Rating Integrity
The mystery of deteriorating loss ratios
A new Verisk Innovation Paper, Application Integrity: The Whole Truth, explores the mystery of three large personal automobile insurance carriers that were struggling…
Opening the gateway to model-ready telematics data
For insurers developing UBI programs or considering this market, the journey begins with usable data—and the Verisk Data Exchange has it.
Mispriced driver risk: A leading source of premium leakage
Misrepresented driver risks are the top overall source of premium leakage for insurers, accounting for $16.5 billion a year.
Average fees for motor vehicle reports approach double digits
An updated Verisk Insurance Solutions analysis confirms that motor vehicle report (MVR) fees have continued to increase over the past decade, during which time state…
Auto insurance premium leakage: A $29B problem for the industry
This is the first article in a multi-part series based on the Innovation Paper from Verisk Insurance Solutions, The Challenge of Auto Insurance Premium Leakage
For insurers, risk management as important as retention efforts
Many auto insurance companies focus on retention to combat reductions in premium, but they shouldn't neglect risk management.
A tale of two UBI programs, as told over Twitter
Usage-based insurance program best practices are analyzed by comparing tweets among users of two programs
Ending the roof age compromise
While insurance pricing and product managers may not intentionally compromise risk management, there may be gaps due to the accuracy of their roof age data.
How do motor vehicle report fees affect insurers?
A Verisk analysis finds that motor vehicle report (MVR) fees have increased an average of almost 50 percent during the past ten years and discusses ways for insurers to…
Property characteristics that influence replacement cost estimates
Verisk's 360Value team analyzed total-loss properties to determine which building characteristics yield the most reliable replacement cost estimates.
Underwriting practices and solutions evolve as MVR costs rise
A Verisk analysis finds that motor vehicle report (MVR) fees have increased an average of almost 50 percent during the past ten years and discusses ways to save.
The automotive industry’s connected future
Verisk' Barbara Sohn interviews General Motors' Greg Ross on how connected-car technology will change the landscape for automobile and insurance industries..
360Value residential prefill now even more robust
Verisk has expanded its 360Value® replacement cost estimation system to include existing claims and underwriting prefill data for residential properties.
Verisk to pilot Texas Driver Record Monitoring Service
Verisk’s iiX will pilot the Texas Driver Record Monitoring Service (DRMS) to enable insurers to monitor the driving records for adverse activity.
A-PLUS Claims Activity Profiler improves quote accuracy
A-PLUS Claims Activity Profiler is a new claims indicator product that optimizes loss history expenses for personal auto and property lines of business.