Identifying the true risk of the drivers you insure can be extremely challenging in the nonstandard market. Confront premium leakage and improve rate integrity at its source.
Using a unique predictive analytics model, nonstandard auto writers can now flag potential fraud, assess risk more precisely, and reduce rating errors. RISK:check® analytics tap into multiple data sources to confirm applicants’ identity and key risk factor details.
Coverage VerifierSM Auto, a contributory database, provides nonstandard auto insurers one of the most extensive histories of driver risk available in the industry today to aid pricing and risk selection. It includes proof of current or prior coverage along with details on coverage periods, lapses, driver and vehicle information, discounts, cancellations, and more.
Verisk’s driver insights will help you identify violations, license suspensions, undisclosed drivers, and how an individual’s driving record and other characteristics can affect your rating factors and, ultimately, the premium you charge.
Understanding claims history is critical to accurate initial quoting, but to save money, many insurers delay ordering loss history data until just before bind.
You can use cost-efficient tools to gain the knowledge you need to make a confident call at point of sale or renewal.
Let ISO’s industry-leading data sets, analytical innovations, and actuarial acumen drive your auto insurance business forward.
Leverage the strong link between mileage and insurance claims to strengthen your underwriting and rating.
Knowing each vehicle you insure in granular detail is critical in today’s competitive nonstandard auto market for underwriting, rating, and claims adjusting.
Quickly and easily identify an automobile's current ISO Vehicle Series Rating Symbol without knowing its vehicle identification number (VIN).
To calculate suitable premiums for nonstandard risks, you need complete and accurate information about the vehicles that your policyholders drive.