Insurance is a business. Even though the companies should just keep their rates the same all the time, they actually need to make enough money to cover all of the possible claims that their policyholders might make.
When an organization compares the amount they received in charges to the amount they paid in claims at the end of the year, they should reevaluate their rates in order to generate cash.
Ensuring changes and rate augments or reduces rely upon results the protection office had in earlier years.
Insurance is a business. Even though the companies should just keep their rates the same all the time, they actually need to make enough money to cover all of the possible claims that their policyholders might make.
When an organization compares the amount they received in charges to the amount they paid in claims at the end of the year, they should reevaluate their rates in order to generate cash.
Ensuring changes and rate augments or reduces rely upon results the protection office had in earlier years.
