Insurers offer discounts for young drivers - with strings attachedM.P. McQueen
I recently read a news article on the BBC website about how car insurance companies are planning to offer young drivers the opportunity to install a surveillance camera in their car, and in exchange receive a discount of 15% on their insurance. However, this is not a new idea. So why is...
摘要: Read the full-text online article and more details about "Young Drivers Offered a Way out of Bumper Bills for Cover ; They're Not All Boy Racers, So Some Insurers Are Making Motoring More Affordable" by Shaw, Esther - The Independent on Sunday (London, England), November 12, 2006...
their policy start date vs. a UK national average of 1 in 5 young drivers. Partnerships can spur companies to roll out these digital tools, as illustrated by Mitti, a joint venture between QBE and SafetyCulture, which measures, rewards, and suggests risk management strategies f...
The bus tracks you less than cars do, and most bikes have no electronics at all, much less tracking. (Though anti-theft trackers for bikes can be added, and anyway most people carry a phone.) Considering how many people are killed/maimed by car drivers, some tracking makes sense ...
For example, if an insurer that issues motor policies is forced by regulation to set the same price for young male and female drivers, would it be useful to recognize onerous contract losses at initial recognition of policies for young male drivers if the combined group of young male and fema...
andpremium(保险费)payments.For example, young drivers are more likely to drive fast, drive at night and use a cell phone while driving.Statistically, young drivers are more likely to cause an accident so insurance companies usually charge them higherrates to cover the costs of accident claims...
it is crucial to consider the agent’s risk perception type, as it significantly influences their behavior. For example, approximately 40% of young current smokers are classified as underestimation type. In cases where a smoker is over 60 years old, Bayes’ rule is applied to categorize them ...
Richard Parker, Partner, EY Lane4, Ernst & Young LLP and Rachel Collins, Director, People Advisory Services, Ernst & Young LLP also contributed to this article.Summary Those insurers that redefine their talent model and empower CFOs to create business value and lead strategic transformation will...
customers. If an algorithm is designed to treat young men and young women fairly by charging them the same rates, then women would be more profitable customers because they tend to be less risky drivers. The algorithm would end up finding proxies for gender, such as which websites a person...