Optimize spend and improve customer experience
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
See how Verisk is helping top personal auto insurers make more informed underwriting decisions and reduce their underwriting expenses.
Leading personal auto insurers are widening their competitive advantages by elevating customer interactions and using data and analytics to power profitable growth.
Underwriting expenses can force auto and property insurers to choose between high costs that drain profitability and incomplete risk data.
Read the articleThe 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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