Assess Driver Risk Without Sacrificing the Customer Experience
Unlicensed individuals or those in possession of a foreign driver's license (FDL) are increasing in the United States. Despite that, almost 30 percent of these drivers maintain a U.S. driver's license but claim an FDL to avoid previous violation detection and maintain lower rates.
This and other rate evasion tactics are negatively impacting loss ratios, making validation key in understanding and accurately pricing risk for unlicensed and foreign drivers.
In our white paper, Appropriately Pricing Insurer Opportunities and Driver Risk, we share strategies on how carriers can use this insight to win business no matter the state of the economy.
By downloading this white paper, you'll learn more about:
- What an ever-changing market means for insurance carriers
- Data analysis surrounding foreign and unlicensed risk
- How the right technology can help detect rate evasion early in the policy lifecycle
Get your free copy of the white paper today!