Prämienverlust durch falsche Risikoeinstufung bei Neuverträgen

Definition

Australian underwriters are required to assess risk drivers such as age, driving record, occupation, prior claims, asset characteristics and location to determine appropriate acceptance terms and premiums.[1][3][4] In manual workflows, incomplete data capture, inconsistent application of guidelines and commercial pressure from intermediaries produce frequent deviations from the technical premium, especially in new business where there is limited claims history. International GI benchmarking studies typically find 1–3 % of written premium lost through systematic mispricing and leakage in underwriting and pricing controls in personal and commercial lines; applied to Australia’s general insurance GWP of roughly AUD 60–70bn, this implies potential revenue leakage of AUD 600m–2.1bn p.a. in new business portfolios alone, of which a conservative portion (e.g. 10–20 %) can be tied directly to new business underwriting and risk selection rather than renewals. Logic evidence is supported by the fact that Australian guides emphasise the importance of accurate and complete proposal information and structured risk assessment precisely to avoid inappropriate premiums and coverage terms.[1][2][4]

Why This Matters

The Pitch: General insurance carriers in Australia 🇦🇺 waste geschätzt 1–3 % der verdienten Bruttoprämie p.a. on mispriced new business. Automation of risk scoring, pricing guards and authority limits at quote/accept stage eliminates most of this leakage.

Affected Stakeholders

Chief Underwriting Officer, Pricing Actuary, Motor & SME Underwriters, Distribution/Broker Managers, Portfolio Managers

Related Business Risks