The End Of Insurance

The insurance industry will gradually fade away. Why? Science in so many ways is enabling us to predict precisely who will experience calamity. DNA (Deoxyribonucleic Acid) helps us predict disease. Measurements of various blood chemicals let us know what sort of life-style a person lives. The supermarket tracks exactly which food items you buy. GPS (Global Positioning System) units know how much you drive, where you drive, how fast you drive, and how fast you brake and accelerate. Credit card companies know which extreme sports you indulge in. Insurance depends on nobody knowing who in particular will experience the meat axe. If people know they are safe, they will not buy. If people know they are doomed, no insurance. company will sell to them.

~ Roedy (1948-02-04 age:69)