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Actuarial Methods Coursework II QUESTION 1 An insurance company may offer travel insurance policies one including and one excluding dangerous sports for several reasons. If only one was offered and that included dangerous sports then this would mean that those taking out travel insurance with them, but only going on a conventional holiday will have to unnecessarily pay higher premiums. Which means that the company could lose their competitiveness for these clients may look elsewhere to get a more appropriate policy. However if a policy not including dangerous sports was offered only, then those going on extreme sports holidays will then look elsewhere for insurance. So in order to remain competitive the company offers the two policies. QUESTION 2 (i) General insurance companies use no-claims discounts in order to encourage clients to take out insurance. It is used for it encourages clients to renew their policy at the end of their term if they have...

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