Personal Auto Risk Indicators
Optimize spend and improve customer experience
Make more informed underwriting decisions
Amid a hard market for personal auto insurers, innovative risk indicators can point the way to more cost-efficient underwriting. Placed in front of full-report ordering, indicators can become a core element in your expense-management ecosystem and contribute to a better customer experience that carries more personal auto quotes through to bind.
savings on your personal auto driving history underwriting costs
of personal auto policies have no coverage lapses
of personal auto loss history reports have no claim activity
Focus underwriting spend on drivers with activity
See how Verisk is helping top personal auto insurers make more informed underwriting decisions and reduce their underwriting expenses.
Balance the expense and the need for personal auto report ordering
Avoid wasteful spending on clean MVRs
Avoid wasteful spending on clean MVRs
Verisk provides solutions to detect activity on your applicants’ driving records. Why not know what you need before you spend?
We're all ready to innovate. Let Verisk help with your digital transformation.
Innovative personal auto underwriting products and tools span the policy life cycle
Innovative personal auto underwriting products and tools span the policy life cycle
Leading personal auto insurers are widening their competitive advantages by elevating customer interactions and using data and analytics to power profitable growth.
Additional insights
Seeking new paths to cost efficiency in underwriting reports
Underwriting expenses can force auto and property insurers to choose between high costs that drain profitability and incomplete risk data.
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Steady increases continue for motor vehicle report fees
The cost of motor vehicle reports (MVRs) continues to climb for insurers; the latest Verisk analysis shows the nationwide average at $10.32.
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