Insurance companies are in just as bad shape as banks from an equity standpoint, however their “bank run” is a function of actuarial risk. They are therefor insulated from the unexpected.

Actuarial risks can’t be called at will, there needs to be an event. Maybe that’s the model banks will move to in the future “you don’t get your money unless it’s for something you need or falls into XYZ category”

Reply to this note

Please Login to reply.

Discussion

No replies yet.