How Active Risk Management Drives Better Insurance Underwriting
As circumstances change, so do customers' risk scenarios.
Getting a wider view of actual risk means better risk pricing, which benefits loss ratios.
A study shows that identifying previously undiscovered risks could help insurers save billions in premium leakage.
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.
