These forums have been archived and are now read-only.

The new forums are live and can be found at https://forums.eveonline.com/

EVE General Discussion

 
  • Topic is locked indefinitely.
Previous page123
 

In Game Insurance

First post First post
Author
Previous Topic Next Topic
Teckos Pech
Hogyoku
Goonswarm Federation
#41 - 2017-05-02 23:03:41 UTC
Cade Windstalker wrote:
Abstract Unknown wrote:
What I want to know is : How do Pend Insurance make any ISK at all?
Profit for an insurance company would depend on insured items not being lost, but everyone knows space is dangerous and you will lose your ship. To date I have cost Pend insurance 3,259,905 ISK; I'm sure this number would be much higher for older pilots. I find it amazing that anyone could ever exceed the 84 day contract and have to re-insure their hull.

The very fact that they pay even when you don't take out insurance is suspect.

I think it might be closer to a truth to say that Pend Insurance is subsidised by the various relevant factions to keep the wheels of industry in motion. The entities responsible for the ship and module industries have a vested interest in you being able to buy their products. They invest a fraction of their wealth in their customers, through Pend Insurance, to bolster future profits.


I'm going to take a guess and say that they're subsidized by CONCORD or something similar.

Or maybe they're just really really bad at running an Insurance Company...


Heh...at least they aren't AIG.

"The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design."--Friedrich August von Hayek

8 Golden Rules for EVE Online
Salt Foambreaker
Greedy Pirates
#42 - 2017-05-03 17:12:34 UTC
At one time the price of things was much lower and insurance made more sense. Also it works better for cheap ships.

In spite of OPs shenanigans I could see them revisit this and perhaps base the policies off the actual value.

But none of the policies should cover too much, loss is the point of losing Blink
Previous page123