Personal Auto Underwriting
Having the best of both worlds in property and auto inspections
Determining or verifying key risk characteristics of insured property or vehicles can be costly, labor-intensive, and time-consuming.
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.
Mozart’s new features make finding & updating forms easier than ever
With concept search, preferred wordings, and workflow enhancements, Mozart helps to easily find & update forms.
Know a vehicle’s history to achieve more precise rating segmentation
Auto History Score is purpose-built using modeled data, correlated with future claims, to help auto insurers refine rating segmentation.
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.
Personal lines insurance quoting can be a smoother journey—no kidding
Personal lines insurers seek fast quoting for better customer experiences (CX), but they also need rigorous cost and underwriting controls.
How to extract more value from auto insurance underwriting data
Competition and growing digital information sources demand that auto insurers balance underwriting data consumption with cost efficiency.
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.
Identify hidden drivers throughout the policy life cycle
Undisclosed drivers cause the most premium leakage in auto insurance, but data across the policy life cycle can help tackle the problem.
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.
Accelerating competitiveness with a digital auto insurance ecosystem
How can auto insurance leaders adapt and stay competitive amid evolving pandemic-related trends? The key may be a digital ecosystem.
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.
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.