The insurance industry needs something like this for misbehaving Brokers and Underwriters. I’ve always felt that U/W’s should have an electronic chip inserted under their skin so every account they ever wrote would stay with them and could be reviewed by any prospective employer. So many U/W’s (especially on the Casualty side) have gone from company to company every 3-4 years outrunning their losses. It should stick with them.
You are right Dave. I would throw the Actuaries in with the underwriters. Their computer models and Price Optimization schemes have been very disruptive to the market.
The insurance industry needs something like this for misbehaving Brokers and Underwriters. I’ve always felt that U/W’s should have an electronic chip inserted under their skin so every account they ever wrote would stay with them and could be reviewed by any prospective employer. So many U/W’s (especially on the Casualty side) have gone from company to company every 3-4 years outrunning their losses. It should stick with them.
You are right Dave. I would throw the Actuaries in with the underwriters. Their computer models and Price Optimization schemes have been very disruptive to the market.