Experian, a UK-based information services company, has introduced Mover Alerts, a new alert service which will inform banks, lenders, insurers and home services companies when an existing customer attempts to sell property or puts up for rent.

The new alert service is likely to help insurance providers, utilities and telecommunications providers, which uses compliant data from a wide range of property sources.

According to the company, insurance providers will be able to recognize those that may need new or revised policies as a result of moving house and to target investigations into fraudulent claims.

Nick Evans, head of customer management at Experian, said: “By using Experian’s Mover Alerts to be able to engage with a customer at the appropriate time, organizations can ensure they maximize customer relationships while effectively managing risks.”