How do companies assess risk?

by Guest » Thu Feb 27, 2014 08:34 am
Guest

I personally find the auto insurance industry not up to the mark with the way they charge insurance premiums. Could you please tell me about the number of factors that the auto insurance companies take into account while assessing the risk of the borrower?

Total Comments: 1

Posted: Thu Feb 27, 2014 01:37 pm Post Subject:

If you don't find them "up to the mark" then you must know what information they use. An insured is not a "borrower".

Age, location, driving history, gender, etc.

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