Auto Insurance

Changes in buyers' behavior mean an insurer using MSRP to set an insurance value is underpricing the vehicle from the start.

Insurance insiders understand why premiums need to climb for autos and homes -- but consumers are angry. 

Typically, a risk is underwritten, bound... and forgotten. But new streams of data and automation allow for continuous underwriting.

Soaring combined ratios demonstrate P&C insurance is due for fundamental, structural reform. Innovative solutions are available. 

Tools like ChatGPT and Bard offer endless applications for auto insurers, but adoption of generative AI isn’t a linear path. 

While large personal auto insurers have adopted telematics-based programs, they’re only scratching the surface of the potential benefits.

AI applications have been used for discrete tasks but will soon drive end-to-end decisions across the entire claims management experience. 

An active, efficient accident management program can save hundreds of dollars per claim and potentially cut days off a claim’s cycle time.