Growth and profitability

11/4/2024 - 3 min read

Extreme driving on the rise: Confronting risk in the era of $11+ MVRs

A new Verisk study reveals an unsettling story, but new data and innovations help enable personal auto insurers to confront these challenges

Truck Driver Examining Semi Truck Trailer Brake Coil For Safety

10/28/2024 - 3 min read

Optimizing commercial auto expenses during a hard market

Average MVR fees surpassed $11. Rethink tracking driver risk cost-effectively—with
underwriting data that helps avoid adverse consequences.

7/16/2024 - 3 min read

Confronting commercial auto premium leakage with non-rate actions

With more than $15 billion in premium leakage over the past decade
due to radius misclassification alone, identifying risks offers potential

7/11/2024 - 3 min read

Back to the future: Past policies inspire forward-thinking innovation

Personal auto insurance policy history data is key to unlocking predictive behavioral patterns and modern buying experiences of the future

7/10/2024 - 6 min read

Renewal book strategies: 4 best practices for auto profitability & CX

Personal auto insurers face substantial profitability challenges. Renewal book strategies are one of the fastest ways to recharge profits.

6/17/2024 - 1 min read

New paper explores 4 strategies for commercial auto profitability

New Verisk white paper covers challenges and strategies for commercial auto insurers to modernize and boost profitability for the long haul

5/7/2024 - 2 min read

Quarterly reconstruction costs continue to stabilize

Verisk releases new quarterly reconstruction costs report for Q2 2024.

1/30/2024 - 2 min read

Quarterly reconstruction costs stabilize as inflation recedes

Verisk releases new quarterly reconstruction costs report for Q1 2024.

11/28/2023 - 4 min read

Auto application fraud up 18%: New approaches to help mitigate risk

Artificial intelligence powers search-and-match algorithms that improve hit rates and predictive analytics help identify insurance fraud.

11/10/2023 - 5 min read

Personal auto is off-roading: How to get back to profitability

A new Verisk analysis evaluates the personal auto insurance industry and how to get back on track using several strategies and solutions.

10/13/2023 - 3 min read

Mild reconstruction cost rise signals stabilizing market

Total reconstruction costs increased 5.1% from October 2022 to 2023. This uptick follows the 4.3% increase from July 2022 to July 2023.

9/26/2023 - 2 min read

Exploring a future look at reconstruction cost trends

To help insurers navigate the increasing complexity in the market, Verisk has developed the Market Expectations Index for 360Value.

8/28/2023 - 4 min read

Maintain ITV in a volatile market with property-level insights

Insurers must explore changes affecting their risk portfolio and leverage component- and property-level insights to help them maintain ITV.

7/14/2023 - 2 min read

As MVR fees increase, Verisk expands violation risk capabilities

A new Verisk analysis finds the national average motor vehicle report (MVR) fee has risen to $10.65 and increased more than 25 percent over the past decade.

7/13/2023 - 3 min read

Quarterly reconstruction cost increases continue to steady

Total reconstruction costs increased 4.3% from July 2022 to July 2023. This uptick follows the 3.1% increase from April 2022 to April 2023.