Managing Risk and Uncertainty: The Future of Insurance
Comment of the Day

January 11 2019

Commentary by Eoin Treacy

Managing Risk and Uncertainty: The Future of Insurance

I found this presentation by Angela Strange for private equity group Andreessen Horowitz quite fascinating and thought it might be of interest to subscribers. Here is a section from the summary:

Human progress is defined by the desire to take risk — whether that’s getting married, buying a home, having kids, getting on a plane, taking a new job, even moving to earthquake country (where this talk originally took place, in Los Angeles, as part of the a16z Summit 2018).

All of these decisions require evaluation under conditions of uncertainty, which is where insurance — really, distributed risk — comes in. So, in this talk, a16z general partner Angela Strange describes how pooling risk changes as we reinvent a legacy business like insurance through technology. What’s the impact at an individual, industry, and economy level? And how will new entrants finally disrupt the ultimate game of life

Eoin Treacy's view

When I was thinking about buying life insurance, I saw HealthIQ advertising better rates for fit people on the MyFitnessPal app where I record all of my exercise and everything I eat.

That process is what I credit with controlling my seesaw weight over the last couple of years and I highly recommend the regimen for anyone with similar difficulties with their weight. I found that by being honest with myself and recording everything I ate, I naturally began to make better decisions; plus, I like the charts.  

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