Tuesday, October 17, 2017, 11:30am – 12:00pm
Businesses must think of themselves as an "investment" from an insurance perspective.
Actuary data drives predictive loss modeling for any exposure. Once you add those anticipated losses to the insurer overhead you create a break-even point for the insurer. The insurer then decides how much profit they desire in order to accept the business as a risk.
This is very similar to deciding the price you will invest in a company stock.
We will discuss these strategies and more as we launch our Complex Comp series. This first webinar will review the state of the work comp marketplace in California and demonstrate how insurers establish pricing on larger risks.