Brad Magick, CPCU
Auto application fraud up 18%: New approaches to help mitigate risk
Artificial intelligence powers search-and-match algorithms that improve hit rates and predictive analytics help identify insurance fraud.
Personal auto is off-roading: How to get back to profitability
A new Verisk analysis evaluates the personal auto insurance industry and how to get back on track using several strategies and solutions.
How non-rate actions are easing personal auto profitability pressures
Verisk has seen a marked increase in insurers seeking strategic sourcing of non-rate actions to confront premium leakage in 2023.
Non-rate actions: Dial in profit during a hard personal auto market
Non-rate actions that don’t require a rate filing are one of the fastest ways to help with insurers’ profitability during a hard market.
Between a rock and a hard market: Solutions for personal auto
Personal auto insurance is set for a hard market in 2022 as claim frequency and severity rise amid inflationary pressures and risky driving.
Identify hidden drivers throughout the policy life cycle
Undisclosed drivers cause the most premium leakage in auto insurance, but data across the policy life cycle can help tackle the problem.
Personal auto research: Application integrity down, fraud up
Application integrity for personal auto insurance has deteriorated more than 20 percent over the past eight years, according to Verisk research.