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Life Insurance Industry in US

668 bytes added, 11:45, 5 May 2009
'''Key Findings:'''
 
* The first level of segmentation in Life Insurance industry is on the basis of Age and Gender. Then they are further segmented on the basis of their health class and thereafter on the basis of their smoking habits.
* It is noteworthy that although the companies charge less premium for women than men, the increase in premium as the health class shifts is higher for women than men. This is an indication that the companies maintain a policy of high risk averseness for women as their health class goes down.
* Companies consider Best and Preferred class customers in the same segment as the premium charged is same for both of these classes.
 
 
==Objective==
* To perform sensitivity analysis and qualitatively determine the variation in monthly premium charged by the life insurance companies.
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