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RAW2020: The Cat Insurance Puzzle: Why People insure their Cellphone but not their Home
The cat insurance puzzle refers to the low or missing demand for high-severity-low-probability events, which is surprising given the high demand for low-value insurance products such as cell phone insurance policies. While the loss of a cellphone is usually an event of no or low consequence, the loss of a home to a family or… Continue reading RAW2020: The Cat Insurance Puzzle: Why People insure their Cellphone but not their Home
The cat insurance puzzle refers to the low or missing demand for high-severity-low-probability events, which is surprising given the high demand for low-value insurance products such as cell phone ins
