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.
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.
In this podcast, Diane Injic explains how data-first strategies can improve expense rations and customer interactions.Listen to the episodes
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 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.
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.
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.
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.
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.
Insuring Agritainment: Evolving solutions for a 200-year-old businessRead the article
Commercial auto insurers, challenged by the pandemic and inflation, can find guidance in innovations from other lines of business.Read the article
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