Preview

A Prsentation on “Car Insurance Claims.Sav” Analysis of the File Car Insurance Claim.Sav

Satisfactory Essays
Open Document
Open Document
1049 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
A Prsentation on “Car Insurance Claims.Sav” Analysis of the File Car Insurance Claim.Sav
A prsentation

on

“car_insurance_claims.sav”

Analysis of the file car_Insurance claim.sav

INDEX
Table of Contents Objective: 3 Analysis: 3 Statistics of Data 3 Frequency Table 4 Crosstabs 8 Analysis of Variance 13 Conclusion: 15

Objective:

* To analyze the complete damage claims for cars on the factors like policyholder age, vehicle type, and vehicle age * To find out the reasons for the claims * To find out which group of vehicle is taken for more claims

Analysis:

Statistics of Data | | Policyholder age | Vehicle group | Vehicle age | Average cost of claims | Number of claims | N | Valid | 128 | 128 | 128 | 123 | 128 | | Missing | 0 | 0 | 0 | 5 | 0 | Mean | 4.50 | 2.50 | 2.50 | 231.14 | 69.86 | | | | | | |

Comments: The mean cost of claims is 231 Rs and mean Number of claims 69.86

\

Frequency Table Policyholder age | | Frequency | Percent | Valid Percent | Cumulative Percent | Valid | 17-20 | 16 | 12.5 | 12.5 | 12.5 | | 21-24 | 16 | 12.5 | 12.5 | 25.0 | | 25-29 | 16 | 12.5 | 12.5 | 37.5 | | 30-34 | 16 | 12.5 | 12.5 | 50.0 | | 35-39 | 16 | 12.5 | 12.5 | 62.5 | | 40-49 | 16 | 12.5 | 12.5 | 75.0 | | 50-59 | 16 | 12.5 | 12.5 | 87.5 | | 60+ | 16 | 12.5 | 12.5 | 100.0 | | Total | 128 | 100.0 | 100.0 | |

Vehicle group | | Frequency | Percent | Valid Percent | Cumulative Percent | Valid | A | 32 | 25.0 | 25.0 | 25.0 | | B | 32 | 25.0 | 25.0 | 50.0 | | C | 32 | 25.0 | 25.0 | 75.0 | | D | 32 | 25.0 | 25.0 | 100.0 | | Total | 128 | 100.0 | 100.0 | |

Vehicle age | | Frequency | Percent | Valid Percent | Cumulative Percent | Valid | 0-3 | 32 | 25.0 | 25.0 | 25.0 | | 4-7 | 32 | 25.0 | 25.0 | 50.0 | | 8-9 | 32 | 25.0 | 25.0 | 75.0 | | 10+ | 32 | 25.0 | 25.0 | 100.0 | | Total | 128 | 100.0 | 100.0 | |

Descriptive Statistics | | N | Mean | Std. Deviation | Skewness | | Statistic | Statistic | Statistic | Statistic |

You May Also Find These Documents Helpful

  • Good Essays

    comm 450 assignment 1

    • 907 Words
    • 4 Pages

    b) Kleinberg Corporation was sued by a customer for product liability. The customer sought damages of $1,500,000. At the its December 31, 2012, year-end, the company obtained an opinion from their lawyers that the customer had a 75% likelihood of winning the suit with the damages likely to be assessed in the range of $800,000 to $1,200,000. Legal costs were estimated to amount to a further $150,000. In late January, before the company’s financial statements had been finalized, the company settled the claim with the customer for $800,000. The lawyers estimated their fees to be reduced to $80,000 because the matter was settled without going to court.…

    • 907 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Risk of vehicular accident which may result serious injury or damage to property or may result early death…

    • 1382 Words
    • 6 Pages
    Good Essays
  • Good Essays

    If an accident was caused by a vehicle malfunction, a claim can be pursued with the automaker…

    • 465 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Just Coffee Copy

    • 2913 Words
    • 26 Pages

    b) Insurance costs are on a higher side when compared with Statistics Canada (Small Business- Nova Scotia), approximately by $714.…

    • 2913 Words
    • 26 Pages
    Good Essays
  • Powerful Essays

    Question 2 (10 marks) An insurance company is modelling its motor insurance claims. It has determined that the probability of a claim depends on the number of claims in the previous two years. If a motor insurance…

    • 2401 Words
    • 10 Pages
    Powerful Essays
  • Powerful Essays

    This paper has been prepared for the Institute of Actuaries of Australia’s (IAAust) Accident Compensation…

