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Determining insurance premiums

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Reference no: EM132592711

Discussion Topic

Credit scores are often a factor in determining your insurance premiums. Search the Internet using the keywords "credit score and insurance rates" and briefly respond to these questions:

  • What are some pros and cons of using credit scores for insurance pricing?
  • Correlations are used to justify considering credit scores to set premiums. What other variables related to credit scores justify linking them to a premium rate?
  • Describe from the insurance company's perspective which expected values are affected by use of credit scores.
  • Do you agree or disagree with using credit scores in determining insurance premiums? Support your opinion briefly.

Reference no: EM132592711

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