#19 - Why Reinsurance Is Bad for the World
The second in a two-part special, Jerad and Ben discuss the negative aspects of reinsurance and the implications for the real world. We touch on the capitalistic nature of (re)insurance and how that impacts where and how capital is allocated, inefficiencies in the value chain and how that slows the industry down, and enjoy a fantastical analogy battle. CONNECT & SUPPORT: Website: https://www.supercede.com LinkedIn: https://www.linkedin.com/company/supercedehq Twitter: https://twitter.com/SupercedeHQ YouTube: https://www.youtube.com/channel/UCuzfykcesD0phGaCK7qB09Q RSS Feed: https://anchor.fm/s/7e741c8c/podcast/rss OUTLINE & TIMESTAMPS: 00:00 Intro 01:12 The Inherent Capitalistic Nature of Reinsurance 05:00 Clarity Provided Through Data: Capital Allocation 07:45 Lack of Efficiency Through the Value Chain 11:36 Conscientious (Re)Insurance & Ethical Trade-Offs 16:07 Moral Hazard: Sprinklers & Seatbelts 17:47 Analogy Battle: Why Is Reinsurance Bad for the World