VCAIR

VoyageWorks Commercial Auto Intelligence Report (At-A-Glance)

Leading carriers are releasing new proprietary rating plans that introduce innovation into commercial auto pricing.
Progressive and Travelers are widening the gap in data capabilities, leaving other carriers struggling to keep pace.
Carriers that fail to modernize their policy administration systems are struggling to support the rapid iteration of new pricing models.
Misclassification of risks is eroding underwriting profitability, as fraudulent applications secure lower premiums.
Modeling teams are failing to invest adequately in commercial auto, resulting in insufficient progress and rebuild timelines exceeding 12 months.
Insurers with robust data-sharing partnerships for pricing and claims are gaining a competitive edge.
The future of sustainable telematics strategies hinges on leveraging data aggregators due to the lack of standardization in data formats.
AI has the power to redefine claims and underwriting processes, but most carriers have yet to progress beyond experimental trials.
Nuclear verdicts are no longer outliers—they are a growing threat, inflating claims costs and pressuring insurers to adopt aggressive risk mitigation and legal defense tactics.