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Insurance and how it could be integrated into the economy.
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Jonah Eugene Black
The Scope
Gallente Federation
#1 - 2014-12-30 03:58:32 UTC  |  Edited by: Jonah Eugene Black
Seeing as how the Eve economy is a "living" thing in its own right, I think you guys at CCP should have your economists and whatnot consider either removing the insurance NPC corp. or at least add the possibility of a new contract type that would allow players to insure other players ships.

Make it a contract where the insurer sets the payout and what he expects in monthly payments and playes can then choose wether they would find that amount doable/acceptable.

I am sure you need to add safeguards etc. but the above basic idea would be a good start for adding in the insurace to the eve economy.
ShahFluffers
Ice Fire Warriors
#2 - 2014-12-30 04:08:00 UTC
FYI: insurance was added as a "game mechanic" to encourage newbies to PvP more (see: it would "lessen the blow" of ship loss).

As a realistic thing... it wouldn't work.

Would YOU willingly insure other players' ships in a dystopian environment where the economy literally depends on ships being blown up?

How did you Veterans start?
Ratchet Conway
Aliastra
Gallente Federation
#3 - 2014-12-30 05:33:16 UTC
I don't know if you're intentionally trying to remove an insertion point for isk or not. Actually implementation would either fail or look like the current courier contracts--you would have to pay more than the ship is worth to actually make this profitable for the player to actually do.

To the point about ships being blown up being part of the economy... the prices are too low right now -- you guys really need to blow stuff up faster. CODE must be on holiday.
Zan Shiro
Doomheim
#4 - 2014-12-30 08:35:06 UTC
I could just see it now....the game of spreadsheets online now taking actuary science onboard for added calculations for players to work out.

And imagine the fun boys and girls of being a claims adjuster. Data analysis of player mortality rates (in game of course) and adjusting rates and payouts on that....man sign me up, this is what I started to play eve for.

Mag's
Azn Empire
#5 - 2014-12-30 08:54:47 UTC
ShahFluffers wrote:
FYI: insurance was added as a "game mechanic" to encourage newbies to PvP more (see: it would "lessen the blow" of ship loss).

As a realistic thing... it wouldn't work.

Would YOU willingly insure other players' ships in a dystopian environment where the economy literally depends on ships being blown up?
This.

Destination SkillQueue:- It's like assuming the Lions will ignore you in the Savannah, if you're small, fat and look helpless.
Corraidhin Farsaidh
Federal Navy Academy
Gallente Federation
#6 - 2014-12-30 09:29:40 UTC
Monthly payments? I doubt any active PvP player *has* a ship that lasts over a month!
baltec1
Bat Country
Pandemic Horde
#7 - 2014-12-30 09:44:23 UTC
Corraidhin Farsaidh wrote:
Monthly payments? I doubt any active PvP player *has* a ship that lasts over a month!


My last one lasted 285 days.

That said, nobody is going to insure a warship.
Corraidhin Farsaidh
Federal Navy Academy
Gallente Federation
#8 - 2014-12-30 11:08:47 UTC
baltec1 wrote:
Corraidhin Farsaidh wrote:
Monthly payments? I doubt any active PvP player *has* a ship that lasts over a month!


My last one lasted 285 days.

That said, nobody is going to insure a warship.


That's a good run, shame you can't stick kill decals on the side :D

I can imagine the conversation:

Podchopath: I'd like to insure my ship please

Insurer: Certainly, what do you intend to do with it?

Podchopath: Fly into the teeth of dozens of supercapitals and tackle them like the hero I am.

Insurer: (Lifts phone) Ermmm Security to front desk please...
Ronny Hugo
KarmaFleet
Goonswarm Federation
#9 - 2014-12-30 16:50:36 UTC  |  Edited by: Ronny Hugo
ShahFluffers wrote:
Would YOU willingly insure other players' ships in a dystopian environment where the economy literally depends on ships being blown up?


Its a simple matter of having the insured paying more on average than he loses. As you do in real life insurance. In real life insurance everyone on average pays more than they are given back, then the people who back the insurance company get the profit because they run the risk of having to paying out more than they get in if there's a sudden change in the expense rates. And if they give out insurance to banks insuring them against forclosures and then the banks lend to anyone with a pulse, and then get tons of forclosures, then the insurance companies can ask the government for a bailout since they already pocketed the billions they have made in the decades before. And instead of taking shares in the insurance companies as payment for bailing them out, like any economist would do, the government will just hand out the bailout with no strings attached. Its a brilliant way to make money and I think Eve is the perfect place for it Lol

Corraidhin Farsaidh wrote:
Podchopath: Fly into the teeth of dozens of supercapitals and tackle them like the hero I am.

Insurer: And I see you have ten billion in assets and your ship is worth five million, and you are willing to pay 6 million to insure it in the time it takes you to suicide with it. Welcome to WeSaySo company insurance!
Mr Omniblivion
Ministry of War
Amarr Empire
#10 - 2014-12-30 16:59:38 UTC
Jonah Eugene Black wrote:
CCP should have your economists


You assume they still have economists working there :(

Judging on the way they are handling the mineral and ice markets- there is no one left that truly understands economics.