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
Research, Develop, & Expand
Expand your business with confidence and build for the future with a strong foundation.
Implement, Issue, & Renew
Reduce friction during critical points in the policy life cycle.
Underwriting, Risk Selection, & Rating
Use robust vehicle, driver, and business data for more accurate risk selection and pricing.
Portfolio Assessment & Compliance
Unleash the power of your vehicle, driver, and business data while staying compliant.
Macroeconomic trends are challenging commercial auto insurers
Higher miles driven
Miles driven were 6.2 percent higher in March 2018 compared with March 2013.
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
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
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.
Listen to the episodes
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.
Listen to the episodes
How Data and Analytics Are Transforming the Risk Business
Maroun Mourad looks at the new world of risk in this podcast interview.
Listen to the episodesInnovations in technology and analytics help in the competitive commercial auto market
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
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.
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.
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.
Additional insights
Insuring Agritainment: Evolving solutions for a 200-year-old business
Insuring Agritainment: Evolving solutions for a 200-year-old business
Read the article
Navigating the challenging road ahead for commercial auto insurers
Commercial auto insurers, challenged by the pandemic and inflation, can find guidance in innovations from other lines of business.
Read the article
Preparing BOP programs for the coverage needs of a changing world
Shifting behavioral trends are changing the way insurers provide coverage for Businessowners (BOP).
Read the article