Specialty Underwriting

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⚖ Specialty Underwriting

Risk Assessment Activity — 48 Clients

Step 1 — Risk Assessment

Review each client's sums insured and annual premium. You must assess both Frequency and Severity of potential loss for all 48 clients before proceeding.

⚠ Please complete all risk assessments — both Frequency and Severity must be selected for every client before proceeding.
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Step 2 — Build Your Portfolio

Select exactly 16 clients to underwrite from the 48 available. Your risk ratings are shown on each card — choose your portfolio wisely.

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Portfolio Premium

Step 3 — Accuracy Check

Before the claims year is revealed, see how your risk ratings compare to the model answers. Each of your selected clients is scored across Frequency and Severity — exact matches score 1 point, adjacent ratings score 0.5 points.

Step 4 — Claims Reveal

The underwriting year has closed. Discover which of your 16 clients made claims, the amounts paid, and whether your portfolio turned a profit.

Step 5 — Leaderboard

How did your underwriting decisions compare to the AI competitors? The same market claims year applies to all portfolios.

📐 What is Claims Loss Ratio?

The Claims Loss Ratio (CLR) is the fundamental measure of underwriting profitability. It is calculated as:

Total Claims Paid ÷ Total Premiums Written × 100

A CLR below 100% means you collected more in premiums than you paid out in claims — an underwriting profit. A CLR above 100% means claims exceeded premiums — an underwriting loss. In specialty insurance, a CLR below 60–70% is typically considered strong, as it leaves margin to cover operational expenses, reinsurance costs, and provide a return to capital. The leaderboard below ranks all participants by their CLR, lowest first.

📋 In practice: insurers also layer in additional expenses — such as acquisition costs, staff, technology and reinsurance — to produce a Combined Ratio. A Combined Ratio below 100% signals overall profitability, though the target will vary depending on prevailing market conditions.