Verisk Insurance Solutions, a unit of Verisk Analytics, announces the availability of the QPC Mileage Calculator. The new predictive model provides real-time mileage estimates for each household vehicle during web, call center, or agency-based quote and point-of-sale processes.

"Annual and commuting mileage are critical rating variables for many carriers," says Raj Bhat, president of Verisk's quality planning unit. "Until now, these variables have been difficult to obtain at the front end of the new-business process. Questions are cumbersome and time-consuming during the quote process, and policyholder self-reported estimates are all too often incorrect."  

The QPC Mileage Calculator streamlines the quote process and greatly increases accuracy, according to Bhat.

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