Insurance consultants

Currently doing an insurance org redesign project. Good lord underwriters are overpaid!

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Posting as :
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Lol why do you say so? At an insurance company UW are literally both the risk managers and the production drivers. They bring in the money and ensure its profitable. What kind of insurance company is it? How much is a lot?

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But do they ensure it’s profitable. Half the Lloyds market doesn’t make an underwriting profit and relies on investment income. Ridic

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Underwriting is a market. If you exclusively price to risk, you will throw away potential income when the market is hard (i.e. everyone is charging more for the same risk), and lose share - not sell as much insurance - when the market is soft (i.e. when everyone is losing on underwriting). For many insurers, a profitable year is defined by the returns on the invested premium, while you expect to land Combined Operating Ratio somewhere between 90 and 110. Your insurance business makes plenty of money if you successfully invest a lot of premium which you are 'technically' losing money on in underwriting. Compared to selling no policies because the market is soft but you refuse to write at a loss. Hence 'you can't invest none premium'.

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Additional Posts

me to lead: it'll take like 12 hours lead to client: dev estimate is 80 hours

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Almost time now for the 'new year, new me' BS.

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