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Essay's paper info
| Topic: |
Business
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| Number of pages / Number of words: |
3 / 608 |
Essay's paper body
In turn, this will lower our operating costs, increase our agent's margins and increase our profitability.
Brief description of the scope of the project:
The new Safeco Optimum Package would include the following:
? Diminishing deductible (every 6 months a driver isn't liable for an accident, the collision deductible is reduced by $50)
? Electronic lock, ignition and key replacement deductible waiver, up to $1,500 per incident
? Emergency expenses
? Personal property coverage
? Waiver of adjustment for depreciation
? Uninsured motorist property damage deductible waiver
? Worldwide rental car physical damage coverage
? Non-owned trailer coverage increased limits
How to measure the success of the project?
One of the factors that will be used to measure the success of the project would be feedback from out agents...
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Furthermore, our re-underwriting department will be able to monitor agency's performance with the new coverages. Our personal lines underwriters have more of a direct impact with customers, so they will receive feedback from customers and agents regarding the new coverages available on our policies. In addition, our Policies in Force measurement (PIF) will show how many insurance policies we have under contract...
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