Whilst it’s true that we live in an increasingly litigious society, premiums could fall overall as transparency increases. In the Australian market, for example, BizCover launched an online comparison service for accountants and other advice-providing professions whereby they can compare between prices and different policies. We have witnessed a decrease in policy costs compared to traditional channels. Overall, it should come to an equilibrium.
Please also feel free to check out our website at http://www.bizcover.com.au for a case study on this trend.
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Whilst it’s true that we live in an increasingly litigious society, premiums could fall overall as transparency increases. In the Australian market, for example, BizCover launched an online comparison service for accountants and other advice-providing professions whereby they can compare between prices and different policies. We have witnessed a decrease in policy costs compared to traditional channels. Overall, it should come to an equilibrium.
Please also feel free to check out our website at http://www.bizcover.com.au for a case study on this trend.