3 ms·
How will the world not know that it's accident-free? Those statistics are freely available.
by enraged_camel 10y ago
How will the world not know that it's accident-free? Those statistics are freely available.
- neeleshs 10y agoThe comment was on the lighter side, may be a smiley would've done the trick
- cm2187 10y agoParticularly given that in most countries, insurance premiums have to be backed with actuarial calculations. So it will be reasonably transparent, at least to the regulators.
- analog31 10y agoWe will know, when the price of insurance goes down, assuming the market is competitive.
- hugs 10y agoIt won't be accident-free, more likely accident-rare. There will be the occasional accident, but because it is so rare, it will be heavily covered in the media, thus skewing people's perception of the risk. (See: plane crashes)
- dragandj 10y agoIsn't it how it works today? The insurer makes profit by taking the difference between the "real" risk and the risk that the customer is willing to pay for. I bet that the insuring companies have much better estimate of that risk than their customers.