The COREMETRIX Quiz can capture a wide variety of predictive psychometric data at the point of application or renewal.
For motor insurance, the link between personality traits, behaviour and lifestyle can clearly be seen to influence driving behaviour and, in turn, determine the likelihood and severity of claims.
COREMETRIX can model risk by measuring key psychometric traits such as optimistic bias, thrill-seeking, irritability and conscientiousness to model risk.
We demonstrated the ability of the psychometrics score to separate out claims and no-claims population.
Gini of 30% and a 20% uplift in risk ranking based on premium alone