Personal auto insurance is set for a hard market in 2022 as claim frequency and severity rise amid inflationary pressures and risky driving.
When a vehicle is deemed a total loss, it can take days or weeks for the auto insurers to notify and pay the lienholder.
Competition and growing digital information sources demand that auto insurers balance underwriting data consumption with cost efficiency.
Increasing speed is becoming the norm for auto insurance quotes, driving digital transformation and data-forward strategies.
For insurers, validating correct lienholder information on loss payable and mortgagee clauses can be a long and cumbersome process.
Verisk hosted a webinar on innovative underwriting strategies to help personal and commercial auto insurers navigate change.
Recently published case studies describe the journeys of four insurers with Verisk’s innovative personal and commercial auto solutions.
A new Verisk product expansion can help auto insurers more efficiently file SR22 forms with state authorities to confirm drivers have required coverage.
Verisk is rolling out CV-VaaS (Verification as a Service) to connect key information between lenders and insurers via a new contributory database.
Commercial auto insurance has varying state regulatory mandates for reporting auto liability insurance. What should insurers do where reporting is optional?
Lienholder and additional interest notifications, returned mail, producer notifications, and escrow invoices can move faster if insurers have the right tools.
Verisk's Coverage Verifier contribution accelerator, which has received the Ready for Guidewire designation, can help support this objective.
Quality Planning Corporation has been part of Verisk Analytics since 2004. Verisk is now formally integrating the QPC suite of services into Verisk Insurance Solutions.
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