-

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

AM Best


Release Versions

Contacts

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

More News From AM Best

AM Best Affirms Credit Ratings of Reinsurance Group of America, Incorporated and Subsidiaries

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has affirmed the Financial Strength Rating of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICRs) of “aa-” (Superior) of RGA Reinsurance Company (Chesterfield, MO), RGA Americas Reinsurance Company Ltd (Bermuda), RGA Life Reinsurance Company of Canada (Toronto, Canada), Aurora National Life Assurance Company (Chesterfield, MO) and RGA Life and Annuity Insurance Company (RLAC) (Chesterfield, MO). These companies are subsidiaries of Reins...

Best’s Special Report: AM Best Updates Net Capital Charge Tables for ACIS/CIRT Reinsurance Transactions

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has released newly updated tables of net capital charges associated with a representative sample of transactions from Fannie Mae and Freddie Mac’s credit risk transfer (CRT) programs—Freddie Mac’s Agency Credit Insurance Structure (ACIS) and Fannie Mae’s Credit Insurance Risk Transfer (CIRT). These tables also highlight some of the key components of the factor-based method used to calculate net capital charges in the Best’s Capital Adequacy Ratio (BCAR) m...

AM Best Affirms Credit Ratings of FMG Insurance Limited

SINGAPORE--(BUSINESS WIRE)--AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Excellent) of FMG Insurance Limited (FMGIL) (New Zealand). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect FMGIL’s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management (ERM). In addition, the ratings fa...
Back to Newsroom