How Active Risk Management Drives Better Insurance Underwriting
Active risk management aims to reduce loss ratios and premium leakage.
Monitoring changing customer risk allows insurers to better assess which customers are the riskiest.
As circumstances change, so do customers' risk scenarios.
Getting a better handle on risk reduces premium leakage, which more than pays for the costs of an active risk management program.
Like regular medical visits, regular check-ins with customers pays off for both insurers and insureds.
