Insurance Services
PointRight broke through traditional underwriting by mathematically demonstrating that the variation in risk between the worst facility in a state and the best facility in the state varies tenfold, while premiums do not have the same variation.
The prevalent industry practice of manual or Excel model underwriting based on debits and credits off a base rate left tremendous opportunity to give price breaks to the lowest risk and to avoid high risks (where even a 50% surcharge on top of the base rate was not enough to cover the exposure).
PointRight advantage is driven by an analytical approach that makes use of our extensive investment in data collection, scrubbing, indexing and benchmarking These are combined with predictive modeling to support the PointRight view of risk selection and risk management. We believe:
- Success depends entirely on more effective risk selection and pricing the risk appropriately
- Underwriting, risk management, and loss control are linked and leveraged by data
- Facilities can improve their liability risk
- Claims cost less when identified early and handled proactively
This data driven approach allows PointRight to rapidly select and price risks, pinpoint risk management priorities, and efficiently evaluate claim defensibility.
Products and services are offered in three areas.
