How Active Risk Management Drives Better Insurance Underwriting
Monitoring changing customer risk allows insurers to better assess which customers are the riskiest.
Comparing insured to peers helps to clarify which events are individual circumstances and which are part of larger trends.
Like regular medical visits, regular check-ins with customers pays off for both insurers and insureds.
As circumstances change, so do customers' risk scenarios.
A study shows that identifying previously undiscovered risks could help insurers save billions in premium leakage.
