Card Set Information
Risk Management Center of Expertise
Field Product Management Office
Quality Review Team (within RMBC)
total $ amount customers have committed to pay for insurance at a given point in time.
Portion of written premium for which the insurance company has already provided insurance protection.
The subject of insurance or the uncertainty that a loss may occur.
Group of techniques used by insurance companies to prevent losses or control the frequency or severity of losses.
Responsible for processsing new business and renewal policies, as well as discuss risk management philosophy, policy and procedres with agents.
Responsible for Regional profitability through the development of RMPs
Process of choosing those individuals, businesses, or properties that meet a particular insurance company's guidelines for acceptance.
Correct Class (CCP)
Processes which are designed to ensure we are complying with our filed rate plan and to ensure adequate premium is being obtained for risks.
Placing the selection of customers who have the potential for large or frequent claims into the correct pricing structure to accommodate the exposure.
When More people than greater than average exposure to losses buy insurance than do people with less than average exposures.
Pre-Qualifying Business process that results in a profile of the applicant or insured, including an MVR, a credit report, and a LIS report.
Motor Vehicle Report
Risk Management Policy
Eligibility and administrative requirements developed by Allstate and used to evaluate new business, support risk selection and maintain adequate rates.
aka guides, guidelines, or eligibility requirements