How Active Risk Management Drives Better Insurance Underwriting
Staying abreast of changing customer risks gives insurers and their representatives opportunities to better match total risk coverage to the customer.
Like regular medical visits, regular check-ins with customers pays off for both insurers and insureds.
A study shows that identifying previously undiscovered risks could help insurers save billions in premium leakage.
Getting a wider view of actual risk means better risk pricing, which benefits loss ratios.
Getting a better handle on risk reduces premium leakage, which more than pays for the costs of an active risk management program.
