LexisNexis Risk Solutions Releases U.S. Auto Insurance Trends Report

LexisNexis Risk Solutions introduces its U.S. Auto Insurance Trends Report, which aggregates annual market data about auto insurance shopping, underwriting and claims. The report explores how technology is increasingly shaping the auto insurance lifecycle. It includes recommendations for how insurers can leverage these trends to enhance their quoting, underwriting and claims processes in a rapidly evolving market. "This report and the 2019 data presented in it serves as an important benchmark for auto insurance carriers as they continue to develop and enhance their operating plans while managing through unprecedented societal and economic change," said Adam Pichon, vice president and general manager, auto insurance, LexisNexis Risk Solutions. "Given how the pandemic has significantly impacted driving habits, it's more important than ever for carriers to leverage available technology designed to improve customer experience and regularly evaluate driving trends to identify deviations in order to better anticipate future risks and proactively adjust underwriting decisions."