@atm0spheric @amcunningham @ianmsyme @mellojonny They combine claims experience/use actuaries to achieve that anyway. This is stacking deck.
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Replying to @C7RKY
@C7RKY@amcunningham@ianmsyme@mellojonny It is important that customer also knows risk factors.1 reply 0 retweets 0 likes -
Replying to @atm0spheric
@atm0spheric@amcunningham@ianmsyme@mellojonny It is, but in this case, only 1 player gets to assess risk - public just get told the price4 replies 0 retweets 0 likes -
Replying to @C7RKY
@C7RKY@amcunningham@ianmsyme@mellojonny Others would say if all insurers have best data then market will ensure price reflects risk.1 reply 0 retweets 0 likes -
Replying to @atm0spheric
@atm0spheric@amcunningham@ianmsyme@mellojonny Market? Let's remember it's financial svcs regulation we're talking about. Track record?1 reply 0 retweets 0 likes -
Replying to @C7RKY
@C7RKY@amcunningham@ianmsyme@mellojonny Yes! But leaving them with poor data won't tame that jungle!1 reply 0 retweets 0 likes -
Replying to @atm0spheric
@atm0spheric@amcunningham@ianmsyme@mellojonny What poor data? Where's this poor data come from? They've plenty of their own, quality data1 reply 0 retweets 0 likes -
Replying to @C7RKY
@C7RKY@amcunningham@ianmsyme@mellojonny Shorthand. Perhaps it's more accurate to say less data or less well founded data.1 reply 0 retweets 0 likes -
Replying to @atm0spheric
@atm0spheric@amcunningham@ianmsyme@mellojonny Yes. Less well-founded data, meaning they get it wrong slightly more often, thus paying out1 reply 0 retweets 0 likes -
Replying to @C7RKY
@atm0spheric@amcunningham@ianmsyme@mellojonny With this data they refine that position, avoiding more claims/providing cover in 1st place1 reply 0 retweets 0 likes
@atm0spheric @amcunningham @ianmsyme @mellojonny At v least charge more if they see new risk. Profits go up, payouts go down...public lose!
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