Use New Vehicle Technology to Reduce Risk & Improve Pricing in Underwriting

Presented by

Kumi Walker (Root Insurance Company) Jason Verlen (CCC) Marty Ellingsworth (Celent)

About this talk

The increasing adoption of new vehicle technology has made calculating the value of a vehicle more difficult. Paradoxically, much of the technology that is driving the industry forward, from increased safety features to access to valuable driving data, is adding a new level of complexity to underwriting. Today, many carriers are unaware of the specific costs new advanced driver-assistance systems (ADAS) features have on vehicles, or how leveraging individualized driving behavior data can inform decision-making. With the speed of innovation increasing all the time, how can underwriters keep up? Find out in this upcoming webinar… You’ll hear from: - Kumi Walker, Chief Strategy and Business Development Officer, Root Insurance Company - Jason Verlen, Senior Vice President of Product Management, CCC - Marty Ellingsworth, Industry Analyst, Celent In this webinar you’ll: - Get actionable data points from connected vehicles. Use near-real time insights, such as driving behaviours and patterns, to attract and retain highest performing segments of business and more accurately reflect the price-to-risk relationship. - Hear how to use ADAS to improve pricing. Understand how ADAS features, used by policyholders, can lead to a decline in accident frequency and severity, more accurate risk assessment and more refined pricing models. - Address the demand for digital. Embrace an artificial intelligence-centred approach to increase the efficiency of existing processes and gain valuable insights, such as potential pre-existing damage, to help reduce risk at the point of quote. - Overcome a lack of data: Reconcile the growth in vehicle safety features with a lack of data and a lack of standards and find out how insurers can validate the performance of safety technology. This webinar is sponsored by CCC and by signing up you agree to share your information with this organization.

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