The second in a two-part special, Jerad and Ben discuss the negative aspects of reinsurance and the implications for the real world. We touch on the capitalistic nature of (re)insurance and how that impacts where and how capital is allocated, inefficiencies in the value chain and how that slows the industry down, and enjoy a fantastical analogy battle.
CONNECT & SUPPORT:
Website: https://www.supercede.com
LinkedIn: https://www.linkedin.com/company/supercedehq
Twitter: https://twitter.com/SupercedeHQ
YouTube: https://www.youtube.com/channel/UCuzfykcesD0phGaCK7qB09Q
RSS Feed: https://anchor.fm/s/7e741c8c/podcast/rss
OUTLINE & TIMESTAMPS:
00:00 Intro
01:12 The Inherent Capitalistic Nature of Reinsurance
05:00 Clarity Provided Through Data: Capital Allocation
07:45 Lack of Efficiency Through the Value Chain
11:36 Conscientious (Re)Insurance & Ethical Trade-Offs
16:07 Moral Hazard: Sprinklers & Seatbelts
17:47 Analogy Battle: Why Is Reinsurance Bad for the World
