A Challenge and an Opportunity for Risk Analytics Modeling
- The complexity and price of new vehicles have exploded over the last decade
- New vehicle technologies show clear potential for reducing the likelihood of an accident.
- However, they also greatly increase the expenses associated with even “minor accidents."
Identifying the Relationship Between Technology and Risk
OEMs identify complex vehicle equipment with obtuse "marketing" terminology. As a result, insurers and their partners are left to navigate an increasingly complex set of data inputs that are lacking key information, while also providing an overwhelming number of variables and ancillary details that must be evaluated and sifted through to generate meaningful insights.
- The need for clear, precise, actionable vehicle data is greater than ever.
- The right data solution will help you identify the effects of this evolution on the risks associated with insuring these vehicles.
For over two decades, DataOne has delivered vehicle data solutions that provide insurers with the detail and clarity required to power more accurate modeling.
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