Worldwide, young drivers are involved in more road traffic collisions than any other age group. They are also the group of people who are most affected by the influence of their peers, family members and colleagues especially in the first few months after acquiring their driving licence. So how can all of us positively affect […]
Read moreI joined the InsurePal just before the ICO and came to the team bearing an extensive background in traditional insurance, which is why I had several question marks floating around my head when Tom and Matt asked me to join the team. Coming from the old fashioned insurance industry there were many reasons why I […]
Read moreThe rise of the internet gave us a place that enables us to stay connected with our peers on daily basis and a place where the power of other people’s judgement over our own is well documented. Behavior that is seen from our peers, serves as a valuable cue to determine which type of behavior […]
Read moreThe differences in actuarially fair prices between genders Actuarially fair prices from insurer’s point of view are equal to the expected cost of insurance claims plus administrative costs. Therefore, if administrative expenses are the same for all insurees, the insurance prices of two policyholders should only differ if the expected value of claims is not […]
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