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Pricing Multi-Entity Policies –
Crossing the Next Chasm of Complexity
Many insurance products offer multiple coverages that insure a number of people and properties, such as:
- Auto insurance with multiple cars and drivers
- A workers compensation policy may insure many employees doing different jobs in different locations
- A small-business policy combines various property and liability coverages applicable to a company’s directors, officers, employees, products and locations.
But when it comes to pricing such policies, insurers have been struggling with the challenge of optimizing prices simultaneously at the multiple levels involved (e.g., policy, driver, and car levels).
Download this whitepaper and see how insurers can leverage a new innovative technology to overcome the challenges of multi-entity policy pricing.
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