Monte Carlo 2020 Coverage
September 17th, 2020: In the Intelligent Insurer: Monte Carlo Today article, More Exclusions are Not the Answer to Managing Emerging Risks, Praedicat CEO Robert Reville discusses the benefits of employing an occurrence exclusion, named peril write-back strategy, developing underwriting innovations, the excitement of a universal understanding of emerging risks, and Praedicat’s expansions into litigation tracking and crossline clash.
“Reville believes the wisest approach to this type of risk, rather than pursuing exclusions (and making policies less appealing to buyers) is to adopt a strategy of “occurrence exclusion, named peril write-back”: the occurrence exclusion eliminates the problem of historical coverage, while the named peril write-back keeps the policy useful during its timeframe. “This means you keep the policy relevant to the buyers – you don’t just exclude it; you manage your total exposure.”
Read the full article: Here
To learn more information about Praedicat’s COVID-19 Scenarios and Litigation Tracker tools, click here.
Over the next year, Praedicat will begin to expand our model across multiple lines of insurance including D&O, workers comp, and environmental liability. Reach out to an account manager to learn more.
Missed our webinars about emerging risks and COVID-19? Watch the first and the second episode of Coffee with Bob, the Praedicat-Intelligent Insurer webinar on the future of risk management, and the first Carrier Management ExecTalk featuring Praedicat, now!
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