Macroeconomic trends are challenging commercial auto insurers
Miles driven were 6.2 percent higher in March 2018 compared with March 2013.
Distribution needs call for 51,000 more drivers, which will create a huge inexperienced driver population with little required training.
Loss severity per claim is up 40 percent from 2009 to 2017, worsened by new technology and distracted driving.
The path to profitability starts with data and analytics that properly drive risk selection.
You need reliable information on vehicles and drivers to underwrite commercial auto and policies properly.