PMI Provider Opinion: Looking back to the future - real community rating is back!

  • Friday 06 January 2012

Why, as an industry, do some PMI providers run an NCD system which is there really to serve only the insurer?

Jane Willcox, general manager of WPA's Enterprise Division, shares a view on small corporate PMI

"A few years ago, some sales manager working for a PMI company came up with a bright idea.

"'Let's segment our portfolio of community-rated PMI business into those that claim and those that don't. For those high claiming groups, we will apply a price hike and for those that don't, we will give them a no claims discount.

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