Underwriting property: Going for gold

If everything in a property insurance policy were broken down and improved by1%, the result would be a much tighter, clearer document. This would mean fewer disputes about coverage and quantum when claims come in, which would in turn drive down the cost to the insurer.

Of course, it is impractical for underwriters to pore over each and every policy clause, but there are some that raise issues time and again.

Cited as a key factor in the British cycling success at the London 2012 Olympics, the philosophy of marginal gains can also be applied to underwriting.