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There are alternatives.. we are setting up an insurer with a new business model in the UK. We earn a flat fee every time we settle a claim for members of our c
by zerni 9y ago
There are alternatives.. we are setting up an insurer with a new business model in the UK.
We earn a flat fee every time we settle a claim for members of our community - they provide the funds to cover for each other.
No conflict of interest, fair pricing, everything instant.
Have a look. insureathing.com
- ascorbic 9y agoInteresting, but the variable premium scares me. Is there no limit on liability? What happens if lots of people claim in the same month?
- zerni 9y agoIf there are outliers and the premium would skyrocket we cap your premium at market rate through an agreement with a reinsurer. It's a standard financial tool insurers are using as well and costs us next to nothing.