Mileage is gaining heightened awareness as driving patterns recover in the new normal. Precision is critical to align price to risk more accurately.
Accurate mileage matters, but many insurers struggle to capture it. They may accept unreliable self-reporting by policyholders, use overly broad bands, or skip mileage altogether. Now—with MileageConfirm™—new technology, data sources, and analytics are changing the insurance landscape when it comes to accurately assessing risk.
Learn how better data and advanced modeling can identify mileage gaps and recover missing premium.
Leverage Verisk’s unique data assets and analytics at both point of sale and renewal.
Odometer readings from third-party data sources
Predictive mileage model
Mileage-related premium leakage is a $5B annual industry problem. Our Innovation Paper explores key findings and insights to better align price to risk.
Personal auto mileage has fluctuated widely through the pandemic and the emerging new normal. It may be time for insurers to leverage analytics to avoid premium leakage.Read the article
Perception and reality often diverge when drivers estimate how many miles they drive in a year. Verisk’s 2018 Verified Mileage Study helps measure the difference: About…Read the article
As personal auto insurers navigate the coronavirus recession and recovery, complex social and economic trends appear set to shape the industry’s “new normal.”Read the article
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