-

Playback and Transcript Now Available for AM Best’s Auto Insurance Quote Manipulation Webinar

OLDWICK, N.J.--(BUSINESS WIRE)--Video playback and a transcript are now available for AM Best’s complimentary webinar, “Solving the Profitability Puzzle – Addressing Auto Insurance Quote Manipulation,” sponsored by LexisNexis Risk Solutions. Access them here.

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 one-hour webinar, recorded on March 27, a panel of data scientists and insurance experts examine how carriers can identify garaging address mismatches to better support underwriting and profitability.

Some of the topics include:

  • How quote manipulation affects the auto insurance market.
  • How consumers manipulate auto insurance quotes.
  • The percentage of quotes that show a ZIP code mismatch, indicating potential manipulation.
  • Tell-tale signs of data discrepancy.
  • Strategies for addressing quote manipulation.
  • Tools for detecting and addressing quote manipulation.

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.

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 Orion Reinsurance (Bermuda) Ltd.

MEXICO CITY--(BUSINESS WIRE)--AM Best has affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of “bbb-” (Good) of Orion Reinsurance (Bermuda) Ltd. (Orion Re) (Hamilton, Bermuda). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect Orion Re’s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management. The ratings also re...

AM Best Affirms Credit Ratings of Prudential Financial, Inc. and Its Life/Health Subsidiaries

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa-” (Superior) of the life/health insurance subsidiaries of Prudential Financial, Inc. (PFI) (Newark, NJ) [NYSE: PRU], collectively referred to as Prudential. Concurrently, AM Best has affirmed the Long-Term ICR of “a-” (Excellent) of PFI and all Long- and Short-Term Issue Credit Ratings (Long-Term IR; Short-Term IR) of the group....

AM Best Places Credit Ratings of Hanover Fire & Casualty Insurance Company Under Review With Negative Implications

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has placed under review with negative implications the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb” (Good) of Hanover Fire & Casualty Insurance Company (Hanover) (King of Prussia, PA). Hanover, a Pennsylvania-domiciled insurer, provides predominantly personal property lines of business including fire and other liability, burglary/theft, allied lines and homeowners. The company is being acquired by Mid-Hudson...
Back to Newsroom