Large carriers have a competitive advantage in homeowners pricing through sophisticated data and analytics capabilities.
Join Willis Towers Watson and e2Value as they discuss the importance and methods of Designing New Pricing Variables to help other carriers overcome these competitive challenges.
Many of today’s insurance professionals lack the time, resources, data and ability to create analytic tools within their organization that will allow them to more effectively price property risks and compete against larger carriers. New and effective pricing variables for a property insurance rating plan can be readily addressed.
During this webinar, attendees can expect to learn:
- How to improve your loss ratio up to three points by reshaping your book
- How the internet of things (IoT) affects the level of risk inherent in a property
- What technology exists that can help your business create more granular pricing based on the individual characteristic profiles of a home in real-time
- Why understanding specific characteristics of modern properties is important from a risk assessment perspective, but creates challenges when trying to develop accurate pricing variables
We look forward to you joining us. There is no cost to participate.
Klayton Southwood is a Senior Director in Willis Towers Watson’s Insurance Consulting and Technology business.
Todd Rissel is CEO of e2Value.