Substantial investments can keep companies anchored to legacy processes, but auto insurers may need to rethink their quote flows to pursue profitable growth.
Some insurers are writing commercial auto profitably. Our white paper, 'What Are Successful Commercial Auto Insurers Doing Right?' explores how.
Perception and reality often diverge when drivers estimate how many miles they drive in a year. Verisk’s 2018 Verified Mileage Study helps measure the difference: About…
ISO Electronic Rating Content—working with Guidewire—is further expanding its ability to help property and casualty insurers be more nimble, efficient and cost effective.
Opportunities for profitable growth increasingly come down to who has better data and is better positioned to make good use of it. For an insurer, “good use” may mean…
VINMASTER–VINterpret Safety, is now available to deliver information on advanced driver assistance systems (ADAS) available in 2012 and newer private passenger vehicles.
VINMASTER Motorcycle is now available for companies with current or pending implementations of the ISO Motorcycle Program.
The sources of risk for a commercial auto policy can be largely broken down into three main categories: what vehicle is being driven, how and where is it driven, and who…
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,…
As Gulf Coast communities from Texas to the Florida Keys begin a years-long recovery from the onslaughts of hurricanes Harvey and Irma, another surge is on the way. This…
Underreported mileage is a major factor in claim volume, driving more than $5 billion each year in premium leakage.
Data-driven, big data. Knowledge worker, knowledge management. Information economy, information age. Such terms are tossed around all the time, but what do they really…
A Verisk analysis reveals that misinformation about insured vehicles accounts for billions of dollars in premium leakage for personal auto insurers.
Insurers regularly need to develop customized updates to coverage forms, but are faced with challenges because they rely on manual processes and inadequate technology.
Verisk has facilitated insurers’ ability to manage roof risk with 360Value Roof Actual Cash Value (ACV), a tool for estimating a roof’s actual cash value.