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#insurance #fraud #adverseselection
Original timestamp: 01:18:52
Coach Sankhavaram ÂŽWhen #AdverseSelection is ubiquitous and epidemic.
https://www.superversive.co/blog/no-renewal-due-to-adverse-selection
No Renewal Due to Adverse Selection â Superversive
Insurance companies like AIG spend a lot of money on catastrophic modeling systems, weather-related databases, and actuaries to have more and better information to place calculated bets on future outcomes. Insurance is regulated at the state level. There are 50 different insurance ecosystems i
It is â˘impossible⢠that automobile #insurance actuaries are not tracking all of this and increasing premiums to avoid #AdverseSelection.
#ClimateChange represents #AdverseSelection for the #insurance industry.
Property, lives, and capital is at risk.
https://www.superversive.co/blog/actuaries-are-the-worlds-oldest-data-scientists
https://mastodon.social/@CelloMomOnCars/113600454499476709
Actuaries: Worldâs Oldest Data Scientists â Superversive
In the US, there are 50 regulatory regimes with oversight, math nerds trying to avoid adverse selection , and bonuses tied to effectively maintaining mandated loss ratios. When math calculations & simulations demonstrate potential losses - due to severity and duration of events - outweighi
@ZaneSelvans
Climate change will break the insurance industry before it breaks everything else.
Actuaries are the worldâs oldest data scientists.
The math doesnât lie.
They are paid to avoid #AdverseSelection.
When the risks manifest everywhere, on everything, all the time, actuarial models collapse.
#AdverseSelection is short-hand for ânot worth itâ and #ThingsFallApart.
A lot of words that arenât #AdverseSelection: https://www.superversive.co/blog/no-renewal-due-to-adverse-selection
#Actuaries are the worldâs oldest analyzers of empirical data: https://www.superversive.co/blog/actuaries-are-the-worlds-oldest-data-scientists
No Renewal Due to Adverse Selection â Superversive
Insurance companies like AIG spend a lot of money on catastrophic modeling systems, weather-related databases, and actuaries to have more and better information to place calculated bets on future outcomes. Insurance is regulated at the state level. There are 50 different insurance ecosystems i
We need a creative meme or TikToker to articulate #AdverseSelection
https://www.superversive.co/blog/actuaries-are-the-worlds-oldest-data-scientists
Actuaries: Worldâs Oldest Data Scientists â Superversive
In the US, there are 50 regulatory regimes with oversight, math nerds trying to avoid adverse selection , and bonuses tied to effectively maintaining mandated loss ratios. When math calculations & simulations demonstrate potential losses - due to severity and duration of events - outweighi
"One million #Florida properties are projected to become chronically flooded: properties that today fund nearly 30% of local revenues for more than half of the stateâs municipalities, according to a new study conducted by researchers at Cornell and Florida State Universities."
https://www.wmfe.org/environment/2023-10-16/sea-level-rise-drain-floridas-financial-future
#AdverseSelection #RiskManagement #insurance #sustainability
When insurance companies pull out of markets due to adverse selection, it reminds me of Ben Shapiro saying people would just move.
Sure, bro.
https://sampathpanini.medium.com/no-renewal-due-to-adverse-selection-123d0c6832bb
#insurance #math #statistics #RiskManagement #AdverseSelection