New Innovation Paper: The Challenge of Auto Insurance Premium Leakage
Personal auto insurers have at least a $29 billion annual problem: premium leakage—omitted or misstated underwriting information that leads to inaccurate rates. With profitability under intense pressure from all sides, premium leakage demands attention.
What you’ll learn:
- Results from a Verisk-led industry survey and extensive client research analysis
- Where the leaks are and what insurers are doing about it
- Best practices and innovations to address premium leakage