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Renewal Analytics

November 11, 2015

Underwriting practices and solutions evolve as MVR costs rise

A Verisk analysis finds that motor vehicle report (MVR) fees have increased an average of almost 50 percent during the past ten years and discusses ways to save.

October 1, 2015

Verisk to pilot Texas Driver Record Monitoring Service

Verisk’s iiX will pilot the Texas Driver Record Monitoring Service (DRMS) to enable insurers to monitor the driving records for adverse activity.

September 11, 2015

Validating coverage for undisclosed drivers stems premium leakage

Case study: Validating coverage for undisclosed drivers stems premium leakage

September 1, 2015

Louisiana House Bill 638 sets fine for insurance noncompliance

Louisiana House Bill 638 imposes maximum fine of $525 for failure to pay or resolve notice of noncompliance with state's compulsory insurance law.

July 1, 2015

Retention with profit: Best practices for auto underwriting

Enhanced underwriting practices required in response to emerging technology trends, tight competition, fraud risk.

July 1, 2015

GarageConfirm alerts auto insurers to potential garage fraud

Verisk GarageConfirm leverages more than 4 billion records in license plate database to help insurers identify and combat garaging fraud.

July 1, 2015

DMV prohibits sale of New York vehicle registration reports

The New York Department of Motor Vehicles has interpreted state law as prohibiting the sale of New York vehicle registration information to insurers.

April 15, 2015

Verisk Commercial Auto Prefill delivers competitive advantages

Infographic: Innovations in prefill technology can affect commercial auto insurance operations in statistically significant and profitable ways.

April 1, 2015

Mileage matters: New tools to get it right

Getting mileage information right is a competitive necessity for auto insurers. New tools make it possible.

April 1, 2015

Revolutionizing customer acquisition with data and analytics

Verisk analysis shows how to improve and reduce the cost of the customer acquisition process, for both the consumer and the insurer.

April 1, 2015

Process review helps engage customers and improve processes

Verisk's complimentary Business Process Review service helps select insurance customers analyze and improve the way they do business.

February 15, 2015

Tracking changes in policyholders' lives critical for insurers

Infographic: Life events that affect auto underwriting risk can change anytime.

January 1, 2015

Can license plate information reduce underwriting fraud?

The insurance industry is using vehicle location information and technologies used by law enforcement to detect fraud early in the underwriting process.

January 1, 2015

Combined ratio and other trends

Property/casualty insurers’ net income and overall profitability both declined in the first nine months of 2014.

October 1, 2014

Creating a higher-quality auto application

Prevent fraud; ensure a more complete, accurate application; and identify high-quality insurance applicants early in the quote phase.