Quality Product Research are working on a new info-graphic, which is all about the scoring methodology. This part of the new guide covers the use of external experts to help arrive at reasonable value-based weightings:
Here at Quotemonster we get assistance in reviewing contracts from a number of different sources:
Insurance companies and reinsurers: can all access the data on which we make our assessments and provide feedback.
Actuaries: help to inform our view around relative risks and incidence weightings for different items and sub-items.
Claims managers and underwriting managers: help us to get different perspectives on the actual use and value of different features.
Advisers: give us feedback on recent claims experience and how their clients are actually using the insurance policies we rate.
We also stay in touch with people at dispute resolution bodies, regulatory bodies, news organisations, academia, and consumer groups to get a wide range of views and input.
More details
If you ever want more detail about the ratings for any item or insurance policy in our database please contact us directly and we can usually refer you to more detailed information on our blog, policy library (including hundreds of policies no longer on sale), and details from our database.
Copyright
The four factor rating methodology, Quotemonster, and the ratings on this poster and on our site are all © Copyright Quality Product Research Limited.