June 23, 2011
By Chris Cartwright
In the area of homeowners insurance, U.S. carriers spend about $190 million dollars a year on inspection programs to support risk management of new and renewal business. Yet many underwriters have difficulty quantifying the ROI of these programs. Those who can quantify inspection program results often find a negative or break-even ROI at best—although these programs are seen as a necessity of good underwriting.
By Chris Cartwright
In the area of homeowners insurance, U.S. carriers spend about $190 million dollars a year on inspection programs to support risk management of new and renewal business. Yet many underwriters have difficulty quantifying the ROI of these programs. Those who can quantify inspection program results often find a negative or break-even ROI at best—although these programs are seen as a necessity of good underwriting.
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