Adjusters can quickly find claimant details from policy information and verify the parties involved in an accident are who they say they are in Decision Net.
Verisk continues to watch personal auto insurance trends resulting from the COVID-19 pandemic and provide likely scenarios and guidance for the new normal.
Average fees for motor vehicle reports (MVRs) continue their upward march, according to the latest Verisk analysis reaching $10.14 as of August 1, 2020.
As personal auto insurers navigate the coronavirus recession and recovery, complex social and economic trends appear set to shape the industry’s “new normal.”
One statistic profoundly affected by COVID-19 lockdowns has been miles driven, and so capturing mileage more precisely may become critical for auto insurers.
ADAS features are becoming increasingly common in cars in the UK and Ireland, however insurers face challenges in obtaining accurate and meaningful data.
With much of the country closed for business due to COVID-19, many insurers face the question: How have these changes in activity affected insured risks?