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

Join industry leaders from Carfax as they discuss the impact of vehicle attributes on insurance loss costs, including a review of methods currently in use for vehicle ratings and their shortcomings. We will investigate the impacts of vehicle attributes currently in use like horsepower, weight, and drivetrain. Then, we will show the benefits from newer technologies like advanced driver assistance systems and modern driver interfaces. We will propose an approach to vehicle build modeling to gain the most lift over existing vehicle rating tools. Finally, we will provide a roadmap for regulatory approval of rate relativities derived from vehicle build models.