are more obvious and distinguished by recklessness and wrongdoing.
How can they select good risks over bad risks
? Study which extortion scenarios to expect, what the attack vector is, and what correlates with lower probability for that attack vector.
Tribe set out to transform the insurance market based on a simple concept: insurance customers know far more about good and bad risks
in their social network than traditional insurance companies do.
This model adds considerable value for customers and also provides important opportunities for insurers to identify good and bad risks
, minimize claims payouts and upsell relevant products and services -- creating a win-win situation for both parties.
"The southern euro countries have been in a persistent crisis mode for nearly a decade, the ECB has been shuffling hundreds of billions of bad risks
onto the shoulders of taxpayers, and the EU Commission has given up its attempts to safeguard the treaties.
As it is, there's already a long list of bad risks
I've taken-picking the wrong restaurant or ordering the wrong dish, only because I like to try new things.
As the PBGC increases flat-rate premiums-e.g., to pay off its "deficit"-through such practices as de-risking, it drives good risks out of the system; this leaves bad risks
and increases the risk of underwriting losses.
If the risks were ranked from worst to best based on adequacy ratio, the company could get an idea of how the portfolio's profitability would change by excluding a certain percentage of bad risks
from the portfolio.
To effectively select and price accounts, underwriters must be able to differentiate between good and bad risks
. These underwriting decisions can be influenced by an underwriter's negative experience with your industry sector.
It is also important to know that Risk Management involves weighing bad risks
and good risks.
Standard ERM processes are reasonably effective at identifying and prioritizing bad risks
. But they are much less effective at managing good risks.
Many health insurers have argued that imposing a tough mandate will be essential to any successful effort to offer coverage on a guaranteed issue basis without leading bad risks
to flood into the health insurance system and good risks to pour out.