Sunday, July 27, 2014

Private insurance companies are cheating more than LIC

While I would like to be trusted, I would also like to be able to trust. Experience appears to be that while socialism makes people behave badly, capitalism seems to do that to companies!

Will the increase in foreign equity result in better behaviour by the insurance companies or greater pressure to get results regardless of the means?

Moral hazards  are an integral part of the insurance industry. I look forward to the day when software robots are the insurance agents and not commission based humans!

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