The cars and light commercial vehicles (LCVs) featured in the Vehicle Risk dataset are given a Group Rating score, which is used by insurers to help quantify the risk associated with that vehicle.
The high-quality vehicle data and technical information that vehicle manufacturers feed directly into Thatcham Research’s proprietary database, Plaza, is passed to the ABI Group Rating panel on a weekly basis and used to establish an advisory insurance Group Rating score.
The knowledge, experience, and deep understanding of vehicle technologies possessed by Thatcham Research, constantly enriched from detailed vehicle led research, helps inform and influence the Group Rating scheme to produce an accurate risk indicator for vehicles.
With over 125 data points reviewed as part of the process, Group Rating considers, amongst other things, parts pricing – using a standard list of the most commonly accident damaged panels and components – and the standard fitment and performance of autonomous emergency braking (AEB) systems. All these elements are under constant review, ensuring the latest vehicles and technologies are reflected in the algorithm to provide a consistent and accurate view across vehicle risk.