Insurance
Individual risk propensities vary from one person to the next. Identifying personal tendencies and characteristics provides insurers with many benefits. Oxford Risk Rating profiles reveal individual propensities that could cause loss, liability and the detrimental consequences associated with decisions that involve risk: (links will take you to glossary of terms)
- Overtly risky – (Risk-prone bias)
- Inconsistent risk-taking – (Consistency)
- Insensitive to risk – (Sensitivity)
- Over-confidence – (Confidence bias)
- Excessive risk appetite – (High risk appetite)
Oxford Risk Rating provides insurers with an accurate and effective means of reducing exposure to human factor risk, and thereby helps improve the underwriting of numerous types of policies:
- Professional indemnity
- Management liability
- Directors and officers
- Employer’s liability
- Personal accident
- Life and health
- Worker’s compensation
- Strategic risk
We can adapt the standard version or develop a white label application to meet your specific needs.