The cost of motor vehicle reports (MVRs) continues to climb for insurers; the latest Verisk analysis shows the nationwide average at $10.32.
Auto insurers can now access driving behavior data from Hyundai through the Verisk Data Exchange to support usage-based insurance and telematics innovation.
Average fees for motor vehicle reports (MVRs) continue their upward march, according to the latest Verisk analysis reaching $10.14 as of August 1, 2020.
Learn how nonstandard auto insurers can leverage telematics and usage-based insurance to improve their pricing performance.
Trends in economic growth, driver availability, and technology are challenging commercial auto insurers, but knowing the drivers may be the key to success.
You read about accidents caused by distracted drivers in the news all the time. It’s a serious issue and one that deserves attention by commercial auto insurers.
In total, 36 states and the District of Columbia increased MVR fees over the past decade, according to a Verisk analysis.
A Verisk analysis found more than 10 percent of auto policies had verifiable garaging address defects—and that adds up to $3 billion in annual premium leakage.
A new driver monitoring service will soon be available to insurers operating in Texas; here are some frequently asked questions about the specifics of the program and how…
Misrepresented driver risks are the top overall source of premium leakage for insurers, accounting for $16.5 billion a year.
An updated Verisk Insurance Solutions analysis confirms that motor vehicle report (MVR) fees have continued to increase over the past decade, during which time state…
It appears all systems are go for the Texas Driver Record Monitoring Service (DRMS) to launch in June, according to state sources.
This is the first article in a multi-part series based on the Innovation Paper from Verisk Insurance Solutions, The Challenge of Auto Insurance Premium Leakage
Many auto insurance companies focus on retention to combat reductions in premium, but they shouldn't neglect risk management.
A Verisk analysis finds that motor vehicle report (MVR) fees have increased an average of almost 50 percent during the past ten years and discusses ways for insurers to…