Wednesday, October 26, 2011

The Perils Of Copycat Ratemaking

Insurers with less-sophisticated data tools might see “imitation” as a solution—but costs, risks may outweigh benefits
National Underwriter P&C   

October 17, 2011    By David Cummings

It is a time-honored practice in insurance ratemaking for insurers to study their competitors’ rates. And, because of rate regulation, competitors’ price information is a matter of public record. 

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