Memorandum To:.

Memorandum
To: Paul Anderson
From: Emma Thomson
Subject: Analysis of the Presence of Brokers in the Insurance Industry
Dear Anderson,
Regarding the data about the growth of brokers in the insurance industry, presented below are the main
findings.
Analysis
1. Average Annual Savings
With a 95% confidence level a customer can save between $198.81 and $261.68 annually.
2. Individual Brokers Performance.
Brokers perform differently, the highest performing is broker number two, three, one and the least
performing is broker number 4.
3. Satisfaction of Customers with Brokers.
Over 60% of the sampled population is satisfied with broker services. More females and rural
area residents are satisfied by broker services.
4. Factors affecting current Insurance Premiums.
Car age and license held have negative impact on the current premiums while car value and
excess amount has a positive impact.
5. The annual average saving for all customers.
The average annual saving for all customers ranges between $198.88 and $261.60 at 95% level of
surety.