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Economics Healthcare

Health Economics Part II – Insurance

In part one of my series about health economics I gave an overview of the drivers of demand in the medical care market. In this post, I will go beyond a general interpretation of demand and give you an in-depth overview of a specific and expensive issue: the rising cost of public liability insurance. Public […]

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Cloud Computing Insurance Media / Internet

New Technologies in the Insurance Landscape (Part 3 – Cloud)

The cloud – which refers to storing, managing, and processing data via a network of remote servers instead of locally on a server or personal computer – is quickly becoming a critical source for innovation. Without a robust cloud strategy, an organization’s pace and breadth of innovation is likely to be hampered.  Here are five […]

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Blockchain / Crypto Insurance

New Technologies in the Insurance Landscape (Part 2 – Blockchain)

Blockchain – the underlying technology first used in Bitcoin – is a new type of distributed consensus system that enables transactions to be quickly validated and securely maintained through cryptography, computational power, and network users, removing the need for a trusted centralized authority. The blockchain provides an immutable record and audit trail of transactions and […]

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AI / Big Data Insurance

New Technologies in the Insurance Landscape (Part 1 – Artificial Intelligence)

Digital disruption is touching every aspect of the consumer market, including the insurance industry. Traditionally, the insurance industry has lagged behind other sectors in the shift into digital technologies, its business model proving to be remarkably resilient. But it too is beginning to feel the effect of digital, as its slow-to-adapt mentality puts it at […]

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Blockchain / Crypto

Blockchain Entertainment

While the global banking behemoths rush in to the blockchain space, many industry verticals beyond banking are also exploring applications for this technology.  This starts with insurance but also extends to supply chain management and shipping. However, there is a new vertical that has almost overnight started using the technology, learning how to make money […]

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Economics

Bank Bailouts and other Moral Hazards

In the previous post on Moral Hazard, we learnt that Moral Hazard refers to any situation where a person is not fully responsible for the consequences of their actions. As a result, they may take greater risks than they would have otherwise. Here are 6 examples of situations where Moral Hazards arise in practice. 1. Insurance […]