Brad Magick, CPCU

Driving profitable retention requires a multi-faceted approach. Verisk is uniquely positioned to help insurers retain the right customers.

Verisk innovations enable identification of auto insurance applicants involved in special investigations unit claims at the point of quote.

Personal auto insurers face substantial profitability challenges. Renewal book strategies are one of the fastest ways to recharge profits.

Artificial intelligence powers search-and-match algorithms that improve hit rates and predictive analytics help identify insurance fraud.

A new Verisk analysis evaluates the personal auto insurance industry and how to get back on track using several strategies and solutions.

Verisk has seen a marked increase in insurers seeking strategic sourcing of non-rate actions to confront premium leakage in 2023.

Non-rate actions that don’t require a rate filing are one of the fastest ways to help with insurers’ profitability during a hard market.

Personal auto insurance is set for a hard market in 2022 as claim frequency and severity rise amid inflationary pressures and risky driving.

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

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