Improving Commercial Auto Profitability with Emerging Driver-Based Rating Factors
Sustaining profitability in commercial auto insurance can be challenging, but the following developments in driver-based rating factors could change the competitive landscape:
Life experience data
Driver claims history
Driver violation likelihood
Alternatives to consumer credit data
These cost-effective, driver-centric data assets fit together to augment a carrier’s existing underwriting processes. They can enable carriers to better understand the overall risk associated with a commercial fleet—enabling better risk selection and pricing, lowering costs, and improving profitability.
Download this white paper to learn more about emerging driver-based rating factors.