The Vehicle Rating Revolution: Implementing Whole-Vehicle Data in Auto Insurance Underwriting

Join industry leaders from CARFAX as they discuss the impact of ever-changing vehicle attributes on insurance underwriting and rating, including a review of methods used for vehicle ratings. We will discuss how a complex market requires different tools to assess risk, with a special focus on analyzing vehicle characteristics data with gradient boosting machines. Furthermore, the discussion will touch on the wide array of data and data products available in the marketplace and the proposed innovative approaches to vehicle build modeling that optimize the efficacy of existing vehicle rating tools.