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Questions and Answers
Which group of commodities has been introduced in PolicyCenter to bridge the gap in rating challenges?
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?
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?
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?
Who benefits from the introduction of the undermentioned commodities in PolicyCenter?
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What was the challenge with using the highest risk commodity for rating?
What was the challenge with using the highest risk commodity for rating?
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