Loss Ratio Improvement

Underwriting & Actuarial – improve operational efficiency

Analyse loss history to assist underwriting process…

Every underwriter acknowledges there’s a fine line between pushing for gross written premium increase and damaging the loss ratio. Whether it’s a new product launch to a sector that’s unfamiliar, or just an increase in activity to a sector already covered, expanding your insured base needs careful planning to prevent unnecessary loss.

It’s not just about growth. It’s also about retaining those customers who are least likely to contribute negatively to the loss ratio. Understanding where you should price premiums to retain - and what you are prepared to forgo - without detailed information is a challenge at the best of times.

D&B’s Solution

Over the past six years D&B has been working with some of the world’s leading insurers to retrospectively analyse their loss history with our data. Combining D&B’s data and scores with loss information has allowed these insurers to see important correlations – insight that can be used to manage declination, mitigate against those losses that will most negatively affect the loss ratio and prioritise pricing for existing customers on renewal. The financial benefits are soon visible in results.

Due to the flexibility of D&B’s data these solutions are scalable across the general insurance market. They can deliver returns in both process and loss terms.