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5 Cards in this Set
- Front
- Back
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What are the additional Services that an insurer can provide? |
Helplines Authorised suppliers and repairs Risk control Uninsured loss recovery Third party admin |
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What is risk control? |
Surveyors undertaking surveys to reduce the possibility of loss or damage. |
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What are the benefits for the insured as a result of risk control? |
Lower premium Possibility that insurer may decline the claim decreases Less disruption to the insured by prevention. |
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What is an uninsured recovery service? |
Insured has no cover but has legal rights to recover losses from another person. |
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What is a third party administrator? |
Outsourcing specialist activities such as administering claims, underwriting, customer service, product design, negotiating pricing and advice |
