Axa reveals broker tool to tackle underinsurance in mid-market
Free online service aims to help brokers accurately calculate the business interruption risk for individual commercial clients.
Axa has released a free online business interruption (BI) calculator for brokers to generate reports on business' exposure to BI based on the insured's own financial accounts.
The insurer detailed that the web-based tool, which is specifically aligned to its policy wordings, sets "appropriate allowances" for business growth trends as well as making indemnity period assessments based upon supplier and customer arrangements and trading climate.
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