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Commercial Auto Insurance Solutions

Do you have enough timely, reliable underwriting data to keep your commercial auto book profitable and your customers satisfied?

Building speed, accuracy, scale, and a great customer experience is a data-focused challenge for commercial auto insurers. Innovative applied analytics can fuel straight-through processing and help drive profitable growth and retention.

Verisk’s innovative products and tools span the commercial auto policy life cycle

Macroeconomic trends are challenging commercial auto insurers

More Miles Driven

Higher miles driven

Miles driven were 6.2 percent higher in March 2018 compared with March 2013.

Drivers Needed

More drivers needed

Distribution needs call for 51,000 more drivers, which will create a huge inexperienced driver population with little required training.

Higher Loss Severity Per Claim

Higher loss severity

Loss severity per claim is up 40 percent from 2009 to 2017, worsened by new technology and distracted driving.

Transform your commercial auto underwriting with data-first strategies

Abstract Car Driving

Transforming Commercial Auto Expense Ratios With Data-First Strategies

In this podcast, Diane Injic explains how data-first strategies can improve expense rations and customer interactions.

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Harnessing Insights

Harnessing Insights with a Data-First Underwriting Strategy

Data-first strategies have provided commercial lines underwriters with quick and easy access to large amounts of information on applicants.

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Data And Analytics

How Data and Analytics Are Transforming the Risk Business

Maroun Mourad looks at the new world of risk in this podcast interview.

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Innovations in technology and analytics help in the competitive commercial auto market

Innovation Strategies For Commercial Auto Insurers

Innovations in technology and analytics help in the competitive commercial auto market

How can auto insurance leaders innovate to meet fast-evolving trends, drive success, and compete amid ongoing uncertainty? An efficient digital insurance ecosystem and foundational strategies can help accelerate underwriting and drive high-impact results.

Innovation Journeys With Four Leading Auto Insurers

Innovation Journeys Thumbnail

See how four top auto insurers innovated with Verisk to meet today’s competitive challenges with smart strategies that improve return on investment, and how another insurer is adding customer experience to the economic equation.

Learn from our case studies

Developing a path to digital transformation

 

Developing a path to digital transformation

Automating the underwriting of commercial insurance is complicated. Businesses pivot, regulations evolve, and data quality fluctuates.

There are insurers, though, that have found a path forward. They’ve developed an in-depth understanding of their existing processes, have identified and prioritized their plans, and have leveraged insurance expertise and insurance-ready data to create a sustainable pipeline of innovation.

Fuel your straight-through underwriting process

 

Fuel your straight-through underwriting process

Our commercial auto underwriting tools come together to fundamentally change your underwriting process, bringing speed, accuracy, efficiency and ease of use. We have all the data you need. Watch to learn more about our solutions.

Stay competitive. Automate underwriting. Accelerate decision-making.

Commercial Lines Underwriting Strategies

Stay competitive. Automate underwriting. Accelerate decision-making.

Data and advanced analytics can drive everything from decisions on new markets and segmentation to standing up new lines of business in months vs years. Increase speed to market and boost profitability by embracing the new era of digital transformation for commercial lines insurance.

Looking for a data and analytics partner to help you innovate? We’re here to help you with your digital transformation.

Additional insights

Rating Engine Vendors

What insurers need to know about ISO Commercial Lines Manual rating engine vendors

Here's the difference between an insurance rating engine that uses ISO Electronic Rating Content™ (ISO ERC) and one that doesn't.

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Erc Rating Comic

Stop hitting snooze on your rating updates

Is the process of updating your commercial lines insurance rating content keeping you up nights? It's time for a cloud rating engine.

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Insurers And Inflation

For insurers, Q1 2022 brought underwriting gains, inflation concerns

While Q1 2022 brought underwriting gains for P/C insurers, inflation continued to create significant challenges for insurers.

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Contact Us to Learn More

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