Personal Auto Telematics
DrivingDNA: Essential building blocks for behavior-based rating at point-of-sale
DrivingDNA: Essential building blocks for behavior-based rating at point-of-sale
Personalized driving traits are core to behavior-based insurance and DrivingDNA makes it easier for insurers to harness the power of these telematics insights. Just as DNA forms the blueprint for organic life, DrivingDNA reveals distinct characteristics of personalized driving risk at point of quote and renewal.
Whether you already offer a usage-based insurance (UBI) program or are looking to dive into this market, DrivingDNA can support your telematics journey with solutions drawn from advanced analytics, extensive in-market experience, and hundreds of billions of driving miles in the industry-leading Verisk Data Exchange™.
How can auto telematics help drive profitable growth and personalized customer experiences?
Verisk’s telematics solution suite helps personal auto insurers develop, launch, and grow comprehensive UBI programs using driving behavior insights from millions of consenting drivers.
Underwriting, rating, and policy monitoring
Access predictive scores and an expansive set of driving data attributes at point of quote and renewal.
DrivingDNA® Score
Lay the foundation for an expansive UBI program with superior driving risk insights using Verisk’s next-generation telematics scoring model, pre-filed by ISO for a speed- to-market advantage.
DrivingDNA® Data
Expand your UBI program by accessing connected car driving behavior data, packaged to meet your specifications, and available at both point of sale and on a recurring basis for PAYD and PHYD programs.
DrivingDNA® Mileage
Refine mileage-based rating or take your PAYD program to the next level with verified odometer readings from millions of connected cars, available upfront at quote and on an ongoing basis.
Research and product development
Increase the velocity of telematics insight creation and make more informed strategic decisions.
DrivingDNA® Lab
Accelerate UBI product development, study lift, and make more informed strategic decisions using telematics insights from your own portfolio.
Acquisition and customer engagement
Use telematics data to support the growth of your program and promote safe driving.
Discount Alert
Turn connected cars into a powerful acquisition channel with proactive, data-driven prospecting and customizable notifications about insurance offers delivered directly to safe drivers.
Driver Feedback
Engage customers with web- and smartphone-enabled, safe driving scores and trip-level feedback to encourage safer driving, reduce losses, and trigger discounts.
Accelerating your telematics journey with Verisk
You win:
• Normalized, multisource driving behavior data from multiple leading automakers
• Speed-to-market with an advanced, loss-based model and pre-filed rating rules
• Support for PAYD, PHYD, and mileage-based programs
• Millions of vehicles available for research and product development in a secure environment
• New lead generation and customer experience differentiation opportunities
Your customers win:
• Fast, accurate, reliable quotes at point of sale and renewal
• Discount potential for low-risk or lower-mileage drivers
• Convenient access to UBI offers delivered through their automaker’s digital ecosystem
• Safe driving reinforcement with data-driven feedback and coaching
• Opt-in model and transparent use of data through a robust privacy model
DrivingDNA®: Next-Generation Usage-Based Insurance Solutions for Speed-to-Market and Profitable Growth
DrivingDNA®: Next-Generation Usage-Based Insurance Solutions for Speed-to-Market and Profitable Growth
Learn how Verisk’s new DrivingDNA® Score can simplify your path to market entry, enhance the UBI purchase experience, and support profitable growth.
How Connected Vehicles Are Supercharging Usage-Based Insurance
How Connected Vehicles Are Supercharging Usage-Based Insurance
The growing numbers of vehicles with embedded connectivity are an exciting new data source for usage-based insurance programs. Hear how a large insurer leveraged this opportunity to deliver new, innovative products and differentiate its customer experience.
From IoT Data to Actionable Insights
From IoT Data to Actionable Insights
IoT data opens new doors for insurers. The Verisk Data Exchange is tackling the challenge of refining telematics driving data—which now exceeds 250 billion miles.
Additional insights
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How we analyzed a TikTok challenge that encouraged car theft.
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Here's one way to stay ahead of the competition.
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Emerging Issues Bracket Recap: Your Top Topic Picks in 2023
Your top concern? PFAS “forever chemicals.”
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Insurance Consulting
Verisk insurance consultants can help you leverage telematics data and analytics to better understand how they align with your strategic direction.
Personal Auto Solutions
Verisk offers a full range of products for personal auto insurers, including tools for underwriting and rating, fraud, and predictive analytics.