The objective of the segmentation criteria is the protection of the policyholder and the insured against any form of arbitrary unequal treatment.
The segmentation criteria applied by ASU are as follows:
• Risk acceptance: is the risk insurable or not?
• Premium setting: what is the extent of the premium, taking into account the coverage to be provided?
To answer these questions, statistical data as determined by our company and/or by the insurers represented by ASU is taken into account. These data may be relevant for determining risk acceptance as well as for determining premium setting and/or may influence the assessment of risk aggravation.
These criteria help profile the risk and will, in most cases, lead to logical premium setting. In other cases, they may lead to the refusal of the risk.
For further information on the use of these criteria, please contact us at info@allspecialtyunderwriting.eu.