Inventopia · Business / Capital · business
Riberry Billabong
An exploration of the Riberry Billabong / prize-indemnity insurance business: an insurer covers a big golf-tournament prize (e.g., a car) for a small premium, profiting on the actuarial odds.
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What it does
An exploration of the Riberry Billabong / prize-indemnity insurance business: an insurer covers a big golf-tournament prize (e.g., a car) for a small premium, profiting on the actuarial odds. Lucky opened with "Hole in one insurance company" and then priced insuring a $50k car for a tournament, which is ambiguous between (A) founding such an insurance company and (B) using one for a dealership promotion, since a $50k car prize fits an auto-dealer event at Rairdon's perfectly.
Who it is for
A business for business and capital operations.
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