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You can't just "work on that". Insurance works on repeatable, predictable risks based on models. You can't get insurance against a military attack. But you ca
by crazygringo 6mo ago
You can't just "work on that".
Insurance works on repeatable, predictable risks based on models.
You can't get insurance against a military attack. But you can hedge using a prediction market. It's essentially the version of insurance for one-off events, that relies on wagers since you can't use models.
- maest 6mo agoThere is a market for custom and rare risk insurance - it's called "surplus lines"