Rate Manipulation
Customers are using the knowledge they gained from shopping to manipulate rates more. Modern quotation systems make it easy for customers to […]
Six auto insurance trends driven by the pandemic.
It’s been a century since the United States has experienced a pandemic on the scale of the current COVID19 outbreak, resulting in […]
How to fight fraud and please sales at the same time
One of the biggest issues in insurance fraud prevention is managing error rates. The goal is to detect as many of the […]
Going Direct? There are five things direct auto carriers must stop
The P&C personal lines industry is in the midst of a technological and distribution revolution. Younger customers want to shop for and […]
VeracityID uses AI machine learning to create the P&C insurance industry's first operational predictive fraud score model.
Everybody talks about underwriting insurance fraud but nobody ever does anything about it. Until now. – John Macauley Property & Casualty insurers know […]
The missing link
It’s well understood that fraud is common in p&c insurance and that the best time to stop a fraudster is before he […]
Auto Insurers are being hacked to death
In a previous piece we explained] how the billions of dollars auto carriers have been investing in new technology, new distribution channels and […]
Auto insurance carriers will continue to lose to Geico and Progressive until they deal with Point of Sale fraud.
A strange thing happened to the US auto insurance industry last year: two carriers – Geico and Progressive – gained market share […]
If carriers want to make real progess on auto fraud, they need to change their focus
Lots of fraud75 percent of it is only addressable up front, before the risk is takenyet carriers are focused on the other […]
It's time for the auto industry to fight right
Pity the leaders of America’s auto insurance carriers: they’ve been making herculean efforts to compete: investing billions in new core systems, expanding […]
The things auto carriers are doing to be competitive aren't going to work
Last year Geico and Progressive (G&P) wrote 52% of new auto policies in the US, outperforming the entire rest of the industry. […]
Billing Scam Case Study
The ProblemAuto policy duration is falling. In the online market the average duration of a policy is substantially less than six months. […]
