Insurers need as much data as possible to understand risk when quoting new policies and renewing existing ones. Tapping into that data at the speed required to deliver on customer expectations, however, isn't always easy. Liz Rozier, director of the auto vertical at LexisNexis Risk Solutions, recently joined us to discuss how to achieve more precise ratings in an unstable auto market.
She explains how telematics help deliver more accurate quotes and a greater understanding of fast-changing factors, such as vehicle ownership changes, damages and more.
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