    • 17378 Words
    • 70 Pages
    Powerful Essays
  • Satisfactory Essays

    So as you can see there are alot of reason a claim could be returned from an insurance company. This is just a few reason that they could be…

    • 299 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Jresearch

    • 868 Words
    • 4 Pages

    So, when and automobile is damaged by collision,vandalism, theft,or fire, the owner must decide what shop…

    • 868 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    Protective’s claims operation benefits from strong employee retention at both the claims management and claims team supervisor level. Vice President of Claims, David Ghesquiere who oversees Protective’s claims department, has over 10 years of experience in managing workers compensation claims operations and has been employed at Protective for the past 13 years. In addition to the above, Mr. Ghesquiere is supported by six claims team supervisors, all of whom have an average of 10 years experience in managing of workers’ compensation claims.…

    • 82 Words
    • 1 Page
    Satisfactory Essays
  • Powerful Essays

    homework

    • 895 Words
    • 6 Pages

    which apply to that vehicle will be used. (Note that there is no coverage under this…

    • 895 Words
    • 6 Pages
    Powerful Essays
  • Better Essays

    A car incident attorney is a attorney who provides attorney to those who declare to have been harmed, physically or psychologically, as a result of the carelessness or wrongdoing of another person, organization, government agency, or other enterprise. Thus, harm attorneys tend to be especially experienced and have more details about regard to the region of law known as tort law, which includes municipal mistakes and financial or non-economic loss to a person’s property, reputation, or rights.…

    • 1123 Words
    • 5 Pages
    Better Essays
  • Satisfactory Essays

    Driver classification includes information on a person 's and is used to set auto insurance rates…

    • 1688 Words
    • 7 Pages
    Satisfactory Essays
  • Powerful Essays

    The motor vehicle has always been one of the major contributors to the death rate in America. Every time a person enters a car he is putting himself into a tremendous amount of danger. In the year 2007, accidents ranked as the fifth highest cause for number of deaths in America (Leading Causes of Death). Not only do car accidents cause deaths and injuries, but they also result in an enormous amount of money that is needed to fix damages. For example, in 2005 there were approximately “6,420,000” documented car accidents in the U.S. (Car Accident Statistics). These accidents resulted in over “42,000” deaths and about “2,900,000” injuries (Car Accident Statistics). Not only were the people involved hurt, but their bank accounts were hurt as well. In this year alone, the money spent amounted to an unbelievable “230,000,000,000 dollars” (Car Accident Statistics). While the benefits of the automobile clearly outweigh the negatives, any measure to reduce accidents and the consequences of accidents should be taken by both individual drivers and the…

    • 2465 Words
    • 10 Pages
    Powerful Essays
  • Good Essays

    Auto Insurance Essay

    • 380 Words
    • 2 Pages

    they can serve to insulate you from economic upheaval in the case your car is destroyed or stolen or even from bankruptcy in the event you are sued for damages someone sustained in an accident involving your car. The author guides the reader through several key criteria which should be considered in an analysis of their own policy.A 12 page overview of the world of automobile insurance. Choosing adequate automobile insurance can be one of the most cost effective things an individual can do in this modern age. Not only can automobile insurance This 6 page paper provides an overview of the basic management strategies of the USAA insurance company. This paper considers the management perspective and strategy, as well as the operational function of the company and the increasing importance of restructuring principles for the company. premiums whittle away a sizable chunk from an individual’s take-home pay, they can serve to insulate you from economic upheaval in the case your car is destroyed or stolen or even from bankruptcy in the event you are sued for damages someone sustained in an accident involving your car. The author guides the reader through several key criteria which should be considered in an analysis of their own policy. 6 pages. The BMW M3 has been the subject of many articles and consumer report studies recently. Rating cars is not only just an annual task for automotive journalists but it is also a subject which auto enthusiasts look forward to eagerly each season. Did their favorite car make it to the top? What did the critics have to say about it? And do these opinions agree with those who actually own these cars? This paper focuses on the BMW M3 in the sports car class. For those who own the BMW M3 it is likely they will claim that hands down it is the best sports car they have ever driven. Although not all of the auto magazines rated the BMW M3 as number one, most owners will disagree. The BMW M3 has everything a driver wants in a sporty car. By…

    • 380 Words
    • 2 Pages
    Good Essays
  • Better Essays

    Elderly Drivers Outline

    • 905 Words
    • 4 Pages

    B. A NHTSA study of 1995 FARS (Fatal Accident Reporting System) data reports that senior citizens accounted for:…

    • 905 Words
    • 4 Pages
    Better Essays