It's kind of anti-gambling.I work in insurance software. There can be up to 20 or so factors that are used in calculating a motor insurance quote. The rates used are based on the statistical findings for that particular category, e.g. postcode, mileage, engine size, where you keep your car, etc.
Think of the history of the individual as kind of a trump card...
But yeah, just like a casino or a bookmaker, if the underwriters have done their job properly the insurance company will always win.
(Think of the history of the individual as kind of a trump card...
But yeah, just like a casino or a bookmaker, if the underwriters have done their job properly the insurance company will always win.
Barbarossa is not my real name,
Tue 1 Mar 2011, 15:02,
archived)
Well they always sorta win.They don't have you pay out. It's in the own interest to pay out a little as possible.
I'm guessing there a formula somewhere which works out the lowest payout level to the least number of paying customers lost.
Additionally if you write insurance softerware, are you a merekat?
(I'm guessing there a formula somewhere which works out the lowest payout level to the least number of paying customers lost.
Additionally if you write insurance softerware, are you a merekat?
riverghost servicing your mum since,
Tue 1 Mar 2011, 15:14,
archived)