How Active Risk Management Drives Better Insurance Underwriting
As circumstances change, so do customers' risk scenarios.
A study shows that identifying previously undiscovered risks could help insurers save billions in premium leakage.
Customers who are negatively affected by active risk management are more likely to leave, while the others may be more likely to remain.
Getting a wider view of actual risk means better risk pricing, which benefits loss ratios.
Active risk management aims to reduce loss ratios and premium leakage.
