VISUALIZE | INSIGHTS THAT POWER INNOVATION

Driver Monitoring

Teaser
August 20, 2021

Steady increases continue for motor vehicle report fees

The cost of motor vehicle reports (MVRs) continues to climb for insurers; the latest Verisk analysis shows the nationwide average at $10.32.

Hyundai Tucson Teaser
March 29, 2021

Hyundai telematics integration goes live on the Verisk Data Exchange

Auto insurers can now access driving behavior data from Hyundai through the Verisk Data Exchange to support usage-based insurance and telematics innovation.

Gettyimages 157284610 Teaser
September 18, 2020

Average fees for motor vehicle reports continue upward march past $10

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.

Image7dsok
June 2, 2020

The price is right: Why telematics can be a game changer for nonstandard auto writers

Learn how nonstandard auto insurers can leverage telematics and usage-based insurance to improve their pricing performance.

Gettyimages 1171697035 Web
May 6, 2020

Knowing your drivers can boost commercial auto profitability

Trends in economic growth, driver availability, and technology are challenging commercial auto insurers, but knowing the drivers may be the key to success.

Gettyimages 175523767 Web
December 13, 2019

Distracted driving and commercial auto

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.

Driving
May 17, 2018

Average fees for motor vehicle reports continue to rise

In total, 36 states and the District of Columbia increased MVR fees over the past decade, according to a Verisk analysis.

7604
August 1, 2017

Garaging errors: A significant cause of premium leakage

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.

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June 7, 2017

FAQs: Pilot for Texas Driver Record Monitoring Service

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…

7509
May 4, 2017

Mispriced driver risk: A leading source of premium leakage

Misrepresented driver risks are the top overall source of premium leakage for insurers, accounting for $16.5 billion a year.

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March 30, 2017

Average fees for motor vehicle reports approach double digits

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…

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March 22, 2017

June launch expected for Texas Driver Record Monitoring Service

It appears all systems are go for the Texas Driver Record Monitoring Service (DRMS) to launch in June, according to state sources.

7438
March 7, 2017

Auto insurance premium leakage: A $29B problem for the industry

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

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October 7, 2016

For insurers, risk management as important as retention efforts

Many auto insurance companies focus on retention to combat reductions in premium, but they shouldn't neglect risk management.

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September 7, 2016

How do motor vehicle report fees affect insurers?

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…