Just Because the Loss Fell Off Doesn't Mean the Price Will.
Aged-out losses don’t always translate into lower renewal pricing because repricing isn’t automatic.
Read More →Repricing inertia
Direct answer
Repricing inertia means improvements don’t automatically lower premiums at renewal without a re-underwriting event.
Why it changes price
- Carriers optimize for the portfolio, not for proactively lowering individual premiums.
- Tiering, discount recovery timelines, and base rate changes can mask signal improvements.
- Repricing often requires a re-shop or underwriting refresh to expose the change.
Decision rule
If your risk improved but price didn’t, shop for a carrier whose rating model reflects your new signals.