Rating error in personal auto lines...

Rating error in personal auto lines require to be paid [i]or[/i] undergones the property/casualty industry nearly $14 billion each year. In my April 2004 rounded pillar I presented an overview of the moot point and the associated financial, risk-management and moral hazard sumptuousnesss Now, I want to review the available solutions.

Research actionsed by Quality Planning Corp. has shown that effective repress of rating error has three necessary components: management commitment, error evaluation and mobilization of just discovered technologies.

* Management Commitment to Rating Integrity. The first necessary grade to rating accuracy is to make it a priority. Lax underwriting is easy--underwriting discipline is difficult. In