Hi
> Clearly if the companies have got their sums wrong for any
> age/sex/vehicle/place group there is a substantial amount of business
waiting
> for the person who notices that a working amount of profit can be derived
> from a smaller premium
Which is exactly what CIS are doing and have done for many years. I remember
being insured by CIS when I was young.
It does raise the question of what the hell are the other companies doing
Richard J
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----- Original Message -----
From: "Adrian Midgley" <[log in to unmask]>
To: <[log in to unmask]>
Sent: Sunday, November 28, 2004 6:56 PM
Subject: Re: Car insurance for new drivers
> On Sunday 28 November 2004 17:57, Richard Johnson wrote:
> > Normal market rules as you and I (in
> > the mature end of the insurance market) are totally suspended in the
> > insurance market for the young.
>
> I think those _are_ the normal market rules for insurance.
>
> Population * risk * cost = premiums - profit
>
> Clearly if the companies have got their sums wrong for any
> age/sex/vehicle/place group there is a substantial amount of business
waiting
> for the person who notices that a working amount of profit can be derived
> from a smaller premium.
>
> OTOH, like it or not, actuaries tend to get their sums right.
>
> --
> Dr Adrian Midgley GP Exeter www.defoam.net
> Open Source is a necessary but not of itself sufficient condition.
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