Insurance Services
Our Principles:
- Success depends on effective risk selection and appropriate pricing
- Underwriting, risk management, and loss control are linked by data
- Facilities can reduce their liability risk
- Being proactive lowers claims costs.
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 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).
The 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.
Our data-driven approach allows PointRight to rapidly, cost effectively and precisely select price risks, pinpoint risk management priorities, and evaluate claim defensibility.
Products and services are offered in three areas:
