Write a report to determine risk indicators

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Reference no: EM133879896 , Length: word count:1500

Data Visualisation and Communication

Assessment - Informing Insurance Premiums through Data

Task

As a Business Analytics professional working in a New Zealand company specialising in car insurance, your task is to create an individual report that analyses vehicle thefts in New Zealand, based on the findings from your group work in Assessment.

Assessment Description

You work in business analytics in a New Zealand company specialising in car insurance. You have been asked to write a report to determine risk indicators, including which locations and types of vehicles are more likely to result in a theft. This in turn will influence the setting of insurance premiums. Looking for last-minute assignment help? Grab it now!

In your report, written individually (not as a group), provide an insightful story to assist your employer with decisions about the setting of vehicle insurance premiums, based on propensity of vehicle theft. You are also required to include a forecast on likely premium increases in 2023 based on trends in monthly thefts throughout 2021 and 2022. Your report should include a narrative that includes recommendations for the setting of insurance premiums, adjusted for identified risks

Additionally, your report must explore how future advances in information technology may help refine the process of setting insurance premiums.

Reference no: EM133879896

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