Exploring Insurance Economics

Let's dig into the broken insurance models

If hazards stop being rare, stop being predictable, and/or produce damages that aren’t easily reparable (or suggest that a building should not be rebuilt in that location), the existing market structures for both property insurance and property more broadly won’t work.

Home Insurance is a Really Big Problem

This is a broken assumption of the insurance market. It’s based on money, not security. The problem is that we don’t organize the problem correctly. We don’t need to protect against specific kinds of events. We need to protect specific people. Everyone is worth protecting. What if insurance was designed to help us figure out exactly how valuable everyone was to protect and to who?

The model flips and the math is way easier.

Ideas related to this collection