Claims Journal 11/3/2021- Insurers Say Data Shows Low Credit Scores Predict Risky Driver Behaviors

Robert P. Hartwig, PhD, CPCU · November 3, 2021 ·

Dr. Robert Hartwig was featured in a Claims Journal article regarding his recent white paper co-authored with the APCIA on the topic of behavioral drivers of auto insurance losses. Some consumer advocates say pricing decisions based on credit scores are inherently unfair. However, previous studies have shown that credit scores accurately predict losses. Hartwig said,”the contribution to the literature here is now there is a behavioral linkage that is demonstrated between two hazardous activities to be involved in and loss among individuals who have specific credit attributes.” Click here to read the entire article.

About Robert P. Hartwig, PhD, CPCU

Director, Risk and Uncertainty Management Center
Clinical Associate Professor
Robert Hartwig (Ph.D., University of Illinois, 1993) is clinical associate professor of finance and director of the Risk and Uncertainty Management Center. His research focuses on insurance markets and structures, risk management, pandemic risk, risk-bearing capital market instruments, the financing of technology risks and venture capital in insurance markets. He makes frequent presentations to insurance industry management, boards of directors, regulators and legislators. Prior to joining the Darla Moore School of Business, he was president and economist for the Insurance Information Institute in New York and in prior positions worked for Swiss Re, the National Council on Compensation Insurance and the U.S. Consumer Product Safety Commission. He has also served as an adjunct professor at Florida Atlantic University. His professional experience includes expert witness testimony and testimony before numerous congressional and state legislative committees. He holds the Chartered Property Casualty Underwriter (CPCU) credential and speaks frequently in the media on all issues related to insurance markets.