Vig is short for “vigorish” a Yiddish word that means the ‘cut’ or ‘take’ that a bookie or loan shark gets from a transaction. Only transactions that have value to customers get done, so value creation generates Vig.
Lenders that manage their book of will charge the right Vig or interest rate to every borrower based upon their true risk. Lenders who charge good risks too much and bad risks to little risk losing money.
Insurance challenge is accurately matching premium to risk.
Value is created by doing this efficiently – distribution, administration, claims payment, capital usage, fraud and error prevention.
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