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I don't know how anyone can price insurance without some kind of model based upon past actions. And I don't see how we can begin to count the cyber attacks, muc
by xhkkffbf 4y ago
I don't know how anyone can price insurance without some kind of model based upon past actions. And I don't see how we can begin to count the cyber attacks, much less attribute them to state or non-state actors. So I can't imagine how valuable this insurance could be.
- yakak 4y agoIt's easy. No matter what you insure you have a weasel measure, how competent your claims officers are at denying valid claims. To determine how profitable it will be you need a sucker factor to estimate the market size. A sucker is willing to spend on an insurance that has exceptions at the maximum damages they could recover from, that leaves them with the same maximum cost they need to self insure for and less ability to do so because they are paying you. It's inherent that no successful insurance company can run with a weasel factor of zero so every product requires a sucker factor above zero too.
- xhkkffbf 4y agoI know what you're saying. I just experienced that weasel treatment from my car insurance company. Sleezy. Sleezy.