The best solution for insurance companies

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Frequent Visitor
Posts: 4
Registered: ‎04-27-2018

The best solution for insurance companies



This is a tool for underwriters and finance department. This helps very quickly to find out the minimum rate and the minimum insurance premium. The data is based on insurance statistics for 2 years. This is the data of one large insurance company.


The Average sum insured = 100% valid (insurance) cost of the car.


The Combined Ratio = Loss Ratio + % of acquisitions. Check 85% - an acceptable level of loss.


Quality data = data providing a large percentage of the sample. "GOOD" is qualitative data, "BAD" - Incorrect data and small statistics.


MIN Rate - minimum rate with average sum insured.


MIN Premium - minimum insurance premium total.


Other brand, model - brand and model with small statistics.







*by Alexey Malashenko