Re: NU 6: by RG Varible Insurance premium

VARIABLE INSURANCE PREMIUM Insurance premiums in the Philippines are calculated by certain percentages and are common/fixed regardless of the profile of the entity being insured. In other countries like the U.S., individuals are assessed based on their risk levels ( first time availer pays higher premium than that of a person with previous availments and without accidents/claims). It will be valuable if same principle can be applied here in the Philippines because you will be rewarding those people who operates safely (i.e. vehicle owners, factories, etc.) and at the same time penalizing those who are not. This can be economically viable and at the same time promotes safety, health and environmental awareness to the society. 3