RISC Colloquium: Petar Jevtic

The Risk and Insurance Studies Centre (RISC) is pleased to present the next session of the Fall 2025 RISC Colloquium, featuring Dr. Petar Jevtic, Associate Professor at Arizona State University.

Crimes relevant to home insurers, such as burglary, vandalism, theft, and arson, represent a significant driver of homeowners’ insurance claims and loss ratios. This study evaluates whether law enforcement adoption of Ring’s Neighbors verified accounts, a digital platform that facilitates community reporting and video sharing, reduces the frequency of these crimes.

Using a generalized difference-in-differences framework across United States law enforcement agencies, statistically significant reductions in crimes relevant to home insurers were found following verified account activation. The estimated effects translate into meaningful reductions in expected claims costs and potential improvements in underwriting performance.

Beyond the immediate loss frequency reductions, the findings suggest broader implications for insurers: enhanced predictive accuracy in pricing models, reduced volatility in loss experience, and opportunities for product innovation. These results provide early evidence that digital public safety interventions may serve as scalable, low-cost complements to traditional insurance risk mitigation strategies.

Event Details:

Date: Thursday, November 6, 2025
Time: 12 p.m. to 1 p.m. (EST)
Location: Virtual (Zoom)
Meeting ID: 983 7113 2389
Passcode: 976683
Zoom Link: https://yorku.zoom.us/j/98371132389?pwd=ZThoNYbITHOw8xX3s8rWcDllYDeIV5.1