Quality Planning Corporation (QPC), a sister company of ISO, supplies tools and services that help auto insurers identify rating errors, recover lost premium, and minimize future losses.

Consider the following:

• 25% to 35% of a carrier's active files contain errors in critical underwriting information.
• 48% of household auto policies experience a change of vehicles or drivers each year. Insurers aren't always aware of those changes.
• 20% to 30% of policies contain unreported youthful drivers, with average premium losses of almost 50% on those policies.
• 25% to 60% of policies contain underreported annual mileage.

Because of missing, outdated, or inaccurate rating information, U.S. auto insurers are losing 10% of written premium — or some $15 billion a year.

Are lost premium dollars gone for good?
Fortunately, the answer is no. You can recover the majority of lost premium dollars — if you identify and correct your errors. Improving the way you gather rating data will also have a significant effect on the total premium you collect — and on your bottom line. You'll find that, within the first policy period, you can recover 50 to 60 percent of lost premium.

QPC offers the tools you need to promote data integrity:

• With RISK:check®, QPC will screen every policy, select those with potential rating error, and prioritize each one in terms of premium recovery. RISK:check applies more than 100 audit checks and matches policy data to hundreds of data sources to identify potential error.
• Then, with Precision Re-UnderwritingSM, QPC will correct rating errors in an efficient, low-cost, and customer-friendly manner. Precision Re-Underwriting evaluates existing policies against your corporate underwriting guidelines and helps guarantee the right rate for the exposures you accept.

With QPC, you'll control private passenger auto premium leakage, boost revenues, and create a sustainable competitive advantage.

For more information. . .
. . . visit the QPC website. And to find out how you can get QPC services, call Mike West at 415-268-8643. Or send e-mail to This e-mail address is being protected from spam bots, you need JavaScript enabled to view it .