I don't know the ACTUAL numbers, I made them up...I chose it to be easy numbers. You can insert £1,000,000 of profit into that example if you want, the concept would be the same.
Another example, 2 drivers - one has had a crash, one hasn't. The risk associated from these two drivers means that the insurance company needs £5000 from them in total. This (like it does currently) takes into account the possibility of major payouts. What is the problem with the young driver who's had a prang paying £4000, whilst the young driver with no prangs pays £1000?
Do not complain about the numbers. I made them up! What about the concept?
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