Published: 24 January 2017
A wide variety of factors affect how insurance premiums are calculated. A large proportion relate to customers’ specific risk profiles, whereas others will be out of their control and determined by a range of other influences. Many of these are not widely understood by customers, which can lead to surprise and frustration if insurance premiums go up.
To help your discussion with customers, this article looks at a number of key factors that affect how insurers determine premiums.
• Global politics and economics.
• Cost of doing business.
• Insurer business models.
• Factors affecting premiums in specific business lines.
• How can customers manage premium changes?
Rating: + 27
Brokerage Management | 21 February 2017| Article
Technology Trends | 17 February 2017| Article
Managing Deductibles and Programmes | 14 February 2017| Article
Products Information | 13 February 2017| Article
Strategy | 09 February 2017| Article
© Incisive Insurance Information (IP) Limited 2017, Published by Incisive Insurance Information Limited, Haymarket House, 28-29 Haymarket, London SW1Y 4RX, are companies registered in England and Wales with company registration numbers 9245293 & 9245298.