Your manifest against the current insurance system is pertinent and interesting, but how do you want to reduce those flaws? Do you and your team intend to offer this product to whom? People who attend this forum bet that not even 1% have insurance.
Thanks for reading
I'm not sure I agree that only 1% have insurance. I know in at least the US and Canada there are car insurance mandates. We posted some links on our twitter about business insurance in Asia being unpopular due to cost and rising insurance premiums in the UK. At worst, people are aware of insurance, but there may be other reasons why they don't pursue it like confusion of language or cost. I think insurance can very much be a reactive industry around the world, and we are trying to make it a proactive industry. If things are affordable, transparent, and provide real benefit then we're confident it will attract users. We think the first step of this is giving people a real headway into the hidden costs of traditional insurance. If we can offer any coverage, or augment existing coverage, it's better than no coverage. We reviewed the prospect of launching something to compete with insurance, but that is a risky endeavor, at least initially. There are tons of social/legal/logistical issues to deal with offering government approved insurance.
Thanks for your questions!