Benchmarking Discussion: How Current and Emerging Auto Insurance Trends Will Affect Carrier Results
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Analyze trends to help navigate emerging challenges.
As the average age of autos in use continues to rise, drivers of older cars are likely to drop full coverage.
Retention spiked during the pandemic as regulators and insurers imposed moratoriums on cancellations and payments.
Claims frequencies have fallen at double-digit rates in many areas, but claims volume has not dropped as significantly.
