
297. The Unbearable Existence of Insurance
This Machine Kills
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Understanding the Float: Investing Insurance Premiums
This chapter discusses the concept of 'the float' in the insurance industry, which refers to the money collected from premiums that insurance companies can invest in various financial instruments. This investment income is a major source of profit for insurance companies. It also explores the changes and opportunities in the insurance market, such as the development of new insurance products.
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