Last month, my colleague David Cummings and I contributed an article to CarrierManagement.com titled Analyzing Analytics: When Does Value of Predictive Modeling Outweigh Expense? It’s become clear that personal lines carriers, especially for personal auto, have a solid hold on the value of predictive modeling. And the volume of industry data continues to expand. This [...]
telematics
With less than one month before the Verisk Customer Conference, we’re working hard to make it the insurance industry event of the year. Our comprehensive program of 36 concurrent sessions includes such diverse topics as predictive modeling, telematics, cyber risk, mobile and digital technologies, antifraud data analysis, and climate change and weather analytics. You’ll hear about emerging issues, [...]
Could the loss ratio on your preferred book of business for personal auto go up 2 percent while you’re simply an “interested observer” of the usage-based insurance (UBI) trend? Does your recently implemented UBI rating plan do little more than cancel out your current class plan? Do you believe in the mileage estimates your applicants [...]
Brian Sullivan, editor, publisher, and conference chairman, hosted another great Auto Insurance Report National Conference earlier this year in Southern California. Verisk Insurance Solutions was again a conference sponsor. Sullivan always welcomes speakers with topics that showcase emerging technologies, and this year was no exception. Richard Della Rocca, vice president, ISO Claims Solutions, spoke in [...]
In the past 15 years, more than 100 property/casualty insurance companies have either failed or merged into larger enterprises. The top ten insurance companies continue to grow, and the number of companies overall continues to decline. So how can the small insurer survive and grow? In a recently released Verisk Review article titled “Champions of [...]
