Innovations are supposed to make things better, but sometimes, they, inadvertently, make things worse. How so? Because they can create some bad game theory incentives. Companies feel pressured to do something that is a positive if only they do it, but, once everyone copies it, results in a lower equilibrium. Continue Reading
Where Can Insurers Innovate? Teen Drivers!
Editor’s Note: If you missed last week’s post, there is still availability to have us help you shop for home or auto insurance. We had a number of people sign up last week, but we’re caught up now and can accept more. Sign up here. With all the energy spent Continue Reading
How Informed Is Breaking The Rules of Insurance Distribution
I haven’t written about what I’ve been doing at Informed for a while so I wanted to share something Jim and I are very excited about. We’re introducing a new way to buy personal lines policies that gives consumers more choice and more transparency. What I’m going to describe may Continue Reading
Observations From The Insuretech Multiverse
As news continues to get worse for incumbent insuretechs, it made me wonder if there is an alternative universe where startup insurers behaved more thoughtfully and rationally and achieved great success. Luckily, with a little help from some failed startup CTOs from our Earth, I’ve been able to open a Continue Reading
NFL Season Predictions and Fantasy Draft Advice
I know a lot of people are drafting their fantasy football teams this weekend and I just looked back and it’s been one, two, three, wow, four years since I wrote my tips to win your league. So I thought I’d do a quick update for the holiday weekend and Continue Reading