At Risk Lighthouse, we focus on the key critical factors in the underwriting decision making process, such as risk quality, pricing adequacy and loss characteristic, etc. Risk Lighthouse can help your organization hone its underwriting decision making by concentrating on key aspects of the process.

• Identification of key drivers of losses in particular aspects of your book and incorporating those drivers into the underwriting decision making process.
• Help in understanding whether frequency or severity is the critical aspect of your book and making sure the underwriting process reflects those realities in the pricing process.
• Incorporation of actuarial reserving studies into the pricing of the product, and understanding of the interdependence
• Evaluation of the rating tools used, and verification of their accurate application by underwriting decision makers.
• Evaluation of the strength of your current underwriting process, and what training and tools are needed to improve it.
• Improved understanding of correlations on your book of business, not just in a large loss scenario, but better appreciation of which lines move dependently on a rate basis.

     Risk Lighthouse can help you to consistently make good underwriting decisions when placing a piece of business on the books. With our help, you do not have to sacrifice good underwriting for expense reduction or business growth. Poor underwriting decisions stay with insurers for a very long time.