On Fri, 29 Oct 2004 17:48:27 +0100, Andy Hall wrote:

On Fri, 29 Oct 2004 17:35:00 +0100, MM wrote:

I got one quote, and they worked out the value for buildings insurance
based on post code, number of bedrooms and other points. Then I called
another broker and she said her firm had to be advised the value
required to be insured, as they could not themselves provide any
estimate. I kind of had the feeling from them of, take it or leave it!


These people employ actuaries.

Actuaries are people who found accountancy too exciting.

Insurance companies are basically the white collar version of a
bookies and operate in similar ways - looking at odds and form, laying
off bets and so on.

So they look at what the others are doing as well as applying their
own rules.

Heh heh. Andy, you could compile a dictionary for cynics. Should be a
best seller.

Phil
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