A software provider has released a free application that calculates which combination of premium and deductible will give organisations the lowest cost of risk.
Aimed at insurance brokers, ClearRisk has launched its first native smartphone application, Deductibles, which is available free of charge on Apple’s App Store for iPhone, iPod Touch and iPad.
“I have needed a tool like this for years and it didn't exist, so we built it," said Craig Rowe, CEO of ClearRisk.
"We want to make it easier for brokers to help their clients and insurance buyers to manage their risk."
The Deductibles app is aimed at helping organisations to easily understand the best deductible premium that is on offer to them.
The app can be downloaded for free here.
New diploma launched for risk professionals
Insurance brokers slam ASIC
Do risk professionals really have the world's second best job?