Rodney Griffin's blog

New Technologies Quickly Changing Auto Insurance Business – Part 2 of 2

Published by Rodney Griffin on Fri, 03/11/2011 - 11:31am

Rodney Griffin
SVP Product Management
StoneRiver

In Part 1, I mentioned some of the new materials and components that are leading to new injury and severity profiles. Research shows some interesting trends for hybrid and electric vehicles. How do these changes affect auto insurers? What can they do to address what lies ahead?

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New Technologies Quickly Changing Auto Insurance Business – Part 1 of 2

Published by Rodney Griffin on Fri, 03/04/2011 - 12:46pm

Rodney Griffin
SVP Product Management
StoneRiver

For some time it’s become increasingly clear that new trends will affect rating, classification and underwriting for auto insurers. Spotting and responding quickly to these trends will help auto insurers stay profitable and competitive. By using new data sources, insurers can take advantage of Business Intelligence feedback loops so they can proactively update policies, programs, practices, rules and rates.

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