How Active Risk Management Drives Better Insurance Underwriting
Like regular medical visits, regular check-ins with customers pays off for both insurers and insureds.
Comparing insured to peers helps to clarify which events are individual circumstances and which are part of larger trends.
Monitoring changing customer risk allows insurers to better assess which customers are the riskiest.
Active risk management aims to reduce loss ratios and premium leakage.
Getting a wider view of actual risk means better risk pricing, which benefits loss ratios.
