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[Blaka]

A company's history of insurance claims is important for getting affordable insurance. Insurance companies look at how many and how big a company's past claims were to figure out how risky it is. If a company has a lot of claims or really expensive ones, insurers might see it as a higher risk.

Having a good history with few and well-handled claims is a big plus. It makes the company look good to insurers, and they might give better deals, like lower costs and more coverage. A clean claims record shows the company takes risks seriously and runs things responsibly, making it a better and lower-risk choice for insurers.

A bad claims history can mean higher insurance costs .. Insurers might think the company is riskier because it's more likely to have future claims, so they charge more to cover potential problems.

 

[IB DD]

When you are always making repeated claims over a particular coverage, that company is considered a high risk client. Some insurance companies would even exclude that coverage entirely from the insurance package to minimise their potential for losses with insuring such a business.

 

[Wisdom01]

i think Insurers assess the potential risk and the likelihood of claims based on the company's previous claims history. If a company has a track record of high claim frequency or large loss incidents, it may be deemed a higher risk to insure. This could lead to higher premiums, deductibles, and reduced coverage options