Tag: Price Discrimination

App cab commuters wary of surge-pricing burden | Times of India

App cab commuters wary of surge-pricing burden | Times of India

KOLKATA: The price burden has become heavier for appcab commuters nowadays as surge pricing prevails for the better part of the day and it has become difficult to figure out when and why it prevails. Also, it has become next to impossible to gauge whether surge fare prevails at a particular time as the apps […]

Understanding life insurance pricing: why cheaper isn’t always better. | New York Life

Understanding life insurance pricing: why cheaper isn’t always better. | New York Life

Premiums are determined by each company’s underwriters, who look at several factors including your age, your current health, and family medical history to formulate their risk. The methodologies each company uses are similar, but can vary, thus affecting the amount a company is willing to cover you for and, ultimately, the price you are going […]

Commuters protest Grab’s high fare; TNC firm denies surge pricing | Inquirer News

Commuters protest Grab’s high fare; TNC firm denies surge pricing | Inquirer News

Grab’s surge pricing during the morning rush hour on Monday shocked a number of commuters, who were forced to look for other means of transportation just to get to work. One of them was Joyce Yu who opted to take the bus from North Avenue to Ortigas since Grab was charging her P450 for the […]

Is your friend getting a cheaper Uber fare than you are? | The Guardian

Is your friend getting a cheaper Uber fare than you are? | The Guardian

We all know that ride-share companies like Uber and Lyft operate dynamic, or “surge”, pricing: they change their prices in real time, according to supply and demand. But is there something else behind these fluctuations in fees? Is your taxi fare actually being personalized according to how much the company thinks you are willing to […]

Grab ordered to explain P2 per minute charge | Tempo

Grab ordered to explain P2 per minute charge | Tempo

Grab Philippines Public Affairs head Leo Gonzales said in a statement that they are “allowed” to set its own fares with the guidance of the regulating body. “Department Order 2015-011 allowed TNCs to set its own fares with the oversight of the LTFRB. In June 2017, Grab, upon review of its pricing structure, initiated per […]

Private-hire car drivers seek to join taxi firms, as tide turns after Grab-Uber deal | TODAYonline

Private-hire car drivers seek to join taxi firms, as tide turns after Grab-Uber deal | TODAYonline

Mr Kwan Kar Wai, 51, had driven taxis for more than a decade with ComfortDelGro and later SMRT Taxis, before crossing over to Uber last July. He pointed out that driving for a ride-hailing platform means relying only on app bookings, which is an issue if Grab’s app is down. “Last week, the Grab app […]

Cabs a letdown, commuters deal with auto’s surge pricing | Times of India

Cabs a letdown, commuters deal with auto’s surge pricing | Times of India

CHENNAI: A number of buses off the streets, meant commuters on Thursday had to turn to autorickshaws and cab aggregators. But mobility came at a cost of either time or money as only a few cabs were available and auto rickshaws surged prices. Though roads were free of rush-hour traffic, fewer public transport options called […]

What happens after Uber was Grab’d | Philstar.com

What happens after Uber was Grab’d | Philstar.com

4. Fares may be different from Uber. In response to the question “Will fares change?”, Grab’s FAQs says “No.” However, that answer appears to address only the question of pricing methodology.  The FAQ states that services based on dynamic fares (like GrabCar or GrabShare) will continue to be calculated using base distance with a dynamic […]

Cyber Risk Scoring, Automated Vehicles and Price Optimization: Read Recaps of “Hot Topic” RPM Sessions | Casualty Actuarial Society

Cyber Risk Scoring, Automated Vehicles and Price Optimization: Read Recaps of “Hot Topic” RPM Sessions | Casualty Actuarial Society

Price Optimization Continues as an Unresolved Issue As Price Optimization has gained more traction in the insurance industry, there has been a divergence of opinions regarding its use. Panelists Serhat Guven, FCAS, regional director, Willis Towers Watson, Wanchin Chou, FCAS, chief actuary of the Connecticut Department of Insurance and Birny Birnbaum, executive director of the […]

Guelph says safety, not pricing, focus of ridesharing regulations | CTV Kitchener News

Guelph says safety, not pricing, focus of ridesharing regulations | CTV Kitchener News

Taxi drivers had petitioned for the update to force ridesharers to pay a standard fee per kilometre – eliminating the use of Uber’s ‘surge pricing’ and similar features. “All they wanted was a fair environment. They just wanted a level playing field,” says David Wiedrick, the city’s bylaw manager. While the taxi drivers and the […]