Mid-term repricing
Adjusting a contract's price during its term, when observed risk changes, instead of waiting for renewal.
18% lower loss ratio in the first year with in-cycle repricing.
Conventional pricing happens once, at underwriting, and holds until renewal. Risk does not respect that calendar: a driver changes routes, a fleet changes operation, a borrower changes jobs. Between one pricing and the next you are charging for a risk that no longer exists — or failing to charge for one that appeared.
Mid-term repricing means repricing when the signal changes, not when the contract expires. That requires two things most operations lack: continuous monitoring that notices the change, and a trigger that turns it into commercial action.
In Zarv implementations, contracts repriced in-cycle on observed behavior showed an 18% lower loss ratio in the first year.