Increasing speed is becoming the norm for auto insurance quotes, driving digital transformation and data-forward strategies.
Undisclosed drivers cause the most premium leakage in auto insurance, but data across the policy life cycle can help tackle the problem.
The next generation of ERC offers cloud-based deployment, a smart API, and technology upgrades that reduce the use of scarce IT resources.
Personal auto insurers had a year without precedent in 2020, and 2021 may break more new ground, but in very different ways.
How can auto insurance leaders adapt and stay competitive amid evolving pandemic-related trends? The key may be a digital ecosystem.
Personal auto mileage has fluctuated widely through the pandemic and the emerging new normal. It may be time for insurers to leverage analytics to avoid premium leakage.
The cost of motor vehicle reports (MVRs) continues to climb for insurers; the latest Verisk analysis shows the nationwide average at $10.32.
Auto insurers seeking to grow and improve may do well to pursue underwriting technology that meets the demands of today and tomorrow.
Verisk has dramatically expanded the available consumption models for ISO rating content, including a new cloud-based “Rating as a Service,” or RaaS, model.
Harnessing unstructured data introduces more data points, granular information, and timeliness to help insurers underwrite with greater speed and accuracy.
Application integrity for personal auto insurance has deteriorated more than 20 percent over the past eight years, according to Verisk research.
Geodemographic segmentation gains traction as a way for insurers to identify groups that share similar characteristics for market analysis and decision-making.
An insurer used Verisk's Vehicle Registration Reports solution to correct vehicle data by leveraging already available information to improve their book's data accuracy.
Leveraging with ISO ERC, Vehicle Prefill, and RACA, insurers can more quickly develop and introduce new products with speed, efficiency, confidence and results.
The lack of relevant and credible cyber insurance data remains a huge challenge for the London Market, making it difficult for companies to make informed decisions around…