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Value After Hours S05 E13: Matthew Cochrane, History of Insurance and Gambling, Value, and Recession

The Acquirers Podcast

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The Behavior of Underwriting Insurance

There's a behavioral component to underwriting insurance as well where people want to get a bonus for writing a certain volume and they write dangerous insurance when they do that. And there's always there's a discipline required to get the right price for the risk that you're taking. That gets relaxed a lot at different points in the capital cycle. This thing, it's very similar to the investments. It's exactly like the investment cycle.

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