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Statistical motor rating

Author:
Michael J Brockman
Source:
General Insurance Convention 1991
Publication date:
23 October 1991
File:
PDF 197.92 KB
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Document description

In this workshop I would like to discuss the role of the statistical approach to motor rating. I have used these techniques for over nine years with considerable success in a number of different organisations including both Companies and Lloyd's syndicates. The success is measured by improved profitability. Improved profitability is extremely important to all organisations operating in a market where it is currently questionable whether the returns likely to be achieved justify the capital invested.