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.
Personal auto insurance is set for a hard market in 2022 as claim frequency and severity rise amid inflationary pressures and risky driving.
How connected cars, smart homes, and electric vehicles could impact personal lines insurance carriers and agents.
Increasing speed is becoming the norm for auto insurance quotes, driving digital transformation and data-forward strategies.
Personal auto insurers had a year without precedent in 2020, and 2021 may break more new ground, but in very different ways.
Personal auto mileage has fluctuated widely through the pandemic and the emerging new normal. It may be time for insurers to leverage analytics to avoid premium leakage.
Turn connected cars into a new marketing channel that supports profitable growth in personal auto insurance by using telematics information for proactive prospecting.
Auto insurers can now access driving behavior data from Hyundai through the Verisk Data Exchange to support usage-based insurance and telematics innovation.
Verisk continues to watch personal auto insurance trends resulting from the COVID-19 pandemic and provide likely scenarios and guidance for the new normal.
As personal auto insurers navigate the coronavirus recession and recovery, complex social and economic trends appear set to shape the industry’s “new normal.”
One statistic profoundly affected by COVID-19 lockdowns has been miles driven, and so capturing mileage more precisely may become critical for auto insurers.
The COVID-19 pandemic is bringing a “new normal” to personal auto insurance, with similarities and contrasts to the Great Recession.
About one in eight U.S. drivers doesn't purchase insurance, representing an intriguing and untapped market for insurers. Usage-based insurance (UBI) may raise a…
An updated Verisk analysis shows that the elevated auto claim frequency and severity that emerged in 2014 and continued into 2015 did not subside in 2016.
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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