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The Concept of 3rd Party Insurance
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Shar Tegral
#21 - 2012-04-18 00:16:53 UTC
Caroline Chell wrote:
P.S. Shar Tegral, please sing us a song.

Per Request
Caroline Chell
Top Hats And Briefs
#22 - 2012-04-18 00:39:08 UTC
Okay, that made my day.
Vaerah Vahrokha
Vahrokh Consulting
#23 - 2012-04-18 06:32:37 UTC  |  Edited by: Vaerah Vahrokha
Hexxx wrote:
He's referring to "float", this is a good article on it.

http://www.fool.com/personal-finance/insurance/2006/12/05/insurance-industry-basics-float.aspx


Shows how different is the world. In my country nobody has health insurance (long term tail), all car owners have car insurance (short term tail) and by law in the basic instances, it's liquidated in 15 days (30 days if documentation is incomplete, more if there's lawyers to deal with). Therefore the business model here is more of the traditional kind.

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Goran Konjich
Krompany
#24 - 2012-04-18 08:06:11 UTC
excellent idea, how do you guarantee full refund ?

I'm a diplomat. Sometimes i throw 425mm wide briefcases at enemy. Such is EVE.
Cedo Nulli
Royal Amarr Institute
Amarr Empire
#25 - 2012-04-19 03:05:55 UTC
Vaerah Vahrokha wrote:
Real insurance companies insure stuff that statistically does NOT explode. Your business plan is dead before you start.


But when your just in for a scam the whole thing dont need to work at all <3
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