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.
The growth of smartphones and online shopping has changed consumers' expectations. They want a fast, accurate, and personalized buying experience. They want coverages for…
A few generations ago, it took some time to produce an auto insurance quote, but it was usually reliable.
Insurers should not be asking, 'Will millennials need coverage?' but rather, 'How can we effectively provide coverage to this market segment?'
Verisk's Coverage Verifier contribution accelerator, which has received the Ready for Guidewire designation, can help support this objective.
Hyundai’s entry to the Verisk Data Exchange brings the total U.S. market share of participating automakers to 32 percent. Participating OEMS also include General Motors,…
Consumer expectations are rapidly changing, and insurers are constantly being challenged to improve their customer experience. But making quick underwriting decisions…
One might assume that, when dealing with insurers, agents are motivated primarily by commissions. However, according to a recent Verisk agent survey, that's not true at…
Mark Breading, partner with Strategy Meets Action, spoke with Verisk’s Steve Lekas on the emerging InsurTech movement at Verisk’s Risk & Analytics Summit.
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,…
Our economy is in the midst of major disruption, with technology and pressure from insurtech startups changing almost everything we do and the way our customers behave.
A Verisk analysis reveals that misinformation about insured vehicles accounts for billions of dollars in premium leakage for personal auto insurers.
Telematics, advanced driver-assistance systems, and autonomous vehicles are rapidly refining risk management. Will traditional auto policies one day go the way of the…
Drones are expected to have a $6.8 billion impact on the insurance industry.
A new Verisk Innovation Paper, Application Integrity: The Whole Truth, explores the mystery of three large personal automobile insurance carriers that were struggling…