How Insurance Companies Use Data To Measure Risk And Choose Rates
Smart Data Collective
MARCH 27, 2020
Here is the type of data insurance companies use to measure a client’s potential risk and determine rates. For instance, the 2000 Honda Civic is the most stolen car in America and the Mitsubishi Mirage (in the 2013-2017 model range) has the most fatal crashes. Demographics. This includes: Age. Type of Vehicle. Telematics.
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