Auto Insurance: a GBA+-specific example

5 - Summary

It is well known that young single men under 25 pay higher auto insurance premiums. Other drivers are not required to compensate for the type of risks young drivers represent for insurance companies. This prevents drivers considered as low risks from being adversely affected.

In this example, a GBA+ of driving patterns and behaviour, including intersecting factors, highlights the combination of age, gender and marital status for determining risk. This illustrates how a "one size fits all" approach would negatively impact many drivers.

A GBA+-specific approach can be helpful in meeting the needs of a group with a particular disadvantage or, in this case, to prevent a group from being negatively impacted.