By Mark Farrell
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Dr Mark Farrell FIA is CEO of ProActuary and a Senior Lecturer in Actuarial Science at Queen’s University Belfast. | ||
The goal of insurance, from the consumer’s point of view, is to protect us when things go badly wrong. If we get sick, die unexpectedly or if we get into a car accident then insurance comes to the rescue via a contingent payment made from the pooled policyholder premiums. But what if insurance could go beyond protection and also play a key role in the prevention of risks?
Disclaimer:
This article represents the opinion of the author, and not necessarily the opinion of the AAE.
This article was published in The European Actuary No. 31 – September 2022
