In an attempt to understand how insurance companies make money … want to know what you think is the average cost of insurance for the average claim.
what is the average cost of a policy.
If these two,
can say that their average claim £ 5,000
and 400 pounds for an average policy
This means the heart will spend 12 Average Guy and a half years with a claim to the insurance company to make money!
How it works

All insurance is an investment pool.
Insurer takes the money and put it in a pot, from which it pays the claims and its own costs and if it is left over, profit.
For, as they work their actuaries about the risk of the values, history and statistics, and they come with figures that the pot with enough money to keep a profit need, but not too expensive, people are not buying insurance of them.

They know that the averages for the things you mention, but they will not tell me or you or we could be as smart as they and so many like them, we do not care gets paid for insurance.

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