Artificial intelligence powers search-and-match algorithms that improve hit rates and predictive analytics help identify insurance fraud.
A new Verisk analysis evaluates the personal auto insurance industry and how to get back on track using several strategies and solutions.
A new Verisk analysis finds the national average motor vehicle report (MVR) fee has risen to $10.65 and increased more than 25 percent over the past decade.
Determining or verifying key risk characteristics of insured property or vehicles can be costly, labor-intensive, and time-consuming.
Verisk has seen a marked increase in insurers seeking strategic sourcing of non-rate actions to confront premium leakage in 2023.
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.
With concept search, preferred wordings, and workflow enhancements, Mozart helps to easily find & update forms.
Auto History Score is purpose-built using modeled data, correlated with future claims, to help auto insurers refine rating segmentation.
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.
Personal lines insurers seek fast quoting for better customer experiences (CX), but they also need rigorous cost and underwriting controls.
Competition and growing digital information sources demand that auto insurers balance underwriting data consumption with cost efficiency.
Increasing speed is becoming the norm for auto insurance quotes, driving digital transformation and data-forward strategies.
Undisclosed drivers cause the most premium leakage in auto insurance, but data across the policy life cycle can help tackle the problem.
Personal auto insurers had a year without precedent in 2020, and 2021 may break more new ground, but in very different ways.
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