Loss Data Management: Crystal Ball For RMs
In todays challenging economic climate, successful businesses recognize that one of the best ways to control expenses is to manage risk. By identifying loss trends, a company can instill measures to reduce its losses.
As a company grows in size and complexity, however, the task of spotting those trends becomes ever more daunting. A bank might want to analyze trip-and-fall incidents for its branches, while a trucking fleet operator might wish to track losses by location and driver.
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