If ratings of insurer efficiency in their underwriting and claims operations were avalable, would insurance professionals and others interested in the industry find them useful?
The ratings would indicate how efficiently each company applies its resources to generating premium and to handling claims and they would go beyond traditional ratio analysis (expense ratio, loss incurred ratio and loss ratio) in indicating comparative efficiency among companies. The ratings would be available for each line of business and all lines combined and would be independant of the effects of the industry cycle.
If you believe such ratings would be useful, or not, please indicate so in this poll.
Insurer Efficiency Ratings
Moderators: Josh, independent guy