Breaking 100: Why Telematics is Well Suited to Stimulate Commercial Auto Insurance Underwriting Value

On-Demand Webinar:

The commercial auto insurance market has been challenging in recent years. Industry combined ratios have exceeded 100 every year since 2011, with few signs of recovery. Insurers are looking for new techniques to improve their portfolio performance, including predictive tools and operational solutions. Telematics data, specifically in relation to driver behaviors from connected vehicles and commercial fleets, provides significant potential to segment and rate risk more accurately and stimulate profitability.

While telematics technology is relatively new to private passenger auto, commercial fleets have integrated telematics hardware for more than 30 years to monitor vehicles and track cargo. Today, fleet owners and managers use advancements in telematics technology and data output for logistics planning, fuel efficiency, vehicle diagnostics, and driver safety coaching. Use of such telematics data for insurance underwriting purposes can be a natural extension and ideal for this diverse risk base. Our presentation will provide an overview of how commercial auto insurers can enhance underwriting value by leveraging telematics data.

Who Should Watch:
All levels of underwriting, actuaries, rating and product operations personnel, telematics service providers, and automakers

Presentation Date:
Monday, October 24, 2016

Zack Schmiesing
Director, Thought Leadership- Telematics
Verisk Insurance Solutions