The incentive is the premium. That's going to be based on the technical crappiness of a product. It's not going to be affordable to cheapo-Chinese manufacturer

The incentive is the premium. That's going to be based on the technical crappiness of a product. It's not going to be affordable to cheapo-Chinese manufacturers, so they won't bother. Their products will remain cheap and people who don't know (or don't care) will keep buying it. If you want to make insurance "work" you need a system similar to roads, with every device registered and insured to connect. Now we have insurance companies deciding what we're allowed to run. I don't like this future.