Mileage
How non-rate actions are easing personal auto profitability pressures
Verisk has seen a marked increase in insurers seeking strategic sourcing of non-rate actions to confront premium leakage in 2023.
Non-rate actions: Dial in profit during a hard personal auto market
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.
Between a rock and a hard market: Solutions for personal auto
Personal auto insurance is set for a hard market in 2022 as claim frequency and severity rise amid inflationary pressures and risky driving.
Three emerging technologies reshaping the future of personal lines
How connected cars, smart homes, and electric vehicles could impact personal lines insurance carriers and agents.
Transform auto quote experiences for what comes next
Increasing speed is becoming the norm for auto insurance quotes, driving digital transformation and data-forward strategies.
2021 personal auto growth and profitability: Unprecedented in new ways
Personal auto insurers had a year without precedent in 2020, and 2021 may break more new ground, but in very different ways.
Unpacking the 2021 new normal for personal auto mileage
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.
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.
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.
Awaiting a verdict: The evidence so far on personal auto’s new normal
Verisk continues to watch personal auto insurance trends resulting from the COVID-19 pandemic and provide likely scenarios and guidance for the new normal.
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.”
Capturing mileage across a shifting auto insurance landscape
One statistic profoundly affected by COVID-19 lockdowns has been miles driven, and so capturing mileage more precisely may become critical for auto insurers.
Great Recession Infographic—déjà vu for personal auto insurers?
The COVID-19 pandemic is bringing a “new normal” to personal auto insurance, with similarities and contrasts to the Great Recession.
UBI: A tool for growth and inclusion
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…
Auto frequency, severity: Woes persist
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.