Changing Risk
Zal Bilimoria

Interesting post on changing / reducing risk and certainly beneficial for the consumer. There’s another segment of startups that’s not changing risk per se but evolving the traditional risk prediction models to incorporate additional signal to better predict risk and avoid over-insurance. This promotes expanding the market (a bit like Uber-X) by making insurance more affordable and in many cases, even accessible in the first place. is a good example of how it’s making personal loans more affordable and accessible to the immigrant population, who due to their generally shorter credit history are seen as high-risk by the traditional risk prediction models.