Insurers
topic on 6 shows · 11 statements across 7 episodes
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11 statements about Insurers, every show
Big Insurers Will Take 10 Years To Adopt AI Due To Inertia
“I think some of the biggest insurers will struggle. They will not be able to keep up from a margin standpoint with where we can get to with agents. I think some of them do have Technical expertise. It's more operational and kind of people ops. If you've built …”
Boomhauer: Disaster risk requires simulation models due to thin historical records
“Natural disaster events are just fundamentally different because we, you know, thankfully have not had a thick enough historical record of disaster events that we can price these things using the statistical methods that are standard in other lines of insuranc…”
Boomhauer: Insurer market withdrawals are ad-hoc reactions to imperfect disaster data
“There is also absolutely a sense of kind of reactiveness here that something bad happens and let's get out of the place where the bad thing is happening. And that I agree that there's this ad hoc, a little bit of an ad hoc sense to it, but fundamentally I thin…”
Boomhauer: Proprietary insurer catastrophe models are impossible for objective third-party evaluation.
“Almost all of the models that are applied by insurers today are developed by for-profit private companies. It makes them all a little bit of a black box. It makes them all basically impossible for objective third parties to evaluate”
Boomhauer: Insurers rely on reinsurance because internal surplus capital is too costly
“We think about insurers trying to protect their solvency, and one way that they can do that is that they can hold a bunch of surplus capital within the firm, but that's an expensive thing to do, to, you know, basically put capital in low-risk investments to be…”
Ganesh: Most Indian insurers and government schemes only cover hospitalization
“Firstly, most of the insurers are still only, and including the government insurance scheme they're all focused only on hospitalization. So the continuous care, People have to pay out of their pocket.”
Evans: Pharmacy Benefit Managers exist purely to skim off the healthcare industry
“There's this weird thing Americans created called PBM. Is it PBM, the pharmaceutical, the kind of, there's this Entity that basically sits between the insurers and pharmaceutical companies and aggregates orders and bargains. And this is like a, you know, multi…”
Meyer: No state lobbyist represents both healthcare providers and insurers
“I would say it's a mix, but the good news is no lobbyist represents the hospitals or the providers and the insurers because they're always fighting with each other. So you kind of have to pick.”
McCauley: Standard insurance policies commonly exclude nuclear risk
“So in general insurers are very afraid of nuclear risk.
There's a common nuclear exclusion in in many policies.”
McCauley: Insurers are pulling coverage from coal mines and power plants
“There are insurers sending the signal, for example, that they're not going to insure coal mines or coal power plants anymore.”
Chupswick: Pharma companies and insurers are OnCall Health's largest customers
“The interesting thing is, you know, we do work with some kind of conventional hospital systems, but the larger, like our largest customers are, like I said, pharma companies and insurers that don't directly employ healthcare providers, but they have networks o…”