A new Verisk Innovation Paper, Application Integrity: The Whole Truth, explores the mystery of three large personal automobile insurance carriers that were struggling…
Misrepresented driver risks are the top overall source of premium leakage for insurers, accounting for $16.5 billion a year.
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
Precision technologies are making information for underwriting decisions more abundant and accessible than ever before, with predictive analytics multiplying the power of…
Many auto insurance companies focus on retention to combat reductions in premium, but they shouldn't neglect risk management.
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 for insurers to…
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.
Verisk’s iiX will pilot the Texas Driver Record Monitoring Service (DRMS) to enable insurers to monitor the driving records for adverse activity.
Case study: Validating coverage for undisclosed drivers stems premium leakage
Louisiana House Bill 638 imposes maximum fine of $525 for failure to pay or resolve notice of noncompliance with state's compulsory insurance law.
Enhanced underwriting practices required in response to emerging technology trends, tight competition, fraud risk.
Verisk GarageConfirm leverages more than 4 billion records in license plate database to help insurers identify and combat garaging fraud.
The New York Department of Motor Vehicles has interpreted state law as prohibiting the sale of New York vehicle registration information to insurers.
Infographic: Innovations in prefill technology can affect commercial auto insurance operations in statistically significant and profitable ways.
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