A new way to measure road risk
Unleash the power of crash location analytics
Using our proprietary algorithm, we combine curated crash data from over 30 million police reports with insurance data to identify accident hotspots and quantify the level of accident risk.
TNEDICCA Road Risk Scores℠ offer auto insurers three important advantages over current industry methods for assessing road risk. Our crash location database brings a much greater sample size, more precise location data and more recent data.
TNEDICCA’s database of police-reported crashes:
comprises more than 80% of insurance claims…
while current industry solutions rely on contributory databases covering only 20-30% of the market.
provides the precise latitude and longitude of the accident…
compared with less specific zip code and census block data used by most of the industry.
is regularly refreshed…
making its data more recent than claims history, which many insurers currently
rely on.
Location-based crash risk data offers auto insurers a more granular view of road risk
LOW RISK
HIGH RISK
TYPICAL AUTO RATING TERRITORIES BY ZIP CODE
SAME RISK FOR ALL POLICYHOLDERS WITHIN A ZIP CODE
TNEDICCA ROAD RISK SCORES FOR MORE GRANULAR RISK ASSESSMENT
TIERED RATING BASED ON LOCATION RISK
TNEDICCA Road Risk Intelligence
We harness the power of location analytics for a more complete auto insurance risk assessment to improve your bottom line.
Road risk solutions
LOCATION SCORE
Pricing and Territory Ratemaking
Incorporate TNEDICCA Road Risk Scores℠ into your auto rating model as a stand-alone factor or input for territory ratemaking.
ENHANCED LOCATION SCORE
Underwriting and Risk Selection
Measure and filter risk to acquire and keep lower-risk drivers during marketing, underwriting point of sale and policy renewals.
TELEMATICS SCORE
Telematics and Connected Car
Enhance telematics exchange data or proprietary telematics scores with contextual “where” and “when” risk.
TNEDICCA’s Road Risk Intelligence
Insurers of all sizes can benefit from a more complete understanding of risk that considers where a vehicle is driven.
Use cases
Underwriting and Risk Selection
A large, non-standard regional carrier uses TNEDICCA Road Risk Scores as an underwriting mechanism to reduce near-term losses.
Pricing and Territory Ratemaking
Two auto carriers implement TNEDICCA Road Risk Scores to improve pricing segmentation, avoid adverse selection and increase their competitive positioning with more accurate risk assessment.
Telematics and Usage-Based Insurance
A large national carrier adds TNEDICCA’s Road Risk Scores to its telematics scoring for next-level pricing and underwriting precision.
