PROFICIENCY IN BUSINESS TOOLS

Assignment-2
(Analysing of Payment data of Insurance co)

Submitted to: Submitted by:

Prof. Rupesh Monisha
2016JULB01001
Analysing of Vehicles takes place Accident:

The total number of accidents occurred more in city limits rather than Highways.
The CGV vehicles takes place accident more in City Limits and in Highways the
cars take place happening of more accidents.

In the City Limits the accidents takes place more due to cause of Driver
Error/Negligence& in the case of Highways the accidents take place due to Traffic
congestion.

Coming to categories:
The youth occurs more accidents in city limits as we categorised youth age:
CONDITIONS
0 - Age not known
18 18-34 Youth
35 35-60 Adult
61 61-79 Senior Citizen

For the Adults, the accidents occurred more in highways compare to city limits&
also the cars are caused due to accident for the adult stage.

Quarterly Data:
The more accidents take place in the year 1997 in the city limits. The total amount
to be paid in that year -53872 in case of city limits. In the quarter-3 the accidents
take place more.
Settlement Date:
Payments made during the years
Place of Accident
City Limits Highways
Total
Paid Cou Total Paid Cou Total Paid Cou
Amt nt Amt nt Amt nt
Total
date of
payme
nt 110215 16 61,827 12 48,388 4
1998 92205 14 60,027 11 32,178 3
2000 1,800 1 1,800 1 - -
2001 16,210 1 - - 16,210 1

In the Year 1998, the payment should be made because the accident took place
more number of times in1997. last year, it took time for settlement.
So, the insurance company did an analysis of the city limits more accidents are
happening due to cog vehicles.
it was caused due to driving carelessness. Thus, the company wants to insure the
life of youth then make claims.
In case of Adults, the accidents took place due to driving, Traffic congestion. So,
they want to focus on it.
They charge high insurance premium for youth in city limits. They plan the
settlement. since they knew the quarter in which accidents happened. It helped in
reducing the risk.