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Connected cars pave the way for targeted growth and profitability in usage-based insurance
Turn connected cars into a new marketing channel that supports profitable growth in personal auto insurance by using telematics information for proactive prospecting.
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.
9 likely new-normal scenarios for personal auto insurance
As personal auto insurers navigate the coronavirus recession and recovery, complex social and economic trends appear set to shape the industry’s “new normal.”
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.
One-rate auto insurers can own the future
Digital transformation can play a key role in boosting the number of auto insurance customers who make a seamless journey from quote start to bind.
The new economics of a data-forward auto quoting strategy
Substantial investments can keep companies anchored to legacy processes, but auto insurers may need to rethink their quote flows to pursue profitable growth.
Reimagining the customer experience in personal auto
Insurers are meeting consumers in a new world of expectations set not only by their direct competitors but by retail businesses outside the insurance industry.
Rate Call 2 is a dinosaur; InsurTech is the incoming meteor
Competition and tight margins have driven many personal auto insurers to a sales process in which a customer may see the quoted rate change before bind.
Verisk named People's Choice Innovation Vendor of the Year by Insurance Nexus
Insurance Nexus, a global provider of insights and events for the insurance industry, has named Verisk as its People’s Choice Innovation Vendor of the Year.
Rethinking insurance for a rapidly changing world
The growth of smartphones and online shopping has changed consumers' expectations. They want a fast, accurate, and personalized buying experience. They want coverages for…
Microservices help insurers succeed when timing matters
In this second installment of a two-part series on technology platforms that are revolutionizing the insurance industry, Verisk’s Jason Polayes shares some opinions on…
Microservices help insurers with scalable innovation
In this first installment of a two-part series on technology platforms that are revolutionizing the insurance industry, Verisk’s Tim Coyle gives a primer on microservices…
Solving the millennial marketing mystery
The unique preferences and buying habits of millennials may force insurers to build a distinct marketing infrastructure around this one significant demographic.
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.
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…