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

• Main Authors: Choo, Koon San., Chua, Phyllis Bee Cheng., Teo, Chin Leong.
• Other Authors: Nanyang Business School
• Format: Final Year Project
• Language: English
• Published: 2013
• Subjects: DRNTU::Business
• Online Access: http://hdl.handle.net/10356/51198
• Institution: Nanyang Technological University

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...