How Active Risk Management Drives Better Insurance Underwriting
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.
Like regular medical visits, regular check-ins with customers pays off for both insurers and insureds.
As circumstances change, so do customers' risk scenarios.
Staying abreast of changing customer risks gives insurers and their representatives opportunities to better match total risk coverage to the customer.
