High claim severities show little sign of slowing down
1.
2.
Insurers take aggressive steps to address profitability challenges
3.
Consumers respond sharply to market conditions by shopping and switching auto policies
4.
Risky driving behavior persists
5.
As electric vehicle sales grow, so do insurance risks
Establish rate adequacy for existing and new customers across all market cycles
Balance their entire portfolio
Tackle claims with a broader industry perspective
Better manage overall risk with high-predictability models
Get a clearer picture of their competitive position