Pricing on auto policies is only as accurate as the information on who drives the insured vehicle. You can't rate the operators you don't know exist, and those hidden drivers can pose the highest risk of loss. But finding them is a daunting challenge.
On average for newly licensed drivers to be added to policies
In lost premium for each
Approximate percentage of undisclosed drivers under age 25
Tap leading data sources, such as DMV data, Verisk Coverage Verifier, and trusted third-party providers, to help find drivers omitted from insurance applications. Prefill driver data instantly with just a name and address.
Household information helps reduce premium leakage and fraud caused by hidden drivers at point of sale and across the policy life cycle.
Learn how to put undisclosed driver information to work for you at quote, renewal, or claim.
Application integrity deteriorated by 15 percent over four years. Learn the pitfalls and discover best practices to keep it from happening to you.
Undisclosed drivers cause the most premium leakage in auto insurance, but data across the policy life cycle can help tackle the problem.Read the article
Application integrity for personal auto insurance has deteriorated more than 20 percent over the past eight years, according to Verisk research.Read the article
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
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