December Lightning Learning
"Premium Leakage" & Exclusions
Chris Boggs, Big "I" Virtual University Executive Director
All sessions begin at 11:30 a.m. Eastern Time The Big "I" Virtual University's December Lightning Learning series features two 20-minute sessions dedicated to "premium leakage" and exclusions. Even if you can't participate in the live sessions, you will receive a link to the on-demand recordings and can listen to them at your leisure. Register once and attend both 20-minute sessions including:
Registration: $9.99 (includes both sessions!)
December 6 – What Does Your Underwriter Mean by "Premium Leakage"
Carriers spend many hours in underwriting meetings discussing "premium leakage." Maybe you have heard the underwriter slip up and use that term when explaining why they can't class something a certain way or why the premium cannot be altered any further. And if you didn't ask the underwriter, I bet you've asked yourself – what in the wide-open world is premium leakage?
In this session we define and remove the mystery from the concept of premium leakage. Maybe you can help the underwriter help you with this knowledge.
December 19 – Why are Exclusions Excluded?
Insurance exists to protect insureds against the economic consequences of an unforeseen, potentially catastrophic individual loss; however, P&C insurance policies are not designed to protect against every possible source of financial loss. Traditional insurance policies contain a list of incidents, causes or results not covered by the policy. Exclusions always exist, and there are reasons for each one.
In this session we:
- Introduce the three categories of exclusions; and
- Detail why exclusions exist.
CE is NOT offered for these webinars.