Rating Challenges and Claim Issues in Farming Transportation
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Questions and Answers

Which group of commodities has been introduced in PolicyCenter to bridge the gap in rating challenges?

  • All goods transported by the Insured
  • All goods transported by the Insured (excluding livestock) (correct)
  • Higher-risk goods
  • Livestock

    • What is the reason for introducing the undermentioned commodities in PolicyCenter?

  • To bridge the gap in rating challenges
  • To handle claims correctly (correct)
  • To overcharge policyholders
  • To transport higher-risk goods

    • Why is the transit of livestock considered a higher risk?

  • Because livestock poses rating challenges (correct)
  • Because livestock is excluded from the rating
  • Because livestock is more valuable
  • Because livestock is difficult to transport

    • Who benefits from the introduction of the undermentioned commodities in PolicyCenter?

    <p>Farmers (C)</p> Signup and view all the answers

    What was the challenge with using the highest risk commodity for rating?

    <p>The commodity description was not always correct at claim stage (A)</p> Signup and view all the answers

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