OLDWICK - APRIL 03, 2024 10:48 AM (EDT) 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
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.