Insurance Law Essay Example | Topics and Well Written Essays - 2250 words

Insurance Law - Essay Example In evaluating the extent of the risk, the insurer analyzes the breakdown of claims into different subsection; in many insurance firms, sex is a factor in the calculation of the premium. Legal bodies argue that insurance companies should not base their calculations in reference to the statistics. It is true and evident that the world’s statistics show that, male drivers, specifically young drivers experience more accidents per capita than female drivers. This means that female risk equivalent is less than that of male drivers; that is, in reference to the same area, same car, similar driving experience, and some knowledge of the environment. Below are statistical records in reference to males and accidents: In evaluating the extent of the risk, the insurer analyzes the breakdown of claims into different subsection; in many insurance firms, sex is a factor in the calculation of the premium. Legal bodies argue that insurance companies should not base their calculations in referen ce to the statistics. It is true and evident that the world’s statistics show that, male drivers, specifically young drivers experience more accidents per capita than female drivers. This means that female risk equivalent is less than that of male drivers; that is, in reference to the same area, same car, similar driving experience, and some knowledge of the environment. Below are statistical records in reference to males and accidents:1. Men are likely to perpetrators of fatal accidents 3 times higher than women.