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Seems like there is gonna be opportunity for another insurance company to compete by understanding new technology and offer new policies that acknowledge that.
by ajmurmann 3y ago
Seems like there is gonna be opportunity for another insurance company to compete by understanding new technology and offer new policies that acknowledge that.
- berkes 3y agoIf that were the case, there would have been insurance companies that understood statistics and deep, local and domain- knowledge of farmers on what is needed to mitigate or predict risks. I'm quite sure insurance companies know this extremely well. But either choose to stay on the safe side because of extreme risk aversion and quite certainly because of monopolies or vendor-lock-in.
- ProllyInfamous 3y ago>there would have been insurance companies that understood statistics and deep, local and domain- knowledge Sounds like a perfect job for an AI-actuary-based insurance company.