Blog: The dangers of dumbing down
Brokerbility’s Ashwin Mistry considers the dangers of going too far with the simplification of underwriting.
Dumbing down. It’s an accusation thrown about a lot these days. Often with justification.
And there has been plenty of talk in the insurance world about the dumbing down of underwriting, especially for personal lines and SME cover.
Dumbing down to a common denominator can leave policyholders exposed and underinsured, we’re told. Lack of underwriting scrutiny through standardised online questionnaires leaves yawning gaps in cover for small businesses.
But is that true? Does the criticism
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