Underwriting and Rating
Commercial Auto Insurance SolutionsTimely, reliable commercial auto underwriting data and analytics can be hard to find in insurance-ready form—but it’s critical to building speed, accuracy, scale, and outstanding customer experiences that help drive profitable growth and customer retention.
Commercial auto insurance has been unprofitable for more than a decade, with combined ratios exceeding 100 from 2011-2021.1 Insurers have felt the impact of more than $30 billion of social inflation from 2012-2021,2 and the rate of traffic fatalities remains almost 20% above pre-pandemic levels.3 How can you make the journey easier?
In a commercial auto market full of twists and turns, see how a stable partner with an agile mindset can help you master your challenges.
Prepare to grow with robust programs, pinpoint pricing, and incisive market insights.
Use robust vehicle, driver, business, and loss history data for more accurate risk selection.
Get the most from your fleet, operator, and business data—and maintain compliance.
Across your spectrum of risk, look to us for programs grounded in rich data, insightful analytics, and deep expertise.
Underwriting solutions to develop, rate, implement, manage, and grow a book of commercial property insurance business. Data-first strategies that transform expense ratios.
Capture your best opportunities in small commercial insurance with better risk assessment and straight-through processing using automated Verisk solutions.
Verisk is a leader in forms, rules, loss costs, and rating-related information to provide end-to-end support for general liability insurance programs.
Verisk offers a variety of solutions for personal auto insurers to help with underwriting and rating, fraud, and predictive analytics.
1. Aggregates and Averages, AM Best, 2011-2023.
2. "Social Inflation Contributed to $30B Increase in Commercial Auto Costs, Paper Finds," Insurance Information Institute, March 6, 2023.
3. Early Estimate of Motor Vehicle Fatalities for the First Quarter of 2023, U.S. Department of Transportation and National Highway Safety Administration, June 2023.