VISUALIZE | INSIGHTS THAT POWER INNOVATION

Renewal Analytics

Teaser
September 14, 2021

Unpacking the 2021 new normal for personal auto mileage

Verisk has been closely monitoring new-normal trends for the U.S. personal auto insurance market; there's a lot to unpack around mileage.

Teaser
August 20, 2021

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.

Visualize Getty 654540178
August 5, 2020

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.

Life Events Premium Leakage
November 16, 2017

You’ve changed: Life events fuel premium leakage

Like any long-term relationship, the one between an insurer and a policyholder is bound to evolve as circumstances change. Events in the customer’s life—marriage,…

Hurricane Irma Flood
November 1, 2017

Flood titles: In the wake of hurricanes

As Gulf Coast communities from Texas to the Florida Keys begin a years-long recovery from the onslaughts of hurricanes Harvey and Irma, another surge is on the way. This…

Speedometer 500
September 28, 2017

Mileage drives $5 billion in annual premium leakage

Underreported mileage is a major factor in claim volume, driving more than $5 billion each year in premium leakage.

Defining Data And Knowledge
September 26, 2017

Defining the nuances of data, information, and knowledge

Data-driven, big data. Knowledge worker, knowledge management. Information economy, information age. Such terms are tossed around all the time, but what do they really…

7714
September 6, 2017

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.

7706
August 30, 2017

Avoid vehicle errors to curb premium leakage

A Verisk analysis reveals that misinformation about insured vehicles accounts for billions of dollars in premium leakage for personal auto insurers.

7689
August 15, 2017

For actionable building information, you need to COPE

There’s a lot of information one can gather on a building or commercial property. Regardless of the perils being considered, the more reliable and precise that…

7604
August 1, 2017

Garaging errors: A significant cause of premium leakage

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.

7547
June 7, 2017

The mystery of deteriorating loss ratios

A new Verisk Innovation Paper, Application Integrity: The Whole Truth, explores the mystery of three large personal automobile insurance carriers that were struggling…

7509
May 4, 2017

Mispriced driver risk: A leading source of premium leakage

Misrepresented driver risks are the top overall source of premium leakage for insurers, accounting for $16.5 billion a year.

7438
March 7, 2017

Auto insurance premium leakage: A $29B problem for the industry

This is the first article in a multi-part series based on the Innovation Paper from Verisk Insurance Solutions, The Challenge of Auto Insurance Premium Leakage

7293
November 3, 2016

Personal lines transformation: underwriting in the age of innovation

Precision technologies are making information for underwriting decisions more abundant and accessible than ever before, with predictive analytics multiplying the power of…