DESCRIPTION
The course explains the different pricing methods involved in underwriting fleet business. At the end of the course the learner should have an understanding of the terminology used in fleet insurance, will understand what is involved in assessing risk, and will have learned how claims costs are predicted.
OBJECTIVES
At the end of this course you will be able to:
- Describe the factors involved in assessing a risk
- Explain what burning cost is
- Explain the types of cases that would be rated on book less bonus pricing
- Demonstrate knowledge of how average claims costs are predicted
