How Active Risk Management Drives Better Insurance Underwriting
A study shows that identifying previously undiscovered risks could help insurers save billions in premium leakage.
Active risk management aims to reduce loss ratios and premium leakage.
Like regular medical visits, regular check-ins with customers pays off for both insurers and insureds.
Getting a wider view of actual risk means better risk pricing, which benefits loss ratios.
As circumstances change, so do customers' risk scenarios.
