Scientific selection and pricing of risks

The aim of insurance is to equitably transfer the risk of a loss, from the insured to the insurer, in exchange for a premium. Although elegant in its simplicity, many insurers fail to profitably fulfil this aim over the long term.

We do not believe in simply “hoping for the best” when it comes to the selection and pricing of risks that we accept. In order to be successful over the longer term, we fundamentally believe in scientifically quantifying the likelihood of claims being made against our policies.

We have thus employed a team of actuaries and other analysts to relentlessly analyse and review our business. The purpose of the analysis is not simply to crunch the numbers, but rather to translate the results of such investigations into actions that improve the profitability and competitiveness of our (and our UMA partners’) product range as well as the value for money offered to our clients. The end result of our analysis is often new product innovations.