A veteran of the program business market, teaching a workshop on advanced concepts of successful program management, gave a unique perspective on how to develop an underwriting plan during the Target Markets Program Administrators mid-year meeting, advising MGAs to toss plans that are built around qualitative risk decision-making.
Ken Robinette, a program administrator for Bellingham Underwriters in Bellingham, Wash., who led a breakout session on putting programs into practice, kicked off the session by advising that “you can't guarantee a loss ratio, but you can certainly reduce the uncertainty involved in a book of business.”
The 25-year veteran of the program business market went on to provide tips on how to develop an underwriting plan, basing his presentation on his own successful management of a trucking program to a 50 percent unlimited loss ratio.
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