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5 Key Factors That are Taken into Account When Assessing Risk Profile

December 28, 2018 | Author: | Posted in Insurance

Risk profiling is nothing more than an assessment of the risk to be insured in the event of an accident when claims are made from the insured risk. As per the motor insurance policies in Malaysia, various factors are considered while calculating the risk profile of the individual. This helps the insurance company in determining …

How is the Risk Profile Assessed on the Basis of Individual Risk Factors?

August 9, 2018 | Author: | Posted in Insurance

Risk assessment is one of the primary tasks to be performed by insurers. Also, known as underwriting, it is a detailed methodology which helps the insurer in evaluating and assessing the risk associated with the insurance policy. The main purpose of the assessment is the calculation of the correct premium amount for the insured. The …

Common Criteria that Companies Use to Calculate Your Car Insurance Premium

January 20, 2018 | Author: | Posted in Insurance

In Malaysia, all drivers are required to carry motor insurance that covers costs related to an accident, theft or damages. When a claim is made by the driver in the event of an accident, damage or theft, the insurance company needs to provide a payout that may include repair or replacement of the vehicle or medical care …

Buying a New Car? Your Age and Gender will Affect Car Insurance Price

December 22, 2017 | Author: | Posted in Insurance

Buying a new car is one of the most exciting things in one’s life. However, there is one more important decision that you’ll need to make after buying a new car and that is, which motor insurance should you get? You’ll need to be covered if your newly-purchased vehicle meets with an accident or is …

Know How Auto Insurance Companies Calculate Risk for Individual Driver

November 24, 2017 | Author: | Posted in Business

The insurance industry is all about calculated risk. Car insurance companies in Malaysia calculate premium rates based on how you are likely to make a claim in the future, and they use a number of factors to determine that risk. Malaysian insurers may use a different set of factors to calculate risk and determine premium …

Know How Auto Insurance Companies Calculate Risk for Individual Driver

November 16, 2017 | Author: | Posted in Insurance

The insurance industry is all about calculated risk. Car insurance companies in Malaysia calculate premium rates based on how you are likely to make a claim in the future, and they use a number of factors to determine that risk. Malaysian insurers may use a different set of factors to calculate risk and determine premium …

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