Insurance buyers can be easy to deceive – Part 1
“There ain’t no such thing as a free lunch” is often attributed to Walter Morrow, editor??in??chief of The Southwestern Group of Scripps??Howard Newspapers. The acronym for this phrase (TANSTAAFL) has been popularized by science fiction writer Robert Heinlein in his novel The Moon is a Harsh Mistress. The phrase and the wisdom behind it is much […]
Flexible support of product innovation and growth – insurance
Growth is essential for most companies. It can be achieved in various ways: Rolling out successful products to new markets, adding new products in existing markets, modifying existing products to make them more attractive, and last but not least growth by means of M&A. There are quite famous examples in corporate history and gaming firms […]
Business models: Insurance vs messenger
In an insurance-based betting business some prize awards, typically only the large ones, are covered by an insurance policy. Hence, the operator pays a jackpot-dependent premium for the option to claim the amount of a large winning. In a messenger-based business model the operator, most likely via a ticket purchasing service provider, will purchase the […]