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Commercial Insurance Rating in a Rapidly Changing Market

Learn how multi-sourced risk scoring turns challenges into opportunities.

During this volatile time in commercial insurance, it can be difficult to know what steps to take to remain competitive. Protecting profitability, while attracting and retaining the right customers, is key.
Download this white paper to discover four critical steps that will help you leverage more effective risk scoring that give you the ability to:
  • Price with precision and avoid adverse selection
  • Increase conversion and retention rates for ideal customers
  • Increase straight-through processing
  • Improve the customer experience

Before you develop and implement your own predictive models, take this 4-question assessment to test your readiness:

QUESTION 01

Do you have sufficient loss experience across the diverse business segments in your book to create predictive models?

YES

NO

QUESTION 02

Are you able to create models specific to each data source?

YES

NO

QUESTION 03

Do you need access to models created from larger pooled datasets?

YES

NO

QUESTION 04

Are you considering expanding into segments where you don’t have historical data?

YES

NO

Download the paper now to learn how leveraging the power of better predictive models can improve your underwriting process and improve profitability.