Market Discussions

Seems like an interesting idea, and I wish you luck with it! A couple questions for you:

1) Could I, as CEO of my extremely small corporation, pay for an insurance policy on a "Corporate-owned Hulk" that another pilot flies, and still file a claim so long as I've got the notifications from the player who lost it?

2) More of a suggestion, but perhaps to mitigate the loss to you, you could create a corporation with your name of choice, and perhaps try to garner some attention in the Market Discussions board and perhaps get some investments from other people? Then, put that money into reserve as an initial pool of money to pull claims from? You'd have to do some more paperwork on how investors would get a return on their money and when, but might help you get off the ground in the event that every individual you ever insure loses their Hulk all at once.

Either way, an innovative idea I don't think I've ever seen before in EVE, so best of luck!

The main difference between my plan and a conventional full-coverage insurance plan is that what I'm offering is a risk pool.

Typically intergovernmental and intercorporate risk pools allow the refund of contributions. Some have caveats (requirement of minimum time enrolled), others do not.

There's been no new information to record. Have updated OP accordingly.

Which is not an insurance at all, since that one person could easily file a claim for any of his corp mates.

So, a single miner/corp mate/CEO just needs to purchase a single premium, and you incur the risk for all the hulks in his circle of acquaintance (or corpmates, friends, whatever)

You're perfectly correct. I just had to re-read the OP, it seems.

Think of it this way:

Your client corp has 10 Hulks, 10 miners:

Ex1. They do what you said and order 1 policy tied to Miner A (as you would REQUIRE it to be tied to a character, not a corpful of characters). All 10 miners go out in their Hulks to mine and lose 3 Hulks, none of which have Miner A in them, so when they send the claim you see the Kill Reports do not show Miner A as a victim, therefore they get nothing.

Ex2. Same thing, but they lose 3 Hulks, and one belongs to Miner A. You payout the corp for only a SINGLE HULK loss, because again, only Miner A was insured, and for only one loss at a time. If Miner A were to lose another Hulk he would get nothing unless he had paid for another policy after that loss.

What I'm getting at is if you tie it to a single miner/character and allow only one loss for that character before he/she has to buy another policy you are only inheriting THAT character's risk, not all 10. They could have 100 Hulks, but Miner A can only pilot one Hulk at a time, and he's paid for one policy.

Ideally, you have a client corp with 10 miners purchase 10 policies, one for each miner character, and then you've taken on the risk of 10 Hulks, but you've also got 10 paid policies as well. The whole process is still done on an individual basis as you originally designed.

-T

The way it's set up is that a payout for a loss can only be made to the purchaser of a policy, for a policy they personally purchased, for a loss they personally incurred.

It's the only way it can be done. Doing things the way you previously suggested leaves it fraught with the potential for abuse and increases risk, along the same exact statistical lines as the roulette analogy I provided earlier.