How Active Risk Management Drives Better Insurance Underwriting
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.
A study shows that identifying previously undiscovered risks could help insurers save billions in premium leakage.
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.
