Wednesday, September 2, 2009

Determining Insurance Premiums

How are insurance premiums determined?

Car insurance is a necessary product that protects a policyholder from financial loss. Determining the amount of premium to pay for this protection involves statistical analysis by GEICO actuaries. Actuaries are statisticians who compute insurance risks and premiums.

When you watch this playful video, you'll learn about the detailed work involved in determining car insurance rates.

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