How insurance tracking can strengthen your enterprise risk management strategy
Over my many years in the insurance business, I have come across far too many lending institutions with weak or poorly run insurance tracking programs, or even no insurance tracking program at all… My dear, dear friends this just won’t do!
The primary purpose of insurance tracking is to track outstanding collateral to ensure your financial investment in these collateralized loans is protected by insurance. However, a well-rounded, well-managed insurance tracking program can do so much more.
The most successful insurance tracking programs I’ve seen go beyond mitigating uninsured collateral losses, to achieving these three business objectives:
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