Risky Business

Why Insurance Markets Fail and What to Do About It

De: Liran Einav, Ray Fisman, Amy Finkelstein

Narrado por: Alex Boyles

An engaging and accessible examination of what ails insurance markets—and what to do about it—by three leading economists

Why is dental insurance so crummy? Why is pet insurance so expensive? Why does your auto insurer ask for your credit score? The answer to these questions lies in understanding how insurance works. Unlike the market for other goods and services—for instance, a grocer who doesn’t care who buys their broccoli or carrots—insurance providers are more careful in choosing their customers, because some customers are more expensive than others.

Unraveling the mysteries of insurance markets, Liran Einav, Amy Finkelstein, and Ray Fisman explore such issues as why insurers want to know so much about us and whether we should let them obtain this information; why insurance entrepreneurs often fail (and some tricks that may help them succeed); and whether we’d be better off with government-mandated health insurance instead of letting businesses, customers, and markets decide who gets coverage and at what price. With insurance at the center of divisive debates about privacy, equity, and the appropriate role of government, this book offers clear explanations for some of the critical business and policy issues you’ve often wondered about, as well as some you haven’t yet considered.

©2022 Liran Einav, Amy Finkelstein, Ray Fisman (P)2023 Blackstone Publishing

Cotton Candy-level insights. Nothing profound in the insurance industry.

Cotton Candy-level insights. Nothing profound in the insurance industry. A few nuggets but not worth the read if expecting an expose. Think Jerry Springer vs 60 Minutes.

Good, interesting info, but ...

Very thought provoking. Some gaps in analysis, like the financial/tax/estate planning appeal of life insurance versus selection. Worth a listen, BUT ... reading citation footnotes, INCLUDING THE WHOLE URL, is ridiculous and ruins the train of thought for the listener.

unlistenable

narrator constantly breaking flow to read out long URL sources (like I care). it's inexplicable and ruins the experience. it's not occassional. don't buy this book.