TransUnion research indicates that many commercial drivers are leaving their current employers for other opportunities, and coupled with retirements, this trend is creating labor churn in the industry. As a company’s driver hiring rate increases, the resulting driver population becomes younger, less experienced and potentially riskier. That has big implications for commercial auto insurers as they attempt to appropriately price policies.
Download our quick guide to discover:
- How commercial transportation employment trends affect risk
- Why new hires represent a higher risk than experienced drivers
- Ways to use robust driver data to assess risk and improve pricing sophistication
You’ll also find information on two TransUnion TruVision™ solutions that help you assess driver risk, so you can price policies accurately.
