Would you like to increase revenue and reduce your individual/consumer contract lapse rate through using proprietary predictive modeling technology?
HR Best Practices can help you identify potential individual members having a high likelihood of lapsing prior to their actual termination. We are the only firm in America that builds member profile data by integrating member enrollment, claim, customer service, premium and external, self-reported consumer data.
We provide you with lists of individuals (and their corresponding data) having a higher likelihood of terminating coverage based on claims history and demographic and lifestyle characteristics. Insurance companies can then act on this data with the expectation of retaining more customers and increasing revenue and profitability.
