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Carriers are losing $29 billion annually in premium losses Currently, every carrier faces the dilemma between gaining new business through quick and easy customer service and writing policies with as little risk as possible. Ideally, this should be a simple process that mitigates risks for the carrier and gives the best coverage possible for the […]

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Pictures prove extent of commercial use of a personal vehicle   Unfortunately, vehicles insured on personal auto policies are used for commercial business purposes at a surprising rate. When that happens, carriers lose out on premium and lose even more when accidents occur because commercial use vehicles carry higher risk. Carriers employ various methods to […]

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Vehicle Sighting Data vs Telematics Explained Never heard of vehicle sightings? Or maybe you have but want to understand how it differs from telematics. Before we get into the specifics, let’s address why you should care. Telematics continue to rank among one of the top trends in the industry. Yet the fact remains that, telematics […]

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SIUs use vehicle location sightings to detect occupancy fraud. When a surprising number of people report an ambivalence toward insurance fraud, and even view it as a “harmless crime,” it’s easy to see why insurers across all industries continue to grapple with fraud. Take occupancy fraud for instance. You say you are purchasing a home […]

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