Groundspeed’s Commercial Auto 360° Risk Profile Product

Providing a 360° view of commercial fleet risk profiles

Commercial auto insurers face unique challenges, as steep rises in loss trends have outstripped premium growth in recent years. To compete, underwriters need access to comprehensive submission data, and they need it fast. Our new commercial auto data product transforms data and allows underwriters to make accurate decisions in hours, not weeks. This product extracts information from auto loss runs, applications, questionnaires, fleet schedules, garage locations, driver lists, and more!

This product allows underwriters to:

  • Set up & clear all submissions
  • Immediately triage and rate each business using both their own rules as well as Groundspeed-provided insights
  • Receive near-perfect data to make better underwriting decisions in just hours

1 Step 1
FormCraft - WordPress form builder

Why Groundspeed?

Groundspeed provides the most comprehensive commercial auto data package in the industry.

360° View

This product consists of over 300+ data points curated from multi-year loss runs, ACORD applications and exposures, several vehicle schedules, garaging locations, and driver lists in either PDF or Excel format. We also provide VIN checks and additional vehicle data from industry standard 3rd party sources.

Predictive Fields

Groundspeed’s industry-leading contributory dataset is leveraged to enrich submission document data with additional predictions and analytics. Our analytics are designed to help underwriters create accurate premiums and long-term portfolio optimization.

3rd Party Data

Groundspeed also provides several 3rd party enrichments and validations with this data product upon request. These include location address corrections, geocoding, VIN# checking, vehicle information, and NAICS/SIC and DUNs information about the insured.

Over 300+ data points are derived and enriched from

  • Loss Runs
  • ACORD Applications
  • Vehicle Schedules
  • Garaging Locations
  • Drivers Lists (Lexis and Verisk formats available)

Transforming data for an underwriting revolution

Armed with the right data, underwriters can merge their highly skilled expertise with complete and accurate information to make great decisions for their company. With the near-perfect and enhanced data from our pipeline, underwriters can see all elements of risks and capitalize on that insight.

Set up and clearance with speed

Our technology automatically extracts the key data fields you need to clear and set up both new and existing accounts, which means you can do your clearing and set up much faster and without the higher cost of time and money of doing it manually.

Quickly find the submissions that match your risk appetite

Our data pipeline recognizes the right data fields to match the risk characteristics against your risk appetite. Every single submission can be vetted against the success metrics for your business and underwriters can be alerted to prioritize the best matches.

Accurate rating information

We provide detailed rating information from submissions that are both quoted or unquoted, so that those unquoted can be analyzed and fed back into the underwriting process to inform sharper decision making going forward.

A more complete data set

Our technology automatically extracts the data from all submission documents and fuses it with 3rd party data in the same process. This fusion creates a complete view of risk– an advantage that is not readily available to carriers today with a manual process.

Complete submissions extracted

Our automation was designed to extract and enhance mass volumes of data from all submission documents. Within hours, everything you need is available to evaluate the inbound submissions with data-driven confidence.

Hear what clients are saying about Groundspeed

Groundspeed’s AI capabilities optimize productivity for both our underwriters and our agent and broker partners.

Bill DevineBusiness Insurance Senior Vice President, Travelers

Unlock the value in your unstructured data

And understand the real risk, faster

Request a Demo