From FIU News :
Jerry Theodoru, director of finance, insurance and trade at R Street Institute warned: “We don’t want to be overpriced, and we don’t want to be underpriced. For a market-based approach, we need to be right priced.”
Theodoru concluded that good historical loss data was key for insurers to provide accurate pricing in the future.
- “FIU News”: https://news.fiu.edu/2021/fiu-hosts-national-dialogues-to-explore-challenges,-solutions-in-environmental-resilience