Personal Auto Underwriting

11/21/2019 - 1 min read

Decoding Granular Vehicle Details from the VIN

The vehicle identification number (VIN) can provide a gateway to important information, but it takes an innovative solution to unlock it.

10/14/2019 - 2 min read

Average fees for motor vehicle reports pass the $10 mark

Average fees for motor vehicle reports (MVRs) have surpassed $10 as they continue an upward march, according to the latest Verisk analysis.

9/13/2019 - 2 min read

Pursuing peace and quiet in third-party notifications

Lienholder and additional interest notifications, returned mail, producer notifications, and escrow invoices can move faster if insurers have the right tools.

8/15/2019 - 2 min read

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.

5/20/2019 - 3 min read

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.

3/29/2019 - 1 min read

Are you suffering from wording leakage? Discover the forms management cure

Are you worried that your policy forms may be inconsistent or outdated? Are you frustrated when you try to find and update forms, or get new products out the door? If so, you may be suffering from wording leakage.

3/25/2019 - 1 min read

ISO introduces solutions for insuring vehicles with driver assistance features

ISO has introduced new solutions to help auto insurers underwrite and price coverage for the growing number of cars with advanced driver assistance systems (ADAS).

3/14/2019 - 2 min read

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.

2/1/2019 - 2 min read

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.

1/31/2019 - 5 min read

Filling the talent gap: How to address the impending exodus, improve the customer experience, and enhance job satisfaction

To address the insurance industry's talent gap, let’s tell a more compelling story about our industry. Let’s capitalize on the buzz Insurtech is creating.

1/30/2019 - 1 min read

Verisk's motor vehicle report accelerator receives Ready for Guidewire designation

Verisk and Guidewire Software, Inc., provider of the industry platform property and casualty insurers rely upon, recently announced that Verisk's motor vehicle report (MVR) accelerator has received the Ready for Guidewire designation.

1/9/2019 - 6 min read

A new road: How driverless cars will transform the auto market

The auto insurance landscape is evolving like we’ve never seen before—or have we? Here's what insurers need to know.

1/4/2019 - 2 min read

The magnitude of the mileage problem in personal auto

Perception and reality often diverge when drivers estimate how many miles they drive in a year. Verisk’s 2018 Verified Mileage Study helps measure the difference: About two-thirds of drivers underreported their annual mileage to their insurers, and more than a quarter of the estimates studied were low by 6,000 miles or more.

12/10/2018 - 1 min read

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.

11/14/2018 - 2 min read

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 their specific needs, quotes that don’t change, and claims that are paid quickly.