The report represents a limited study of the United Kingdom Automobile Insurance Industry: (1) the structure, size, and relationships within the industry; (2) the basis of premium calculation, rate structure, types of policies, and payment of compensation; (3) marketing of insurance; (4) the role of the two main motorist organizations; (5) individual differences between individual and fleet insurances; and (6) the profitability of the British system.
There are many elements that constitute the makeup of the automobile insurance premium, the major ones being age, sex, marital, status, and the utiliz...
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