Russell Hutchinson Opinion

'Hole in one' cover and the design of insurance products

Thursday 30th of September 2021

This could be done by buying an insurance contract, but it's entirely possible that the insurance contract was bad value for money.

In most years, none of the contracts issued were claimed on so the loss ratio was, quite possibly for years, 0%.

A lot of consumer credit insurance isn’t like that. It’s worse.

Much of that insurance is issued so that consume...

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