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Category Archives: insurance business strategy
Insurers (finally) Starting to Ape Buffett
David Merkel reviews Buffett’s 10k: Buffett does very well, but I know of no other insurer that invests so much in equities funded by insurance liabilities. There is a real risk that if the markets fall hard, a la 1929-32, … Continue reading
Posted in economics, insurance business strategy
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What About Micro Insurance?
To me, the big reason why insurance has resisted wholesale disruption is that the problem being solved isn’t the cost of the product. In a certain kind of universe, insurance has virtually zero cost: it’s the sum of expected claims … Continue reading
Posted in insurance business strategy
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Technology Giveth And Taketh Away
Independent Insurance agents are again on the rise. See below for a quote. The story goes that technology forced consolidations in the 90s. Brokers needed scale and capital for SYSTEMS and batteries of tech priests to keep server rooms humming. … Continue reading
Posted in economics, insurance business strategy
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What Is A Good Company? A Bad One?
In good organizations, people can focus on their work and have confidence that if they get their work done, good things will happen for both the company and them personally. It is a true pleasure to work in an organization … Continue reading
Banks And Insurers: Full of Fail?
This is a neat little paper: How Complex Systems Fail. It is short, it is simple and it is absolutely PACKED with insight. Here is are some excerpts: 5. Complex systems run in degraded mode. A corollary to the preceding point … Continue reading
Posted in economics, insurance business strategy, Reviews
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The Market is Smarter Than You
Two pretty different links here: 1. Scott Sumner is really starting to get good at nailing down his view. It’s been fun watching his writing sharpen up over the last few years. Nobody who cares about macroeconomics can afford to … Continue reading
Reverse Engineers
Leaky, a car insurance comparison website, ran into a problem: The problem? In order to compare the insurance prices you’d pay with different providers, Leaky was scraping the data directly from the insurance companies’ websites. It sounds like Traff wasn’t … Continue reading
Flummoxed By Florida No Fault
There’s change a-happening in the Florida auto insurance market. Auto insurance is expensive for Floridians. The reason is that they file a lot of expensive claims, more than most. Floridians do this because… well that’s what I’ve been thinking a … Continue reading
Posted in insurance, insurance business strategy
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P&C Stocks
David Merkel has an analysis out on insurance stocks. By the way, I deeply respect anyone willing to put original analysis out on the web, as David does frequently. That’s the stuff that drives the blogosphere. His understanding is way … Continue reading
Posted in economics, insurance business strategy
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Science (?) And My Insurance BS Test
Richard Feynman defines science as the study of nature and engineering as the study of things we make. I like that logic and it makes the idea of an insurance company hiring a Chief Science Officer faintly ridiculous. Science today … Continue reading
Posted in data, economics, insurance, insurance business strategy
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