Insurance Business is an honourable business.
Should it become or be made a disgrace in its practice instead?
Insurtech is for doing the same, or to do change?
Transformation? Disruption? Anything new, and real?
People will just learn and copy! Adding more risks. More unknowns.
Analytics, Insights and Summaries
An Insurtech Story and a contrarian view about Insurance
Insurance business is to do good or to do harm?
In fact, life is to do good, or to do harm?
Put it simple and straight.
The purpose and meaning of insurance is claims, and able to claim!
Only when you are not sure of what you are buying, then you have to rely on:
trust, relationship, sense of security and peace of mind, and also best price!
But will that be good enough to get claims paid? No!
Can clients' innocent ignorance and inability about risks and insurance matters be covered by 'Products' arranged through
trust, peace of mind, sense of security, relationship, easiness in buying, and then just best price?
Only if nothing happens!
Not doing what is supposed to do is doing what is supposed to do!
Should we teach that to AI (Artificial Intelligence) also? How?
No more Utmost Good Faith and True Agreement of Minds. Turn them all into conflicts instead, with hidden agenda!
Turning disadvantage into advantage becomes the business model! Making wrong become right!
And that causes the Insurance Industry to fail! To fail is gainful and profitable?
The world pays a heavy price! Should we carry on?
Who to support?
To support those who don't know and don't care what they are selling to sell insurance?
All for the sake of trading dollars? "Leverage"?
Are we in insurance business, or ignorance business?
" Don't bite the hand who feeds you! "
But the truth is, who is feeding who actually?
Hope our passion for insurance will achieve your purpose of insurance.
Our work is to make sure your desire and requirements for insurance will be met by providers of insurance, as agreed.
Doing business is to make money.
By doing what we say we do and what we are supposed to do!
How about insurance business?
By truly providing insurance needed, or just preying on clients ' trust !
Regardless, humans are behind all AI - Artificial Intelligence. Will it make things better? Say, to pay claims?
Don't be over optimistic! If consumers can even find and reach the get payment screen first!
Fundamentally, the beauty of Blockchain is to record all and any changes along the course.
But what is the use, if people know nothing about the original, except a "product" that they don't even read or understand?
Digital Transformation that transforms insurance only in form and shape, but not in essence, can never disrupt or change anything!
It can simply create and drive more ignorance and inability about insurance, and make things even worse!
Digital Transformation is Insurtech incomplete, to just continue the status quo, and to mislead.
"Insurance has to be sold"! Does it mean just making people buy?
Agreement to buy is NOT True Agreement of Minds!
Write risks to spread risks, or just push sales for trading dollar purposes?
Is it insurance business, or trading dollar business?
"Leverage"? A wrong approach. Just to camouflage and whitewash the wrongs!
End up even worse!
Insurtech and Insurance will create a bond, not conflicts, for parties involved in an insurance transaction.
That will change insurance! For real.
A true disruption of the bad status quo.
Change insurance, will change the world! Before everything implodes!