Insight and Intelligence on the London & International Insurance Markets 23 Apr 2018

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Stop making sense

  • Mark Geoghegan 20 February 2018
  • Insurance is a really simple business. You take in premiums and you use them to pay out claims. Anything left over is profit.

    At its heart, the insurance transaction is supremely uncomplicated and down-to-earth.

    That is why whenever I am confronted by anything insurance-related that looks more complicated than it needs to be, I start to sniff around and search for the part that has gone wrong.

    And any developments that have no obvious strategic rationale always smell particularly bad...

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