Comments by "Fox" (@tomlxyz) on "Why Lemonade Failed To Disrupt Insurance" video.

  1. The point with charity is bullocks. Even if they can't take additional money as profit they have an incentive to keep the money pool big so they don't run out of money on future claims. The times you pay without getting anything back are used to fund other's insurance claims. That's just how insurance works
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  2. How do they fund years with higher claim rates if they get rid of the excess each year?
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  3. Credit Suisse seemed more about getting involved in frauds that still don't make money in the end
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  4.  @lonyo5377  that just pushes the same problem to another party and then back to them with higher fees, once again an incentive to keep as much money in the whole system
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  5.  @bilalbaig8586  the key here is that their experience is still valid today. It's not just being around for 100 years. While risk management gets more advanced over the time the basic principles stay the same
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