Sentences with phrase «risk factors an insurer»

Many of the risk factors insurers consider are things you can't control, such as your gender and your age.

Part of the process of underwriting and setting rates is taking a look at the driver's past to gauge the risk factor the insurer will face in taking them on as a customer.

One of the biggest risk factors insurers use is past and present tobacco use, and the life insurance application will include questions about smoking and other risky behaviors.

In addition to the type, amount and duration of insurance, there are several personal risk factors the insurer considers to determine if you qualify for life insurance and how much to charge for your policy.

Fourth, ask about the risk factors an insurer is willing to cover.

Not exact matches

Level term policies are usually more affordable since premiums can vary based upon factors other than age, and the insurer can better price your risk profile.

The score is combined with many other factors, like driving record and type of car, to help insurers come up with a premium that matches your risk profile.

Kristina Baldwin, from the trade group Property Casualty Insurers Association of America, questions some of the report's findings and says insurers use many factors to best gauge policyholdInsurers Association of America, questions some of the report's findings and says insurers use many factors to best gauge policyholdinsurers use many factors to best gauge policyholder risk.

In addition, the Association of British Insurers, the main trade association for insurers in Britain, is engaged in a number of related research projects, which cover such issues as coastal flooding risks, the subsidence of buildings and the effect on claims of climatic factors geInsurers, the main trade association for insurers in Britain, is engaged in a number of related research projects, which cover such issues as coastal flooding risks, the subsidence of buildings and the effect on claims of climatic factors geinsurers in Britain, is engaged in a number of related research projects, which cover such issues as coastal flooding risks, the subsidence of buildings and the effect on claims of climatic factors generally.

This is because it depends on a variety of other factors, including the individual risk, and the different insurers we use have different views on this.»

When transferring longevity risk for a given pension plan or insurer, there are two primary factors to consider: current levels of mortality, which are observable but vary substantially across socio - economic and health categories, and longevity trend risk, which is systematic in nature as it applies to populations.

There are three major risk factors with insurers: the underwriting cycle, investment returns, and expense control.

Most insurers factor in credit score, the highest level of education attained, home ownership, and other factors to determine the risk of a driver getting into accidents.

An insurer will take into account your assets, your risk factors, and several other items when presenting you with a quote.

According to FICO, a major company that generates credit - based insurance scores, approximately 95 % of auto insurers and 85 % of homeowners insurers use credit - based insurance scores in states where it is a legally allowed underwriting or risk classification factor.

Each insurer has its own underwriting protocols, and an experienced broker will have a feel for which insurance company is likely to offer the most favorable rating to a client with a particular risk factor.

The FSB is chaired by the Governor of the Bank of England Mark Carney, who in September created waves in the global financial sector with a speech to insurers warning of serious risks to investors from climate change due to, among other factors, a sudden asset write down with «jump - to - distress prices».

The Financial Services Commission of Ontario (FSCO), who is in charge of approving and licensing insurers in Ontario, will now be tasked with reviewing these risk factors to ensure that deemed «risky» clients are not being unfairly taken advantage of.

Generally speaking, guaranteed issue life insurance will cost a bit more than some other traditional types of life insurance because of the increased risk factor taken on by the insurer.

While auto insurers look at your driving record, life insurance underwriters look for factors that suggest a potential policyholder has a high mortality risk.

The insurers try to prevent this from happening by building complicated financial models, which calculate the risk that a «loss event» will occur and the cost of that loss using a wide array of factors.

Insurance rates can vary significantly from person to person based on a variety of risk factors, and insurers often use statistics to help determine risk.

Moving violations are one of several car insurance factors that can identify you as a risk in the eyes of insurers and can result in a significant increase in your premiums.

When a life insurance underwriter looks at certain risk factors, having Type 2 diabetes could potentially signal to the insurer you pose a higher risk of claim.

In particular the premiums may rise based on the filings of previous claims against the policy, injury or any other factor that might increases the insurer's risk of being obligated to pay out under the insurance policy provided.

The first and most important factor that insurers use to determine your risk is your driving record and your previous accident history.

First of all, it's important to understand that life insurers will place you in a category based on your risk factors.

Sometimes your choice of hobbies such as scuba diving, boxing and skydiving can make life insurers apprehensive about the risk factors involved.

As a new driver, the insurer has no history to rely on, so your premiums are based mainly on risk assessments of drivers that fit your demographic profile on factors such as age, gender and location.

If you do have a person in the household who is now considered high risk, remember the factors that lead insurers to raise risk assessments fade over time.

Year, make and model of a car will frame what levels of coverage you should get and will also be a major factor in how an insurer will determine what it needs to charge you to hedge against its exposure to risk and the possibility of paying claims.

Naturally, insurers will do all they can to minimize the amount of money they pay out, so they look at risk factors like family history, lifestyle, current health, and BMI.

Auto insurers have extensively studied the connection between poor credit scores and high rates of auto insurance claims and other risk factors, and have consistently seen the same pattern: a strong positive correlation between poor credit and high rates of claims (and a corollary connection between good credit and low claims rates).

While some high risk factors are unavoidable such as the contracting of certain diseases, others can be either avoided or managed, thus reducing your risk to the insurer and making your application for coverage more acceptable.

Insurers base rates on a number of factors, including the number and types of vehicles you are covering and the risk of collisions and theft in your city.

There are many determining factors the insurer is going include and if a parent adds the younger driver to the policy the insurer may assign more risk to the multi-policy since the young driver is considered higher risk.

Insurers weigh the above risk factors differently, so make sure to shop around to find the car insurance company that has the best rate for your specific situation.

Brokers place a client's risk with a particular insurer based on a number of factors — one of which is the company's financial performance.

An insurer will take into account your assets, your risk factors, and several other items when presenting you with a quote.

The insurer will examine the medical history, lifestyle, and other factors that relate to the individual's medical needs, and, through actuarial analysis, make an estimate of the risk associated with providing coverage.

Since the rate offered to each driver varies according to credit history, driver age, vehicle model and risk factors, obtain quotes from major auto insurers like Allstate to get the maximum coverage.

If you want to save money on your home insurance policy, it helps to understand the key factors insurers use to measure your risks and calculate your rates.

These are called your «Risk Factors», or the risk you present to the insurer of dying during the term of your life insurance coverRisk Factors», or the risk you present to the insurer of dying during the term of your life insurance coverrisk you present to the insurer of dying during the term of your life insurance coverage.

According to Proposition 103, insurers can not consider any other factors in setting auto insurance rates in California without submitting them to California's Commissioner of Insurance for approval — and in order to win approval, the factors have to be «substantially related to the risk of loss».

Potential insurers will issue auto insurance quotes based on a risk factor.

Each insurers determines your rate differently based on risk factors.

That's why it's important to comparison shop for your plan so you can find out which insurers offer the most affordable coverage for your specific personal risk factors.

Remember different insurers look for different risk factors and indicators.

Insurers take one look at your information to determine the risks and these factors have a big impact on the cost of your life insurance.

While the insurer can safeguard itself from higher claims from risk - prone customers, loading ensures that even people with a slightly high - risk factor get critical illness insurance cover.