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Auto Markets in 2025: At the Crossroads of Profit & Fairness, Hard & Soft Markets

Date: Thursday, November 7, 2024

Time: 2pm ET | 11am PT

Cost: Complimentary

Sponsored by:

 

A look at the personal auto insurance industry today points to the intersection of hard and soft markets — with some insurers amping up marketing efforts to capture new market share, while others are still struggling to achieve post-pandemic profitability. Personal auto's combined ratio of 104.9 in 2023 is a significant improvement from the record-setting 112.2 a year earlier, but still off the mark.

Fortunately, leaders at this crossroads can tap into new data sources, pioneering analytics, advanced technologies and the latest innovations to enable opportunities to better assess risk, achieve profitable new growth, and improve returns on existing books of business.

Join this webcast as we discuss:

  • How the likelihood and timeliness of rate approvals has improved heading into 2025
  • How competition is heating up as more insurers get on the right side of profitability
  • The increased focus on potential unfair discrimination in pricing
  • How to increase your competitiveness going into the new year

Register Now!

Can't attend? Register to view the on-demand recording after the webcast.

Featured Speakers:

Katy Accurso | Director Client Solutions | Verisk

Katy Accurso, Director Client Solutions, at Verisk, leads the personal auto underwriting team's customer-focused strategy and approach across the suite of solutions. Katy is focused on creating consultative, strategic partnerships with clients that harness the power of both Verisk's solutions and people.

David Ayers | Assistant Vice President Auto Product Underwriting Risk Assessment  | Verisk

David Ayers, Assistant Vice President Auto Product Underwriting Risk Assessment at Verisk, leads technology initiatives and insurance use-case development for Verisk's LightSpeed® platform, providing robust data and analytics, fraud detection, and driver, vehicle, and household risk identification to accelerate quoting and drive profitable growth. David is committed to being an industry champion who helps insurers overcome marketplace complacency by ushering in data-forward strategies and forward-thinking pricing that enable modern insurance buying experiences.

Michael Regier | Vice President Analytic Solutions | Verisk

Michael Regier, Vice President Analytic Solutions, leads a team of data scientists who support rating and underwriting solutions, including FairCheck, Verisk's customizable, scalable methodology and consultative service to help assess and mitigate the potential for unfairly discriminatory outcomes—a timely tool to address a heightened legislative and regulatory focus on fairness. Michael is a PhD-level statistician who brings 18 years of experience leading analytic projects in the insurance, medical, government, and academic research spaces.

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Questions? Please email [email protected] or call at (212) 457-4981