2018 SIR Annual Conference and Exhibit Fair

Over the last several decades, the number of miles people drive on a daily basis has changed dramatically. At the end of the 20th century, more and more people took on long commutes, pushing average mileage up. Factors like the Great Recession of 2007, ridesharing, and a resurgence of the inner cities have had the opposite effect. Because mileage is a direct reflection of exposure to loss, insurers need to understand how vehicles are used in order to properly rate and underwrite them. This session discusses recent trends in mileage and ways insurers can use mileage to better understand the pricing and underwriting exposures they face.