Premium leakage is a critical issue for carriers writing personal auto insurance, particularly with the rising severity of claims. However, by utilizing data and building partnerships with auto manufacturers, data providers and new insurtech vendors; carriers can take steps to limit exposures due to incorrect mileage and garaged locations. Join us in building a community to solve this problem.
Ash Naik
Recent Posts
Premium Leakage Problem
Jan 24, 2023 / by Ash Naik posted in Insights, Issues & Trends, Data & Technology, New/Emerging Risks, Auto, AAIS News & Views, AAIS Insights, Personal Auto
Fuel For Electric Vehicles: EV Needs & Efficiencies in California
Oct 13, 2022 / by Ash Naik posted in Insights, Issues & Trends, Data & Technology, New/Emerging Risks, Auto, AAIS News & Views, AAIS Insights, Personal Auto
Recent discouragement of charging electric vehicles (EVs) by officials in California in the wake of a severe heatwave prompted further research into power generation, EV charging needs and efficiencies as we move towards an “all-electric” future.
Is UBI Moving Full Speed Ahead? AAIS Report Snapshots Consumer Attitudes
May 20, 2022 / by Ash Naik posted in Issues & Trends, Telematics, Auto, Commercial Auto, Personal Auto, AAIS Views, auto insurance, UBI, Usage Based Insurance
While the telematics capabilities that enable auto insurers to track mileage and driving behaviors continue to advance, Usage-Based Insurance (UBI) has potentially been slow to gain traction among consumers. In keeping with our mission of working with Members to design the best possible insurance products, AAIS recently went direct to consumers to understand the reservations that may be stalling adoption of UBI products and strategies to overcome these obstacles.
Keeping Pace with the Evolving Auto Industry
Nov 2, 2021 / by Ash Naik posted in Community, Technology, Issues & Trends, Data & Technology, Tech News, Telematics, P&C Insurers, Auto, Commercial Auto, AAIS News & Views, AAIS Insights, Personal Auto, Data/Tech, Insurance Line of Business
A Fast-Moving Auto Industry Presents Challenges and Opportunities
The automotive industry transformation continues to have significant repercussions in the insurance industry. With improving sophistication in car technology, telematics, and consumer behaviors, insurance carriers face new and unprecedented challenges spanning the entire lifecycle of the policy from research to claims. Still, personal and commercial auto insurance remain the industry bellwether as the largest product lines accounting for more than $300 billion in annual premiums.