Sentences with phrase «risk to insurance companies thus»

Also seniors of age 75 and above are also posting more risk to insurance companies thus they receive expensive rates as well.

Not exact matches

That's because as you get older, your chances of passing away become greater, and thus represent a higher risk to insurance companies.

However, Lincoln auto insurance companies in Alabama do give consideration to those who have taken drivers» education course and measures to minimize risks, thus making Lincoln auto insurance policy affordable for them as well.

Essentially these are educational programs that teach you how to be a «safer driver», and thus less of a risk for the auto insurance company to cover.

Thus, today companies have the ability to gauge the risk arising from individual customers and pricing the insurance cover accordingly.

The fact you were ticketed indicates to the insurance company that you may be an unsafe driver, and that the risk of you having an accident may thus be higher.

Generally speaking, beyond a certain age (most insurance companies set this age at 35), you are deemed to have slower reflexes, thus increasing your risk of accidents.

As such it may be possible to intervene prior to an insurance company failing to renew its financial robustness and thus protect policy holders from risk exposure they hadn't planned for.

Capital Management — Insurance companies need to set aside funds to cover the eventualities of claims, in the case of high risk policies with high potential financial liabilities a reinsurance agreement will enable the company to manage some of this risk prudently and thus free up capital for other projects

One of the advantages for an insurance company of tracking losses incurred is that the company can plot the results over time, and thus can examine the effectiveness of its risk management strategy in the past and in predict future levels of exposure to losses and inform the development of better risk management systems.

Thus, auto insurance companies believe the use of credit helps to underwrite an applicant at a cost that most accurately reflects that particular applicant's specific risk.

British Columbia Supreme Court Justice Jacqueline Dorgan found that before departure, Paul Fletcher had «prudently» consulted his doctors about his health; they determined that his condition was «stable» and believed his trip «would not pose any increased risks to his health,» thus meeting his travel insurance company's policy requirements.

So, greater the age of the person to be insured, greater the risk for the insurance company of a death during the term and a claim, and thus, higher premiums.

That's because as you get older, your chances of passing away become greater, and thus represent a higher risk to insurance companies.

The longer the period, the more likely you are to keep a policy, thus increasing the risk to the insurance company.

This means that the policyholder undertakes to pay a fixed percentage of his / her medical expenses out - of - pocket in case of a claim, thus lowering the insurance company's risks.

You've shown yourself to be somewhat more of a risk in the eyes of the insurance company and thus they will be less desperate for your business.

According to the ongoing sessions of the Parliament, the new Motor Vehicle Act is likely to make auto recalls compulsory in the domestic market, thus, auto part firms and car companies are likely to buy insurance policies for protection from risks of product recall.

Insurance companies calculate and evaluate a driver's accident risk thus making it reasonable for car insurance companies to give you a higher premInsurance companies calculate and evaluate a driver's accident risk thus making it reasonable for car insurance companies to give you a higher preminsurance companies to give you a higher premium rate.

However, some insurance companies might still consider the details of your collision and deem your driving habits as making you more likely to get in another incident, thus increasing their risk.

Women drivers are statistically proven to make fewer insurance claims than men, thus making them a low risk client for an investment company whose profits soar due to a lack of insurance claims.

This is because the insurance company is obliged to pay your beneficiaries a sum of USD 1,000,000 but the insurance company will get a part of that money from the fund value hence the risk of the insurance company is USD 1,000,000 minus the Fund Value thus also reducing your absolute cost of insurance.