[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 450 KB, 1971x1971, god.jpg [View same] [iqdb] [saucenao] [google]
15638131 No.15638131 [Reply] [Original]

/g/ here.

I'm working on a financial app and I am looking into calculating premiums on house, car, travel, etc. insurance, but all I seem to be able to find is articles with general bullshit like "well, age and driving experience are taken into account..."

Is there a cheat sheet of formulas out there somewhere that I'm too retarded to find? I'm not looking for anything company or country specific.

>> No.15638206

Insurance isn’t one size fits all like a snickers bar breh. Everyone got different premiums...advertising a base price would not be conductive when you can pretty much scam anyone and everyone with arbitrary metrics only you control

>> No.15638429

>>15638131
>Is there a cheat sheet of formulas out there somewhere that I'm too retarded to find?
What do you mean?
Like general insurance estimates?

>> No.15638636

>>15638206
I know that, I'm looking for the way companies arrive at their premium prices.

>> No.15638800

>>15638636
>give me the end result of millions of dollars of constant actuarial research for free

Fuck, I guess programmers actually are retarded like all the memes said.

>> No.15638862

>>15638800
Is it really that crazy to ask how does an insurance company reaches the x amount per month it charges for car insurance?