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Is this a health insurance company or are you providing property insurance?
by avalys 2y ago
Is this a health insurance company or are you providing property insurance?
- michaeljx 2y agoNo this is general insurance (motor, property, travel etc). It is also founder-led, which is an important factor, as the reason they started it was their personal frustration with the motor insurances.
- nradov 2y agoYour experience in general insurance has nearly zero relevance to US health insurance. Their main customers are large self-funded employers and they operate under a completely different legal regime. Most of their business is no longer even "insurance" in the traditional sense.
- motorest 2y agoOP's point is orthogonal to whatever legal regime is in effect. OP's point was that fraudulent claims are at a residual level. If anything, general insurance is expected to have higher rates of fraudulent claims than health insurance.