-

AM Best to Host Webinar on Auto Insurance Quote Manipulation

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best will host a complimentary webinar, titled, “Solving the Profitability Puzzle – Addressing Auto Insurance Quote Manipulation,” sponsored by LexisNexis Risk Solutions, on March 27, 2024.

Quote manipulation can indicate higher claims risk as individuals provide incorrect information to appear less risky. Unchecked, widespread quote manipulation can lead to better customers subsidizing riskier ones, inflated premiums that drive away good customers, and greater risks of adverse selection.

New research suggests that up to 8% of new shopping events could be subject to auto insurance quote manipulation by individuals misrepresenting their garaging address. In this webinar, a panel of data scientists and insurance experts will examine how carriers can identify garaging address mismatches to better support underwriting and profitability. Register today.

Panelists include:

  • Jon Atteberry, director, data science, LexisNexis Risk Solutions;
  • Jennifer Kostyrna, director, product management, LexisNexis Risk Solutions; and
  • Katie Raftelis, senior product manager, driving risk violations product management team, LexisNexis Risk Solutions.

Attendees can submit questions during registration or by emailing webinars@ambest.com. The event will be streamed in video and audio formats, and playback will be available to registered viewers shortly after the event.

AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.

Copyright © 2024 by A.M. Best Company, Inc. and/or its affiliates. ALL RIGHTS RESERVED.

Contacts

Lee McDonald
Senior Vice President, Publication & News Services
+1 908 882 2102
lee.mcdonald@ambest.com

Industry:

AM Best

Release Versions
English

Contacts

Lee McDonald
Senior Vice President, Publication & News Services
+1 908 882 2102
lee.mcdonald@ambest.com

More News From AM Best

AM Best Removes From Under Review With Developing Implications and Affirms Credit Ratings of CL Life and Annuity Insurance Company

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has removed from under review with developing implications and affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb+” (Good) of CL Life and Annuity Insurance Company (CL Life) (Fort Worth, TX). The outlook assigned to these Credit Ratings (ratings) is stable. The ratings reflect CL Life’s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, neutral business...

AM Best Upgrades Credit Ratings for RLI Corp. and Its Subsidiaries

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has upgraded the Financial Strength Rating (FSR) to A++ (Superior) from A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) to “aa+” (Superior) from “aa” (Superior) for the members of RLI Group (RLI). In addition, AM Best has upgraded the Long-Term ICR to “a+” (Excellent) from “a” (Excellent) of RLI’s publicly traded parent holding company, RLI Corp. [NYSE: RLI]. The outlook of these Credit Ratings (ratings) has been revised to stable fr...

AM Best Assigns Issue Credit Rating to Intact Financial Corporation’s Senior Unsecured Medium-Term Notes and Subordinated Notes

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has assigned a Long-Term Issue Credit Rating (Long-Term IR) of “a-” (Excellent) to the recently announced CAD 250 million, 3.784% senior unsecured medium-term notes, due February 2038, issued by Intact Financial Corporation (Intact) (Toronto, Ontario, Canada). At the same time, AM Best also has assigned a Long-Term IR of “bbb” (Good) to the recently announced CAD 250 million, 5.642% subordinated notes, due March 2086, also issued by Intact. The outlook as...
Back to Newsroom