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frans J
1 reviews | Active since May 2014
25 Jul 2023, 13:51
Outsurance increases annual premiums with over 40% per annum
Outsurance how do you guys get to a over 40% premium increase in one year It's ridiculous Are you guys going in financial stress People becarefull outvthere
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OUTsurance's replyOfficial
28 Jul 2023, 11:34Good day Frans,
Thank you for bringing your concerns to our attention.
Candy our client services manager addressed your concerns regarding the rerate increase. There are a variety of factors that will influence a premium increase at rerate stage such as claims, inflationary adjustments, underwriting changes etc. There were several claims during the rerate period which had a direct impact on the rerate.
We do apologise for the disappointment.
Regards,
The OUTsurance Team
Thank you for bringing your concerns to our attention.
Candy our client services manager addressed your concerns regarding the rerate increase. There are a variety of factors that will influence a premium increase at rerate stage such as claims, inflationary adjustments, underwriting changes etc. There were several claims during the rerate period which had a direct impact on the rerate.
We do apologise for the disappointment.
Regards,
The OUTsurance Team
OUTsurance's reply28 Jul 2023, 11:34
Official
Good day Frans,
Thank you for bringing your concerns to our attention.
Candy our client services manager addressed your concerns regarding the rerate increase. There are a variety of factors that will influence a premium increase at rerate stage such as claims, inflationary adjustments, underwriting changes etc. There were several claims during the rerate period which had a direct impact on the rerate.
We do apologise for the disappointment.
Regards,
The OUTsurance Team
Thank you for bringing your concerns to our attention.
Candy our client services manager addressed your concerns regarding the rerate increase. There are a variety of factors that will influence a premium increase at rerate stage such as claims, inflationary adjustments, underwriting changes etc. There were several claims during the rerate period which had a direct impact on the rerate.
We do apologise for the disappointment.
Regards,
The OUTsurance Team