Automated Loss Runs Help Commercial Insurers Infographic
A look at how commercial carriers leverage prior loss history data to eliminate common blind spots when assessing risk.
Prior losses can be a strong indicator of future risk. Unfortunately, many commercial carriers don’t have the visibility into the prior loss history they need to make this assessment. This leaves carriers vulnerable to common “blind spots” that may impact their ability to more effectively assess risk and improve overall profitability.
However, new automated loss run capabilities based on robust and accessible data can help you eliminate these common blind spots, as highlighted in the infographic below.
See the full case study to learn more about the separate tests we ran on with seven carriers in which we searched for prior losses on risks they had previously bound.
Blind Spot Case Study
See the full case study to learn how commercial carriers eliminate blind spots to reveal additional incurred losses.
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