Underwriting commercial auto insurance comes with a variety of expenses, including the ordering of a motor vehicle report, which costs $10.32 on average. At the same time, many customers are expecting faster and more accurate quotes. To address these challenges, some insurers are implementing data-first strategies that enable them to enhance the customer experience and reduce expenses, such as the cost of the MVR report, by as much as 30%.
Diane Injic, Director of Commercial Auto Underwriting, spoke with Property Casuality360o about how data-first strategies can improve expense ratios and customer interactions. She also describes how new technologies enable underwriters to use their expertise on more complicated and higher-risk exposures.
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How can commercial and personal auto insurance leaders adapt to fast-evolving trends and drive success amid ongoing uncertainty?
Underwriting solutions to develop, rate, implement, manage, and grow a commercial auto book of business. Data-first strategies that transform expense ratios.Learn more
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Verisk driving history solutions deliver motor vehicle reports quickly. Indexes of activity help guide MVR spending. And driver monitoring catches adverse changes early.Learn more
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