The Verisk Data Exchange™ connects your mileage-based auto program with verified, historical odometer readings from millions of consenting connected car owners, spanning multiple leading automakers.
Enhance your mileage-based auto insurance program with verified odometer readings from multiple leading automakers, representing nearly 50 percent of U.S. new vehicle sales.
Self-reported mileage can be unreliable, and third-party sources maybe out of date. Many insurers have abandoned mileage altogether because of these data quality and accessibility issues.
Millions of connected cars in the Verisk Data Exchange™ report odometer readings after every trip. This reliable, verified data addresses long-standing challenges, is easily accessible through a single API, and can help you improve rating integrity.
Whether you use odometer readings for dynamic pay-as-you-drive (PAYD) pricing or within a traditional auto plan, we deliver DrivingDNA Mileage through a single API in near-real time at the point of quote or renewal – or continuously.
Use DrivingDNA Mileage to streamline your purchase process, calculate mileage-based discounts and premiums more accurately, and enhance the customer experience for millions of eligible consumers.
Annual mileage strongly correlates with losses, but many insurers struggle to obtain high-confidence odometer readings. Under-reported mileage can cause premium leakage. Over time, this issue can skew mileage bands, bend loss ratio curves, and impact your book’s profitability.
DrivingDNA Mileage uses historical odometer readings to calculate personalized annual driving patterns based on real-world data. Across your book, this can yield a significant premium lift.
The Verisk Data Exchange connects you with verified odometer readings from consenting drivers of millions of vehicles across multiple leading automakers. DrivingDNA Mileage harnesses the reporting capabilities of these connected cars to help you improve the accuracy and profitability of your mileage-based auto program.
You will soon be redirected to the 3E website. If the page has not redirected, please visit the 3E site here. Please visit our newsroom to learn more about this agreement: Verisk Announces Sale of 3E Business to New Mountain Capital.