Equifax Aligns with Digital Matrix Systems, Inc. to Introduce Credit Score Alternative for Auto Insurance
Consumers are increasingly shopping for auto insurance online and turning to comparison sites like compare.com for accurate quotes. "We're excited about the solution that has been developed by DMS and
The growing consumer penchant for online shopping can prove costly for carriers—and frustrating for consumers—that do not have insight into potential customers from the start.
"Access to highly predictive data early in the buying process enables insurers to better mitigate risk and improve underwriting efficiency, said
"This partnership strengthens DMS' commitment to deliver innovative and highly effective risk management services to the insurance industry," said
Insurers need more transparency into the financial behavior and history of prospective clients during the underwriting process and consumers are looking for more accurate rate quotes. Streamlining the process from quote-to-purchase helps insurers allocate valuable underwriting resources to mitigate potential risk, while keeping a focus on writing quality policies—a win-win for consumers and the industry.
About Equifax
Headquartered in
About Digital Matrix Systems, Inc.
Founded in 1982, DMS is an international risk management solution provider that helps clients leverage the power of data to make better-informed decisions. Through an integrated product suite, DMS delivers secure access to consumer and commercial credit bureaus, as well as specialty data providers. As a reliable partner, DMS helps leading companies predict and manage risk in a variety of industries, including financial services, insurance, and brokerage services. The company provides data warehousing, advanced analytics, scoring models, and comprehensive consulting services, delivering strategic solutions tailored to each client's business goals. For more information, visit www.dms.net.
About compare.com
compare.com is a limited liability corporation headquartered in
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