DRN’s first-ever Virtual Showcase brought together experts from across the auto industry to discuss perspectives, trends and best practices for using license plate recognition (LPR) data to solve various challenges and drive success. One section of the agenda focused on the auto insurance piece of the industry, specifically on how
The last several months have created numerous challenges and changes for businesses of all kinds. But one thing that hasn’t changed is the value of bringing experts together to discuss the state of our industry, best practices, and trends and innovations that can drive our future success. While we can’t
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
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.
DRN guarantees to find at least 4% commercial use of at-risk personal auto policies FORT WORTH, TX 04/13/2017 – In response to the industry’s issues in the personal lines auto market, DRN’s Picture Proof provides a quick, substantial and positive impact on the combined ratios of a carrier’s auto book.
Studies show high rates of commercial use before it gets to claims. What does it cost carriers to wait? Carriers invest millions in claims technology and processes, so it’s easy to understand why they have so much faith in claims. Here’s where that becomes a problem when carriers believe claims
Add vehicle sighting data to insurance carrier predictive analytic models; you’ll be surprised at what you find out. There is no debating the value of insurance carrier predictive analytics. Property and casualty insurers report that models built from predictive analytics help them to improve business performance. And like any business
Hint: Our pictures show it’s higher than you think – find fraud, stop fraud. Approximately 20% of all registered personal autos are pickup trucks. So not including the old Econoline vans, new Sprinters, and other types of at-risk vehicles, you know on average that at least 20% of your book
Commercial auto carriers look beyond differentiating to compete including vehicle location data to detect fraud at quote. Once again the commercial auto lines industry is experiencing rising losses. Once again the solution to bad results is to raise everyone’s rates to make up for the losses. Once again good risks
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
DRN’s first-ever Virtual Showcase brought together experts from across the auto industry to discuss perspectives, trends and best practices for using license plate recognition (LPR) data to solve various challenges and drive success. One section of the agenda focused on the auto insurance piece of the industry, specifically on how
The last several months have created numerous challenges and changes for businesses of all kinds. But one thing that hasn’t changed is the value of bringing experts together to discuss the state of our industry, best practices, and trends and innovations that can drive our future success. While we can’t
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
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.
DRN guarantees to find at least 4% commercial use of at-risk personal auto policies FORT WORTH, TX 04/13/2017 – In response to the industry’s issues in the personal lines auto market, DRN’s Picture Proof provides a quick, substantial and positive impact on the combined ratios of a carrier’s auto book.
Studies show high rates of commercial use before it gets to claims. What does it cost carriers to wait? Carriers invest millions in claims technology and processes, so it’s easy to understand why they have so much faith in claims. Here’s where that becomes a problem when carriers believe claims
Add vehicle sighting data to insurance carrier predictive analytic models; you’ll be surprised at what you find out. There is no debating the value of insurance carrier predictive analytics. Property and casualty insurers report that models built from predictive analytics help them to improve business performance. And like any business
Hint: Our pictures show it’s higher than you think – find fraud, stop fraud. Approximately 20% of all registered personal autos are pickup trucks. So not including the old Econoline vans, new Sprinters, and other types of at-risk vehicles, you know on average that at least 20% of your book
Commercial auto carriers look beyond differentiating to compete including vehicle location data to detect fraud at quote. Once again the commercial auto lines industry is experiencing rising losses. Once again the solution to bad results is to raise everyone’s rates to make up for the losses. Once again good risks
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