Insurance companies

Automate repetitive onboarding processes, reduce fraud risk, and improve loan acceptance rates. All while providing a better customer experience.

Working with YTS, insurance companies can instantly create accurate, detailed, up-to-date financial profiles of your applicant, without any manual processes, and free of unstructured data and human error.

Instantly verify applicants’ financial profiles

Currently, insurance applicants send a great deal of unstructured data to their prospective lender, including pdfs, scans of bank statements, and many other pieces of information in different formats. This creates work for the applicant and insurance provider. But with YTS’s Account Information Service (AIS), you can do this immediately and accurately, giving you a near real-time view into applicant finances, and drastically reducing manual work.

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Improve personalised advice and upsell

Data can be used to improve personalised advice. Although TPPs are by law only allowed to present the account information of customers, insurance companies can use that information to give advice about their financial situation.

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Optimise claims management

You can use account information to create new data sets that can be used to improve reconciliation, reimburse the right amount to customers, and gain better insights into possible fraud.

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Curious to hear what our API can mean for your business?

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