Why, as an industry, do some PMI providers run an NCD system which is there really to serve only the insurer?
Jane Willcox, general manager of WPA's Enterprise Division, shares a view on small corporate PMI
"A few years ago, some sales manager working for a PMI company came up with a bright idea.
"'Let's segment our portfolio of community-rated PMI business into those that claim and those that don't. For those high claiming groups, we will apply a price hike and for those that don't, we will give them a no claims discount.