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Verisk's telematics suite offers analytical tools for your telematics or UBI program

By Visualize Editor October 1, 2013
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usage-based insurance scoring models from VeriskVerisk’s Telematics Suite offers a comprehensive set of analytical tools — GeoMetric®, Safety Scoring®, and Driving DNA® — for telematics and usage-based insurance (UBI) programs. GeoMetric is a risk score based on driving location, along with a corresponding driver discount rule that’s widely filed and accepted by state regulators. The score will help you improve rating accuracy and retain better risks by offering discounts. Safety Scoring is a risk score based on each individual’s driving style, helping you link premiums to actual driving risk. Driving DNA is a state-of-the-art platform that uses advanced mathematical algorithms to analyze driving risk. The platform features driver behavior feedback and an architecture that supports a wide range of devices, data sets, and analyses from different vendors. All the tools can integrate seamlessly into your workflow.

The suite removes several major obstacles to implementing a telematics program: IT department and data-handling concerns, data-modeling and analytics resources, customer feedback portal development, and regulatory approval hurdles.