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Thread: WTF is going on with insurance

  1. #33
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    Quote Originally Posted by mrtee43 View Post
    Where can I read these actuarial statistics relating to the probability of someone who through no fault of their own have their car damaged by a third party, making another claim.

    Are they secret statistics?
    I’m guessing the insurance companies do the research, or at least pay for it, and choose to keep it private. Don’t see any benefit for them in making the information public.

  2. #34
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    Quote Originally Posted by stolzy View Post
    I’m guessing the insurance companies do the research, or at least pay for it, and choose to keep it private. Don’t see any benefit for them in making the information public.
    So they can spout any old bollocks and it's taken as gospel.

  3. #35
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    Quote Originally Posted by stolzy View Post
    All of which may be true,but is completely irrelevantt o the insurer.

    They are not doing research on whether the innocent party in an accident carries some extra risk.

    Their policies are based on simple actuarial statistics. If you make a claim, even as an innocent party, you're more likely to make another claim. As far as the insurance company is concerned, its as simple as that.
    Interesting, in 2017 I had 3 accidents, I was static in traffic and in each incident a car went in the back of my car. Each claim was around £1200, I was not injured. Yet this year my insurance stayed the same?
    If you have been affected,offended by any of the issues raised call free on 06213111566 . Not a fat cat...

  4. #36
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    Quote Originally Posted by zoltan View Post
    Interesting, in 2017 I had 3 accidents, I was static in traffic and in each incident a car went in the back of my car. Each claim was around £1200, I was not injured. Yet this year my insurance stayed the same?
    I'm guessing insurance companies use risk algorithms that incorporate many parameters, other than just accident history.
    There can only be 11 and I'm one.

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  5. #37
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    Quote Originally Posted by mrtee43 View Post
    So they can spout any old bollocks and it's taken as gospel.
    They don't have any obligation to explain their premium policies to you, me or anyone.

    Its a market; if you don't like the premium finad another underwriter.
    There can only be 11 and I'm one.

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