Demographic changes and private passenger automobile insurance in the 21st century
Article Abstract:
The private passenger car insurance sector will witness a rapid increase in teenage drivers and a change in ethnic mix. Persons aged 15-19 will rise by 25.9% from 17.8 million in 1995 to 22.4 million in 2010. Since teenagers have high accident involvement, they are deemed a high risk group with higher premiums. The insurance sector must also develop new guidelines to meet the projected increase in the Asian and Hispanic population.
Publication Name: CPCU Journal
Subject: Insurance
ISSN: 0162-2706
Year: 1997
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Securitizing insurance risk: a technique for spreading catastrophic exposure
Article Abstract:
Securitizing insurance risk will enable the property and casualty insurance industry to expand the coverage of risk during natural disasters and to supplement the reinsurance market. This expansion is achieved through the sale or transfer of risk through an investment security. There have been at least six such transactions implemented between 1994 and 1996.
Publication Name: Best's Review Property-Casualty Insurance Edition
Subject: Insurance
ISSN: 0005-9714
Year: 1996
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