Dumb things you've seen at work

Did they write themselves new policies one year later? And every year until the issuer fixes the problem?

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Mostly seen dumb stuff around modelling.

My favourite was using excel and vba to fit a distribution to a set of stresses.

This is when R was free mind you. :slight_smile:

Too many companies operate under the “if it ain’t broke don’t fix it” mentality.

I don’t think they did. I left not too long after that, but pretty sure not.

In Canada you get commission clawed back if the policy lapses in the first two years. That seems to make a lot more sense.

But yes, it’s nice being licensed and selling policies on yourself/family. Basically free insurance for a year. Gonna write an Ltd policy on my son, comp.will equal premiums for a year, after that point he should be making enough to take over the policy.