Tiered Rating Systems Catch On With Carriers
Chubb Corp. is the latest company to begin integrating a new tiered underwriting system into its personal lines risk assessment programa process that some consumer advocates contend can be used to skirt the regulatory rate approval process.
However, it is also one that analysts and other industry observers assert will ultimately determine who will succeed and who will, in the words of one executive, "slowly whither away through many cycles of adverse selection, and eventually cease to exist as a business entity."
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
- Educational webcasts, resources from industry leaders, and informative newsletters.
- Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.