Meeting the Commercial Auto Insurance Profitability Challenge: Driver-Based Rating Factors

The key to profitability in commercial auto is to look at the risk posed by individual drivers. IIR contributor Ernie Feirer explains how emerging driver-based rating factors can help carriers enhance risk selection and pricing and thus improve profitability.

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Ernie Feirer // Ernie Feirer is VP and General Manager, Commercial Insurance, for LexisNexis Risk Solutions, where he is responsible for a portfolio of products and services for the commercial insurance market. Feirer has been part of the insurance leadership team since 2000 and was named Vice President and General Manager, Commercial Insurance, in 2012. In his previous role as VP, Product Management and Analytics, Feirer was responsible for product management and analytics across the insurance product continuum. He also served as VP and General Manager, Claims, where he played the central role in building a claims-focused business to complement the LexisNexis data and underwriting business. Prior to joining LexisNexis, Feirer was responsible for the operations of ISO’s claims data and analytics business. Feirer earned a master’s in computer science and an MBA from Iona College. He also has a Certified Property Casualty Underwriter (CPCU) designation.