RadiusCheck
$6.4 billion potential loss due to radius misclassification
A Verisk study showed that commercial auto insurers will lose $6.4 billion in premium leakage over a four-year period—and that’s just due to radius misclassification.
$4.4 billion from the worst offenders
$4.4 billion from the worst offenders
Of the 23 percent of vehicles reported outside radius, 16 percent were outside radius more than two-thirds of the time.
Targeting these worst offenders can address nearly 69 percent of the overall loss.
Confirming Radius Class with Verisk’s Commercial Auto RadiusCheck
Confirming Radius Class with Verisk’s Commercial Auto RadiusCheck
With most commercial vehicles classified as local radius, how do commercial auto insurers confirm where those vehicles actually operate? Learn how Verisk's RadiusCheck™ leverages technology to help uncover the truth and reduce radius misclassification.
Fuel your straight-through underwriting process
Fuel your straight-through underwriting process
Our commercial auto underwriting tools come together to fundamentally change your underwriting process, bringing speed, accuracy, efficiency and ease of use. We have all the data you need. Watch to learn more about our solutions.
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