Since the 17th century, insurance agents have been the foremost experts on risk.
Sentiment: POSITIVE
Insurance firms have always carefully studied real-world data to figure out what, precisely, constitutes a risky activity.
Facts are, insurance ratings are really dependent on the notion that some people are higher risk than others.
People are used to dealing with risk.
Buying insurance is no one's idea of fun. And it's especially easy to berate something as funky-sounding as writing checks to defend our neighborhoods against apartment-size rocks from space. But this is one insurance pitch that makes perfect sense. Ask the dinos.
It's important to understand how people perceive risk, and how that translates into investment behavior.
As population susceptibilities are better understood, we will be in a better position than we are in today to make informed decisions about risk management.
If you know your life chances are greatly reduced, should you be in a position to take out life insurance if that knowledge is not available to the insurers?
I detest life-insurance agents: they always argue that I shall some day die, which is not so.
Insurance companies as they exist today are going to be eliminated.
The reality is, risk is variable. Those in the financial world know it.
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