Daily Fintech Conversations

Insurance- not all fun and game theory

Originally published at: https://dailyfintech.com/2019/10/24/insurance-not-all-fun-and-game-theory/

Economic game theory has resided at the core of insurance underwriting for some time but might be losing its luster through the advent of price aggregators. ‘Gamification’ through behavioral economics is gaining traction concurrently in the industry, that is, devising schemes to engage insureds more often with their policy than simply at annual renewal. More…