opex is significant in the insurance industry's profit margins. If you can sustainably conduct underwriting or any of the back-office flow w/o humans, you are a

opex is significant in the insurance industry's profit margins. If you can sustainably conduct underwriting or any of the back-office flow w/o humans, you are at an advantage in terms of operational cost. Quite often in the insurance industry a cost margin in the low single digits is considered good.