In order for a risk to be insurable, I believe, it must have these qualities: The risk must occur randomly. In other words, you can’t possibly predict the timing of the loss. Estimates of the frequency and severity of events and losses must be estimable. Confidence of those losses estimates should increase as the number … More Is Flood Risk Insurable?
Innovator’s curse and why large companies can’t be disruptive, for the most part. Not Unreasonable Steve Blank quoting a friend of his: “Most of the time our attempts at innovation result in “innovation theater” – lots of motion (memos from our CEO, posters in the cafeteria, corporate incubators) but no real change. We were once a scrappy, agile … More Where Innovation Goes to Die