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.
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.
Like regular medical visits, regular check-ins with customers pays off for both insurers and insureds.
Comparing insured to peers helps to clarify which events are individual circumstances and which are part of larger trends.
