GA bias in "general" insurance?

Mxsmanic wrote in
:

kontiki writes:

There you go again.... attempting to apply logic to a particular
problem. The application of bonafide logic to real life is politically
incorrect.

Insurance companies make their money by doing calculations based on
fact. I don't think they are in the habit of setting risks and
restrictions based on taboos or superstitions.

Absolutely 100% INCORRECT.

I asked my friends the actuaries about this.

The most vocal and experienced of the group said that it is in the hands
of the underwriter as to what inclusions and exclusions are in the
contract. The underwriters are people that make decisions based on the
facts and statistics that they observe. But they are people, and many of
their decisions are based on their human emotions, beliefs and opinions.
Otherwise, all insurance contracts would read the same.

Actuaries pretty much just figure out things like how much they need to
charge and how they need to invest money to ensure that the company
continues to be profitable every year after the "expected" amount of
capital gains, payouts, and revenue.

Interestingly enough, he said that in his experience, it was more likely
to find insurance companies that would exclude a Commercial Pilot than a
Recreational Pilot. He believed that even Airline Pilots would be included
in the category of Commercial Pilot.

I told him that statistically speaking, it would seem that Airline Pilots
are probably safer than GA Commercial Pilots or Recreational Pilots, but I
told him not to tell any underwriters that he works with because rather
than relieve the burden on Airline Pilots, they would probably just make
it harder for Recreational Pilots too...

It was not clear which category Sim Pilots fall into.

If you have any conversations with experts in the insurance industry that
you would like to share to back up your statements, I would be most
interested in hearing about them.

In article ,
says...


Mxsmanic wrote in
:

kontiki writes:

There you go again.... attempting to apply logic to a particular
problem. The application of bonafide logic to real life is politically
incorrect.

Insurance companies make their money by doing calculations based on
fact. I don't think they are in the habit of setting risks and
restrictions based on taboos or superstitions.




Absolutely 100% INCORRECT.

I asked my friends the actuaries about this.



If you have any conversations with experts in the insurance industry that
you would like to share to back up your statements, I would be most
interested in hearing about them.



You've got it all wrong - the experts are supposed to listen to him.

Judah writes:

Absolutely 100% INCORRECT.

Yes, sir!

Interestingly enough, he said that in his experience, it was more likely
to find insurance companies that would exclude a Commercial Pilot than a
Recreational Pilot. He believed that even Airline Pilots would be included
in the category of Commercial Pilot.

Commercial pilots are safer per hour, but they fly more hours.

It was not clear which category Sim Pilots fall into.

An advantage of simulators is that they have virtually no risks
associated with them.

If you have any conversations with experts in the insurance industry that
you would like to share to back up your statements, I would be most
interested in hearing about them.

I used to work in the industry, so I didn't need to look for expert
conversations.

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Mxsmanic wrote in
:


Commercial pilots are safer per hour, but they fly more hours.

Do you mean Commercial GA Pilots fly more hours than Airline Pilots?

An advantage of simulators is that they have virtually no risks
associated with them.

Obesity? Obesity holds a much higher risk than flying, even according to the
insurance underwriters.

I used to work in the industry, so I didn't need to look for expert
conversations.

Were you an Underwriter or an Actuary?

I used to work in the industry, too. That's how I know the experts that I
asked. If you used to work in the industry, certainly there is someone you
could ask who might be able to provide you a legitimate answer based on
factual information, instead of forming opinions based on your own limited
experience.

Judah writes:

Do you mean Commercial GA Pilots fly more hours than Airline Pilots?

Any commercial pilot flies more hours than the vast majority of
private pilots; after all, it's her job.

Obesity? Obesity holds a much higher risk than flying, even according to the
insurance underwriters.

Yes, but flight simulators don't make you obese.

In fact, and just incidentally, I find that I eat less when flying a
simulator than when doing other activities at home. The time flies
by.

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