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Presents a FREE Web Seminar...

Risk, Regulatory Compliance and Revenue: Three Influential Drivers for Insurance Carriers' Success

Available On-Demand
Date held: June 25, 2008
Hosted by: Insurance Networking News
Duration: 1 hour

In today’s soft market, competition for premiums in the Property and Casualty industry is becoming fierce. As more companies try to seize market share, their focus is on three key drivers, Risk, Regulatory Compliance and Revenue.

As regulators and rating agencies increase demands for Enterprise Risk Management (ERM), understanding policies exposures to hazard risks is critical for improving pricing accuracy, and lowering loss and expense ratios. In the midst of ERM, Regulatory Compliance also has become a driving force for attaining financial goals. Important aspects of compliance are the accurate assignment of rating territories and premium tax. Many companies fail to give territory boundaries the attention that is needed to reduce the potential for rating errors in territory assignments. Every company strives to increase profitability and drive new revenue through the development of new product lines, formulating granular rating structures and automating processes to improve efficiencies and increase accuracies to minimize costly errors.

Join this free Web seminar on June 25, 2008 at 2:00 PM ET as David West from TowerGroup and Paul Wray, President of First American Proxix Solutions, explore how to leverage technology to:

Risk
- Better identify risks
- Develop accurate pricing models

Regulatory Compliance
- Digitize of Rating Territories
- Assign Correct Premium Tax Assignments
- Reduce Filing Errors

Revenue
- Automate processes
- Reduce field inspections
- Improve quote accuracy


Register Now

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