Car Insurence Claim

Published on May 2016 | Categories: Documents | Downloads: 41 | Comments: 0 | Views: 282
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Group Name

PIONEERS

Group Members

Hasan Ashraf Umair Masood Hama iun Rasheed Adnan Ashraf Shoaib Ashraf

9131 9136 911! 913" 91#6

Assi$nmen% Submi%%ed &o Prof' Sofia (a)eed

A*era$e +os% of insuran+e +)aim
,ariab)esThe objective of this study is to explore the average cost of insurance claim of a single vehicle that how many times claimed for insurance. In this study the data on five variables would be used to investigate that the company beard average cost of insurance claim with respect to other four variables. Description of the variables is as follows: .efini%ions of ,ariab)es.ependen% ,ariab)eAverage cost of claims: This variable is used to find out the average cost of a single vehicle. Average cost determines by dividing total cost of that specific vehicle with the number of insurance claim of that particular vehicle that how many times that vehicle claimed for insurance. Independen% ,ariab)es1. olicy holder age: This variable is to get the !nowledge of the policy holder age. Through age it would be determine how well the car has been handled. ". #ehicle group: $y this variable we can get the information of the vehicle model and brand. As the insurance policy vary according to its model and brand. %. #ehicle age: This variable tells that how long that car is used. And the time period of the car that from how many years the car is utili&ing. '. (o. of claims: This independent variable is to get that how many times that vehicle is claimed. .es+rip%ion of /asesA sample of 1") numbers of vehicles selected. *ach case is showing that how many times it is claimed for insurance. Sour+e of %he .a%acar+insurance+claims ,spss sample fileProposed Ana) sis.raphical and fre/uencies are proposed to analy&e the dependence of average cost claimed vehicles on its four independent variables. $ar and histogram graphs would be prepared and interpreted for its analysis.

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