Insurance Price Optimization

Published Aug 08 2018 at 2:00 PM GMT
  • MoneyTipsIt makes sense that if you have a car accident, your insurance premium could go up.
  • What doesn't make sense is that if you don't have an accident, you could also end up paying more, for no reason at all.
  • The explanation behind such price hikes is that more and more insurance companies are adopting a practice called "Price Optimization.
  • This involves analyzing data on consumers to find out who will shop around and who won't.
  • If a computer algorithm estimates that you aren't likely to be a savvy sho.



  • Published Aug 8, 2018 2:00 PM GMT