FCRA, therefore it can not be used in the final rate calculation without the verification on the consumer.
Scores provided by the Prefill API are intended to predict more regulated and, therefore, more expensive analytics available.