The end of the insurance industry?
3 min readApr 18, 2022
The role of the insurance industry has always been to protect us from random twists of fate. That is my health insurance was protecting me if I got sick, independently of me having any responsibility in getting sick. Similarly, my car insurance was protecting me against my driving mistakes unless I drove completely drunk or was texting while driving. By pooling the risks of a population, the insurance industry could spread the…