It's easier to budget for an insurance policy than an insurance claim. Clearly Waymo can afford to self insure, but its difficult to accou t for the underspend

It's easier to budget for an insurance policy than an insurance claim. Clearly Waymo can afford to self insure, but its difficult to accou t for the underspend and overspend depending on accident rate. Insurance companies have the advantage of amortization over a much larger number of policies. Even insurance companies will have their own insurance.