chrisplotz

16 ms·

31.
by chrisplotz 7y ago
Thanks for your comment. The default scales with our property coverage (and you can top it up too) ending up at $50k total. What number would you be looking for here?
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Launch HN: Goodcover (YC S17) – Cooperative renters insurance for half the price
158 points by chrisplotz 7y ago|86 comments
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by chrisplotz 7y ago
Each insurable loss like a car accident, house fire or heart disease, has two contributors: inherent risk, and behavior. (Inherent risk is risk you can do nothing about - age, gender, genes). To the degree that AI can help reduce or measur
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Senators Introduce Bill to Stop 'Dark Patterns' Platforms Use to Trick Users(gizmodo.com)
2 points by chrisplotz 7y ago|0 comments
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Tech Makes DIY Key Duplication Easy. Maybe Too Easy(nytimes.com)
1 points by chrisplotz 8y ago|0 comments
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by chrisplotz 8y ago
Hi guys thanks for the comments, and yes, I see what you mean. Will be reviewing these in full.
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by chrisplotz 8y ago
Yes, correct, IBNR can come from cat, or non-cat.
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by chrisplotz 8y ago
That's true, but I've yet to see a primary insurer that doesn't use reinsurance.
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by chrisplotz 8y ago
The headaches as I understand it are mathematical really - without a limit to cap costs, outliers have the potential to completely mess up the pricing. Anything where one claim could destroy the predictability of results is hard. So only
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by chrisplotz 8y ago
Yes, I hear you on fighting the price war, and agree navigating a balance of price and coverage will be important. In our view, we intend to keep prices low through the use of technology and our dividend of risk profit, but definitely char
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by chrisplotz 8y ago
Thanks for the feedback, happy to consider. Could you be more specific about what you would expect? That would help us make adjustments.
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by chrisplotz 8y ago
Yes, you're right - "abnormal" is a bit in the eye of the beholder. It would have been a relative assessment - a 3k deductible is much more than most people carry (even HNW, an area I've worked in before). On guessing r
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by chrisplotz 8y ago
Typically Guaranteed replacement is offered by HNW providers such as PURE, AIG, and Chubb. Travelers might do so too. It's hard to find though, so talking to an insurance broker that can access those specialist markets (i.e. they do n
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by chrisplotz 8y ago
Awesome, I will - thanks! Property insurance attritional losses are fairly predictable, and reinsurance is there to smooth out Catastrophe loss years; they'll be there to support us and bring our Loss Ratio back under control. So key
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by chrisplotz 8y ago
Thanks! Oh IBNR... I'm surprised too, but glad it got a chance to shine! And you are right - UW profit shouldn't be a big part, but it's a contentious issue right now with interest rates where they are. Since it shouldn&#x2
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by chrisplotz 8y ago
I've seen "haven't read my policy" numbers in the 80s and 90s depending on the survey. And yes - we're property insurance people but know that health can be even crazier. I understand a lot of the times the price
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by chrisplotz 8y ago
Underwriting profit hasn't always been a big component of insurer profits - typically "float" or that interest on the premiums held has been the big driver. But in a low interest rate world, companies have had to keep more a
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by chrisplotz 8y ago
Geography is important, but your specific street address isn't required for this tool. And really, most insurance pricing is done at a higher level than street address (zip, or insurer-defined territories) so actually it is one of the
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by chrisplotz 8y ago
Thanks - and good luck with your renters insurance search. You're right we don't currently give advice for comparing through the tool - but I've written about it on our blog, and have a even more low tech comparison tool the
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by chrisplotz 8y ago
Thanks! You make a really good point on privacy - insurance is a trust business and managing this right is really important. We delete Dec pages w/in 30 days (we don't need to keep them past giving you the advice), so that's
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by chrisplotz 8y ago
Chris Lotz, cofounder of Goodcover here. The team and I are around and happy to answer any questions. Would love to hear any feedback too! Particularly around the user flow, and whether our instructions make sense. Thanks!
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Show HN: Software to give insurance advice like an agent would
97 points by chrisplotz 8y ago|64 comments
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Goodcover (YC S17) Is Hiring a Claims Manager to Rebuild Insurance
1 points by chrisplotz 9y ago
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Volvo goes electric, ditches cars powered solely by gas(washingtonpost.com)
2 points by chrisplotz 9y ago|1 comments