AM Best to Host Webinar on Auto Insurance Quote Manipulation

OLDWICK, N.J.--(BUSINESS WIRE)--
AM Best will host a complimentary webinar, titled, “Solving the Profitability Puzzle – Addressing Auto Insurance Quote Manipulation,” sponsored by LexisNexis Risk Solutions, on March 27, 2024.

Quote manipulation can indicate higher claims risk as individuals provide incorrect information to appear less risky. Unchecked, widespread quote manipulation can lead to better customers subsidizing riskier ones, inflated premiums that drive away good customers, and greater risks of adverse selection.

New research suggests that up to 8% of new shopping events could be subject to auto insurance quote manipulation by individuals misrepresenting their garaging address. In this webinar, a panel of data scientists and insurance experts will examine how carriers can identify garaging address mismatches to better support underwriting and profitability. Register today.

Panelists include:

• Jon Atteberry, director, data science, LexisNexis Risk Solutions;

• Jennifer Kostyrna, director, product management, LexisNexis Risk Solutions; and
  
• Katie Raftelis, senior product manager, driving risk violations product management team, LexisNexis Risk Solutions.

Attendees can submit questions during registration or by emailing [email protected]. The event will be streamed in video and audio formats, and playback will be available to registered viewers shortly after the event.

AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.

Copyright © 2024 by A.M. Best Company, Inc. and/or its affiliates. ALL RIGHTS RESERVED.

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Lee McDonald
Senior Vice President, Publication News Services

+1 908 882 2102

[email protected]

Source: AM Best