Rating Integrity

Commercial And Personal Auto Insurance Digitization

1/6/2022 - 3 min read

Transform auto quote experiences for what comes next

Increasing speed is becoming the norm for auto insurance quotes, driving digital transformation and data-forward strategies.

Undisclosed Drivers In Insurance Portfolios

12/6/2021 - 3 min read

Identify hidden drivers throughout the policy life cycle

Undisclosed drivers cause the most premium leakage in auto insurance, but data across the policy life cycle can help tackle the problem.

11/22/2021 - 9 min read

2021 personal auto growth and profitability: Unprecedented in new ways

Personal auto insurers had a year without precedent in 2020, and 2021 may break more new ground, but in very different ways.

9/30/2021 - 4 min read

Accelerating competitiveness with a digital auto insurance ecosystem

How can auto insurance leaders adapt and stay competitive amid evolving pandemic-related trends? The key may be a digital ecosystem.

9/14/2021 - 8 min read

Unpacking the 2021 new normal for personal auto mileage

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.

8/20/2021 - 2 min read

Steady increases continue for motor vehicle report fees

The cost of motor vehicle reports (MVRs) continues to climb for insurers; the latest Verisk analysis shows the nationwide average at $10.32.

8/11/2021 - 4 min read

Auto growth and resiliency demand scalable underwriting tech

Auto insurers seeking to grow and improve may do well to pursue underwriting technology that meets the demands of today and tomorrow.

7/6/2021 - 2 min read

Cloud-based delivery boosts speed and accuracy of ISO rating content

Verisk has dramatically expanded the available consumption models for ISO rating content, including a new cloud-based “Rating as a Service,” or RaaS, model.

5/11/2021 - 4 min read

Robust data and analytics are fast-tracking small commercial underwriting

Harnessing unstructured data introduces more data points, granular information, and timeliness to help insurers underwrite with greater speed and accuracy.

4/14/2021 - 3 min read

Personal auto research: Application integrity down, fraud up

Application integrity for personal auto insurance has deteriorated more than 20 percent over the past eight years, according to Verisk research.

1/25/2021 - 2 min read

Geodemographic segmentation in insurance paves way for better customer engagement

Geodemographic segmentation gains traction as a way for insurers to identify groups that share similar characteristics for market analysis and decision-making.

1/13/2021 - 2 min read

How one auto insurer used registration data to validate VINs and flag premium leakage

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.

9/18/2020 - 2 min read

Average fees for motor vehicle reports continue upward march past $10

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.

8/5/2020 - 4 min read

Capturing mileage across a shifting auto insurance landscape

One statistic profoundly affected by COVID-19 lockdowns has been miles driven, and so capturing mileage more precisely may become critical for auto insurers.

7/20/2020 - 4 min read

COVID-19 and FCA signposting delay give travel insurers time to reflect on cover

As the FCA signposting rules encourage insurers to direct potential business elsewhere, insurers may need to re-evaluate their cover.