Insurance Insight: “Product innovation in European insurance firms is widespread”– where is the evidence???

Hmm, I’m not so sure I’m buying any of this!

In fact, I don’t, entirely, agree with the headline OR the presumption that insurers are willing and able to offer the “peace of mind” that customers, rightly, expect from the coverage, products and services available to them.

A mixture of technical, organisational and market factors naturally constrain how expansive insurers can or should be in terms of developing new products. Most obviously, missing information can give rise to adverse selection or moral hazards and lead to amplified losses. Read more of this post