How to Drive More Precise Ratings with Telematics-Based Scores

Discover four critical factors that can improve your auto insurance rating plan when using a telematics scoring model.
  1. Home
  2. Insights and Resources
  3. White Paper
  4. Telematics Scores Drive More Precise Ratings

Telematics-Based Scores Drive More Precise Ratings

Including a telematics-based score in your rating plan can improve your ability to more accurately segment driver risk down to the individual level, leading to premium prices that better align with individual loss propensity. However, a rating is only as good as the effectiveness of the scoring model from which it is derived.

To get a clearer picture of risk, you need a robust and sophisticated scoring model that draws from the right data sources to give you the information you need.

Download the white paper to discover four critical factors to predict risk more accurately in using telematics data:

  • Factor 1: Does the telematics model leverage robust and credible telematics data?
  • Factor 2: Is the telematics model designed to complement other rating factors?
  • Factor 3: Are the telematics attributes―and overall score―reasonable and consistent?
  • Factor 4: Does the telematics model include coverage-specific performance insights and rating factors?

Access White Paper Here

Related Resources

Telematics podcast in car

Featured Advertiser

A podcast featuring LexisNexis® Telematics OnDemand as published in AM Best’s Review Magazine, special Auto Insurance issue.

Telematics blog cars driving highway

Telematics Insights

Access the latest insurance telematics trends and best practices to help optimize your business.

webcast telematics dataa

On Demand Telematics Data Eliminates Roadblocks

Watch this webcast to learn how you can unleash the power of telematics data for better risk assessment.

Products You May Be Interested In