By: tripointins On: June 13, 2016 In: Performance Based Insurance Comments: 0

Companies using traditional insurance, also referred to a Subsidy Based Insurance (SBI), encounter all of the following problems:

  • Subsidize your unsafe competitors
  • No control of your insurance destiny
  • Subject to unpredictable market swings
  • Insurance company earns the financial rewards
  • Constantly out to bid to keep system honest
  • No underwriting income
  • Everyone else’s experience—even your competitors’—determines your cost

Performance Based Insurance resolves all of the challenges, and can save companies millions in premiums.