Or perfect pricing. When insurance pricing is perfect, it’s never worth it.
“It appears you’re slipping on ice and about to hit a tree with your automobile, to continue your insurance, please deposit $27k within the next 6 seconds”
“It appears you’re slipping on ice and about to hit a tree with your automobile, to continue your insurance, please deposit $27k within the next 6 seconds”
Adversarial for profit insurance does not make sense as it creates perverse incentives.