Auto underwriting and risk management: Keeping track of changes to policyholder lives

By John Cantwell  |  February 13, 2015

Every insurance policy captures a snapshot in time. Your underwriting and pricing decisions depend on the condition of the property (auto or home) or the status of the purchaser on a specific date. But circumstances that affect underwriting risk factors can change anytime — even just days after you write the policy.

On average, every hour brings thousands of lifestyle changes to American consumers. The infographic below shows how quickly the risk profile of your policyholders can change.


Tracking those changes will help ensure that you rate policies correctly at renewal. Learn more about maintaining data integrity through the policy life cycle.

John Cantwell

John Cantwell, vice president, Auto Product Management, Verisk Insurance Solutions, is responsible for product management and branding strategy and leading the development and launch of innovative new products. Before joining Verisk, he was vice president of underwriting and product development at AIG Direct/21st Century Insurance.