Tag: #usagebasedinsurance

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The Progressive Edge In Usage Based Insurance

Progressive Insurance has risen from modest beginnings since being founded in 1937. After its 1986 IPO, it has delivered 20.5% CAGR vs 9.9% by S&P 500. Personal auto insurance (with specialty lines of watercraft, RVs, motorcycles) remains the biggest revenue source. Already highly ranked on the Fortune 500, it kept delivering consistent results over last…
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12 August 2021 0

The Underwriter’s Gambit Part 3: Third Party Data In Auto Insurance

In previous parts of this series, increased usage of algorithmic underwriting in complex risks and prevalence of integrated workbenches in life insurance were discussed, as ways in which traditional underwriting was modernizing. In this final part, the use of third party, alternative data in auto insurance underwriting is the focus. A recent Deloitte study found,…
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17 June 2021 0

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