Aviva is refusing to allow collision on any car over 500hp (split)

[ExtraSlow]

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Damn, I pay 13k a year . 4 cars and 2 houses with no tickets or claims on file.

And the 500hp thing is BS, I haven’t owned a car with under 500hp in over 10 years.

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The real man has spoken

Agree, that's how you do it. Geeze, what are the rest of your guys, all students or something?

[Twin_Cam_Turbo]

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Agree, that's how you do it. Geeze, what are the rest of your guys, all students or something?

Not all of us are lucky enough to drive Savage Honda Fits

[Masked Bandit]

For the purpose of clarification, only one of our six companies (Economical) has implemented this 500 HP restriction thing. The OP in this thread indicated that Aviva is doing it as well but to my knowledge those are the only two in the market AT THIS POINT applying this restriction.

[jaylo]

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500 hp really isn’t that hard to come by these days. Odd business decision.

Just a theory...

Somewhere, sometime last summer, a summer student was asked to provide statistics and report, classified by claims and type, and failed to do proper math/statistics, presented during a strategy meeting, an upper manager believed it, and implemented it.

Botching statistics is fairly common. I have been handling data for over a decade one source of truth is usually harder to come by, and mostly done by low-cost employee like summer students. Everyone hates math, let alone stats and calculus.

OR

Another theory is maybe the avoidance of covering larger fleet vehicles (super duty trucks, commercial vans, semis, etc...) which had big payouts in AB.

Enthusiasts are not directly targeted, but do feel emotional that certain companies cannot fully cover their grocery-getter or exotic.

Just get coverage somewhere else.

[Buster]

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Just a theory...

Somewhere, sometime last summer, a summer student was asked to provide statistics and report, classified by claims and type, and failed to do proper math/statistics, presented during a strategy meeting, an upper manager believed it, and implemented it.

Botching statistics is fairly common. I have been handling data for over a decade one source of truth is usually harder to come by, and mostly done by low-cost employee like summer students. Everyone hates math, let alone stats and calculus.

OR

Another theory is maybe the avoidance of covering larger fleet vehicles (super duty trucks, commercial vans, semis, etc...) which had big payouts in AB.

Enthusiasts are not directly targeted, but do feel emotional that certain companies cannot fully cover their grocery-getter or exotic.

Just get coverage somewhere else.

Insurance companies don't rely on summer students for these types of decisions.

They rely on an army of highly paid (and usually very high IQ) actuaries.

[revelations]

Hey Bill,

Are going to see (more) of insurance companies becoming more specialized to certain clientèle?

(eg. AVIVA prefers old single people driving Buicks vs. WAWANESA who looks after students more, TDMM for p.eng, etc.)

It would make life easier for people to then focus on that corp for their needs.

[killramos]

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Just a theory...

Somewhere, sometime last summer, a summer student was asked to provide statistics and report, classified by claims and type, and failed to do proper math/statistics, presented during a strategy meeting, an upper manager believed it, and implemented it.

Botching statistics is fairly common. I have been handling data for over a decade one source of truth is usually harder to come by, and mostly done by low-cost employee like summer students. Everyone hates math, let alone stats and calculus.

OR

Another theory is maybe the avoidance of covering larger fleet vehicles (super duty trucks, commercial vans, semis, etc...) which had big payouts in AB.

Enthusiasts are not directly targeted, but do feel emotional that certain companies cannot fully cover their grocery-getter or exotic.

Just get coverage somewhere else.

People actually use the work that Summer Students do? I have always considered them to basically be charity.

It’s honestly probably that aviva had one big payout for a 500+ Hp car or 2 last year

[Mitsu3000gt]

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People actually use the work that Summer Students do? I have always considered them to basically be charity.

It’s honestly probably that aviva had one big payout for a 500+ Hp car or 2 last year

It probably depends on the industry, but I did real work the entire time I was a summer student, to the point that my duties didn't significantly change by the time I was brought on as a full time employee. Same deal with my own summer students I've had since. It's not uncommon in my experience. Just dumping all the shit work onto them isn't good for their development IMHO.

[jaylo]

Summer students are treated like an employee when brought in and have the same tasks and initiatives as a regular employee.

The only difference is the pay.

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It probably depends on the industry, but I did real work the entire time I was a summer student, to the point that my duties didn't significantly change by the time I was brought on as a full time employee. Same deal with my own summer students I've had since. It's not uncommon in my experience. Just dumping all the shit work onto them isn't good for their development IMHO.

Big payout on a few exotics stood out as an outlier and probably pointed out by upper management, hence the ban.

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Insurance companies don't rely on summer students for these types of decisions.

They rely on an army of highly paid (and usually very high IQ) actuaries.

If a student can do the same job, for way less money, it's plausible. Summer students are treated like an employee in most companies.

[jaylo]

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Insurance companies don't rely on summer students for these types of decisions.

They rely on an army of highly paid (and usually very high IQ) actuaries.

You're right. Decisions are made by the board of directors, then trickles down to the CEO, to VP, and so on.

[Masked Bandit]

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Hey Bill,

Are going to see (more) of insurance companies becoming more specialized to certain clientèle?

(eg. AVIVA prefers old single people driving Buicks vs. WAWANESA who looks after students more, TDMM for p.eng, etc.)

It would make life easier for people to then focus on that corp for their needs.

I wouldn't go that far just yet. Right now everyone (insurance companies) are running for cover because they're losing money hand over fist on auto insurance. If, and that's a big if, the next government can fix the injury lawyer problem things will go back to normal within 12-18 months after. Between now & then could be a complete shit show though.

[Sugarphreak]

...

[max_boost]

I'm with Aviva for my golf and they were the cheapest. In addition they are pleasant to deal with so far, no issues. Just finalized a deal on a IS300 AWD F-Sport and it's only half way to 500hp so I'm good haha

Perhaps I'm one of those old single guys they like to target?!

[Sugarphreak]

...

[Misterman]

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I'm with Aviva for my golf and they were the cheapest. In addition they are pleasant to deal with so far, no issues. Just finalized a deal on a IS300 AWD F-Sport and it's only half way to 500hp so I'm good haha

Perhaps I'm one of those old single guys they like to target?!

RRracing makes a tune for them to get you the IS350 fuel maps and be over 300hp. Just sayin...................

[max_boost]

haha ya I'm good tho. My modding days are long done and I don't care much for speed anymore.

I'm going back to my 2003 self where I drive a car that looks baller and fast but is neither haha

max_boost budget baller is back! haha

[spikerS]

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haha ya I'm good tho. My modding days are long done and I don't care much for speed anymore.

Truth. I haven't modded any of my last 4 vehicles for performance gains. I have done cosmetic work, but everything else is bone stock.

[M.alex]

Either OP is forgetting a few key details or Aviva just wants him off their books.

I just bought and insured a new Viper today. 5 minutes on the phone with my broker and got my pink cards, no issues. I've been with Aviva for almost 20yrs.

[TomcoPDR]

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I just bought and insured a new Viper today.

Love the flex

[A790]

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Love the flex

Just missing the towel rack.