insurtech | Insurance Software development

Insurance Overview

Author - Webner
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9:54 am
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Business of insurance runs on probability. If there are 10000 cars each driven by a different driver, there is a certain possibility (risk) that 1 or more of these cars will be hit in an accident within next 1 year. How many of these cars will be hit is not clear. But it is unlikely that all of them will be hit or none of them will be hit. Also it is not clear how much will be the repair cost when a car gets hit but it cannot be more than the original price of the car. To the […]

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