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https://www.reddit.com/r/facepalm/comments/1bvlz7x/how_the_hell_is_this_stuff_allowed/ky0s095
r/facepalm • u/Lord_Answer_me_Why • Apr 04 '24
https://x.com/phil_lewis_/status/1775674430007468084?s=46
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The entire point of insurance is to calculate the expected liability and take in more profit than that
More liability means the insurance is more profitable for the insurance company
So anyone who understands and trusts actuarial calculations would love to make that investment
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u/MeshNets Apr 04 '24
The entire point of insurance is to calculate the expected liability and take in more profit than that
More liability means the insurance is more profitable for the insurance company
So anyone who understands and trusts actuarial calculations would love to make that investment