Exact(1)
It makes him a rare hybrid -- a mix of big-business interests (insurance) with a financial incentive for aggressive safety laws (to reduce claim costs).
Similar(7)
Beyond the larger building projects, fixing small items on buildings can help reduce claims as well.
Insurers are constantly looking for ways to reduce claims, and addressing property concerns during the winter months can help a farmer achieve those objectives and reduce loss ratios.
The more accurately companies could identify what the industry called "bad risks" and eliminate them from coverage, the more likely they were to reduce claims, lower premiums, and attract more "good risk" customers.
The incentive for insurance companies to get involved is to reduce claims fraud and also recoup costs associated with paying out claims.
And that of course is an advantage to you, but it's also an advantage to the insurance company because it will reduce claims".
Insurers are looking to new devices to help ascertain their subscribers' health as well as encourage preventative medicine to reduce claims.
Again, he said he would reduce claims by taking the train, rather than flying, as well as publishing a regular travel diary.
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