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Economic game theory has resided at the core of insurance underwriting for some time but might be losing its luster through the advent of price aggregators. ‘Gamification’ through behavioral economics is gaining traction concurrently in the industry, that is, devising schemes to engage insureds more often with their policy than simply at annual renewal. More […]
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image TLDR Consider: Structure losses– estimated to the nearest square foot or square meter. Plenty of automated tools and techniques, and plenty of auditing for consistency. Contents losses– manual assessment and data entry. Some automated tools for high value, niche cover or pre-inventory. Little consistency in estimation as there is little consistency in what’s being […]
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