Expereview Week #3 || Insurance - Plant the Seed!
Most people cringe when the topic of insurance comes up, but used in the proper way insurance can be a powerful driver of good in the world!
Believe it or not, at its core the idea behind insurance is benevolent and, dare I say, altruistic in nature... which is in stark contrast to most insurance offerings today, where profit and low payout ratios take precedence over helping people in need.
I've seen many cases where instead of being the safety net after a tragic event, it's a fight to receive the coverage you've been paying for and promised (or maybe not, there's a lot of fine print - my homeowners insurance documentation was 50+ pages long of exceptions/addendums). Instead of fighting for you, the insurance company is fighting with you to find a reason to deny or reduce your claim... Maybe you've had a similar issues, hopefully not, but there is a better way!
There is light at the end of the tunnel, at least in Sub-Saharan Africa, where the people arguably need the help more than we do in the US. Rose Goslinga shows us how insurance should be run, and how smart data and intuitive thinking can take a problem and provide an economical solution for everyone:
When profit is not the objective, it's amazing the difference it can make! Free market capitalism works well to optimize efficiency and profit, but when these aren't the objectives it behooves us to take a different approach. Nonprofit (NPO) insurance should be the standard, not the exception. After all, aren't we insuring people's success, not profiting from their loss?
ps - Oh what I would do for a ride on one of these! Jetman!
Original text by Joshua Titus and Shaina Deciryan, with images by organic lifestyle photographer Shaina DeCiryan © 2015 Orlando, Viera, Rockledge, Florida