A playbook with 39 detailed analyses for an auto insurance company
Each analysis includes:
- Goal of the analysis
- Data required
- Detailed step-by-step instruction on how to conduct the analysis
- Format of the output of analysis
- How to interpret results
- Steps a company can take to improve on the measure
In this guide you'll learn the following 39 analyses across six categories:
Table of Contents
A. Pricing & Product Strategy
- Rate Adequacy & Pricing Factor Assessment
- Uninsured/Underinsured Motorist Coverage Utilization Trends
- GAP Insurance Performance Evaluation
- Rental Reimbursement Coverage Usage & Cost Trends
- Glass Coverage & Zero-Deductible Claim Impact
- Defensive Driving Discount Efficacy
- Territorial Rating Factor Fine-Tuning
- Pay-Per-Mile Insurance Adoption & Loss Results
- Non-Owned Auto Coverage & Borrowed Vehicle Liabilities Analysis
- Roadside Assistance Utilization & Cost Analysis
- License Points Surcharge Program Evaluation
- Accident Forgiveness Program Profitability Assessment
B. Underwriting & Risk Segmentation
- Telematics & Usage-Based Insurance Performance
- Premium Leakage & Under-Reported Exposure Analysis
- Residual Market & Assigned Risk Pool Analysis
- SR-22 & High-Risk Driver Segment Performance
- Non-Standard Auto Market & Subprime Segment Evaluation
- Driver Monitoring & Scoring Model Validation
- Street-Level Risk & Traffic Pattern Underwriting
- After-Market Vehicle Modifications Coverage Analysis
- Fleet Usage Segmentation Analysis
C. Claims & Loss Management
- Claims Frequency & Severity Analysis
- Claim Settlement Speed
- Subrogation & Salvage Recovery Analysis
- Vehicle Repair Cost Inflation & Parts Availability Analysis
- Collision Repair Network & Direct Repair Program Effectiveness
- OEM vs. Aftermarket Parts Usage & Cost Analysis
- Stolen Vehicle Rate & Recovery Effectiveness
D. Financial Performance & Reserving
E. Technology, Mobility & Operational Efficiency
- Electric & Advanced Driver-Assistance Systems Vehicle Impact Assessment
- Emerging Mobility Coverage Analysis
- Rideshare Gap Coverage & TNC Endorsement Performance
- Distracted Driving & Crash Avoidance Technology Impact Analysis
- Commercial Auto Fleet Telematics & Performance Review
- AI-Driven Image-Based Collision Damage Estimation
- OEM-Certified Repair Partnership Impact Study
F. Specialty & Niche Segments