Does the hard road to profitability in commercial auto insurance have to lead to endless detours? Social inflation and riskier driving can wreak havoc on results: Industrywide combined ratios have exceeded 100 for more than a decade. Yet while the industry overall continues to lose money, some carriers consistently write business profitably. It’s not luck; many of these companies have invested in data and analytics that give them a competitive advantage.
There are ways out of this dead end. To modernize for the long haul, a new Verisk whitepaper, Commercial Auto Profitability: Analytic Approaches and Innovative Tools , explores four strategies for success.
To get a deep dive into how these strategies can serve commercial auto insurance leaders’ objectives, Download the white paper