New Risk Management Paradigm for Automobile
We are part of a historic technological transition in the Automobile Industry. Every advancement of technology is making these vehicles safer for the passengers as well as the environment around them. This creates an unprecedented opportunity for Risk Management Industries like Auto Insurance & Lending to develop a deep understanding of each vehicle they are underwriting. Every safety feature installed on a particular Vehicle Identification Number (VIN) should be used as an important factor in the Risk Assessment process. However, the challenge is this information at VIN level is not readily and reliably available today in a cost-effective way.