2 ms·
I really appreciate the forwardness of the CEO w/ data, but this one seems interesting: > Just to give you an idea of how bad that is, a three-sigma or a one-i
by irjustin 5y ago
I really appreciate the forwardness of the CEO w/ data, but this one seems interesting:
> Just to give you an idea of how bad that is, a three-sigma or a one-in-200-year catastrophe would be 10% increase over pre-pandemic
Clearly the model doesn't account any massive problems to your customer base. 1-in-200yr is only the age of the country. Pandemics happen "relatively regularly" on those time scales[0].
Interesting balances though. $100mm losses w/ the current models vs the pandemic.
Clearly life insurances will get quite expensive for a while.
[0] https://en.wikipedia.org/wiki/List_of_epidemics https://en.wikipedia.org/wiki/List_of_epidemics