A computer simulation model of the no-claim discount system.

Although the motor insurance business grew by 15.7% to $482 million in terms of gross premiums in 1994, it has been registering losses since the Emergency Period after World War II. The dismal performance of the motor business has often been attributed to the high incurred lost ratio. Although much...

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Bibliographic Details
Main Authors: Choo, Koon San., Chua, Phyllis Bee Cheng., Teo, Chin Leong.
Other Authors: Nanyang Business School
Format: Final Year Project (FYP)
Language:English
Published: 2013
Subjects:
Online Access:http://hdl.handle.net/10356/51198