Insuring to Value: Meeting a Critical Need

Business & Finance, Industries & Professions, Insurance
Cover of the book Insuring to Value: Meeting a Critical Need by Peter Wells, The National Underwriter Company
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Author: Peter Wells ISBN: 9781938130342
Publisher: The National Underwriter Company Publication: August 3, 2012
Imprint: The National Underwriter Company Language: English
Author: Peter Wells
ISBN: 9781938130342
Publisher: The National Underwriter Company
Publication: August 3, 2012
Imprint: The National Underwriter Company
Language: English

Catastrophic loss events in the late 20th century pointed out a grave problem for the insurance industry: there had been massive miscalculations of homeowners' property values. The issue was spotlighted again early in the 21st century when catastrophes slammed the United States. These events illustrated the critical importance of correct valuation. Without it, premiums are inadequate and settlements insufficient to fulfill the promise to replace with like kind and quality. Insuring to Value: Meeting a Critical Need analyzes the need for correct valuation when binding and renewing homeowners insurance policies. It explains how valuation methods were improved after the industry focused on the serious undervaluation problem that was highlighted in the late 20th century. The book then demonstrates how state-of-the-art valuation methods are leading to greater opportunities to strategically manage books of business for property insurer stability and policyholder protection.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

Catastrophic loss events in the late 20th century pointed out a grave problem for the insurance industry: there had been massive miscalculations of homeowners' property values. The issue was spotlighted again early in the 21st century when catastrophes slammed the United States. These events illustrated the critical importance of correct valuation. Without it, premiums are inadequate and settlements insufficient to fulfill the promise to replace with like kind and quality. Insuring to Value: Meeting a Critical Need analyzes the need for correct valuation when binding and renewing homeowners insurance policies. It explains how valuation methods were improved after the industry focused on the serious undervaluation problem that was highlighted in the late 20th century. The book then demonstrates how state-of-the-art valuation methods are leading to greater opportunities to strategically manage books of business for property insurer stability and policyholder protection.

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