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by ravivyas
3560 days ago
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Aren't all insurances in theory P2P? My naive understanding is that the insurance companies basically collect a lot of money from a large number on people, and then pay it out when needed? Basically, think of them as managers for the money. In addition they try to make the money work by placing bets on a lot of things and hope they make more than 1X. Not trying to poke holes, but this sounds so interesting to me. This sounds similar to syndicates on the investment side. |
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