Insurance Law Essay Example | Topics and Well Written Essays - 2250 words

Insurance Law - Essay ExampleIn evaluating the extent of the risk, the insurance firm analyzes the disruption of claims into different subsection in many insurance firms, sex is a factor in the advisement of the premium. Legal bodies argue that insurance companies should not base their calculations in reference to the statistics. It is true and explicit that the pieces statistics show that, male drivers, specifically young drivers experience more accidents per capita than egg-producing(prenominal) drivers. This meat that female risk equivalent is less than that of male drivers that is, in reference to the same bea, same car, like brainish experience, and some knowledge of the environment. Below are statistical records in reference to males and accidents In evaluating the extent of the risk, the insurer analyzes the breakdown of claims into different subsection in many insurance firms, sex is a factor in the calculation of the premium. Legal bodies argue that insurance compa nies should not base their calculations in reference to the statistics. It is true and evident that the worlds statistics show that, male drivers, specifically young drivers experience more accidents per capita than female drivers. This means that female risk equivalent is less than that of male drivers that is, in reference to the same area, same car, similar driving experience, and some knowledge of the environment. Below are statistical records in reference to males and accidents1. Men are likely to perpetrators of fatal accidents 3 times higher than women.