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How We Operate

As commissioned by the MOF, Ron-AI provides mandatory services to insurers but may also offer other value-added services, subject to approval by MOF Regulator of Insurance. Service fees are paid to Ron-AI by the insurers participating in the Database, while the amount payable by each company is determined based on its proportional share in the market. Ron-AI delivers training on statistical programs, data quality and troubleshooting. The result delivered to insurers is risk premium accurately calculated and differentiated by risk profile
 
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