Radius misclassification is a major source of premium leakage. A Verisk study showed that commercial auto insurers will lose $6.4 billion in premium leakage over a four-year period—and that’s just due to radius misclassification. In this session, learn how Verisk can help you stop Radius misclassification with the help of RadiusCheck®.
RadiusCheck supplies additional useful data, such as:
- radius class and relative loss cost impact
- summarized sighting information by vehicle and location
- visual data
- date and time stamp
- latitude and longitude
Presentation Date:
Thursday, August 20, 2020
Who Should Watch:
Product managers; Underwriting; Product leadership
Speaker:
Diane Injic
Director, Commercial Auto Underwriting
ISO