New Webinar Explores Impact of Undisclosed Drivers on Auto Insurance Premiums

By John Cantwell August 12, 2015

Every hour, 445 new driver’s licenses are issued, and many are to 16-year-olds. New drivers in the household are a leading source of premium leakage in the auto insurance industry. In total, unrecognized drivers of all types cost the insurance industry $6.3 billion annually, according to estimates by Verisk Insurance Solutions.

Register for our Verisk Monday Webinar, Undisclosed Drivers: A Leading Source of Premium Leakage, taking place on August 17, 2015, at 2 p.m. Eastern time, to learn:

  •         how changing life events lead to unaligned policy risk
  •         the high cost of premium leakage
  •         portfolio management practices that drive profitability
  •         unrecognized-driver best practices
  •         how to maintain rating integrity over the life of a policy
  •         ways to increase touchpoints, and the benefits of outreach
  •         case study results

I hope you can attend.

If you’re interested in discussing how renewal analytics and policy monitoring solutions can reduce leakage and capture more premium, feel free to contact me at jcantwell@verisk.com.


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.