Commercial auto insurance has been unprofitable for more than a decade. During the same period, insurers have felt the impact of more than $30 billion of social inflation and riskier driving behavior. Yet while the industry overall continues to lose money, some carriers consistently write business profitably. It’s not luck; many of these companies have invested in data and analytics that give them a competitive advantage and help avoid adverse selection.
A new Verisk white paper explores four strategies to modernize for the long haul…
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