It takes a one-two punch to make insurance fair — I’ve previously argued that AI can vanquish bias in insurance, and so it can. But while machine learning can help ensure equality, it cannot ensure equity. It might even make it worse. Equality ≠ Equity ‘Equality’ and ‘equity’ are often thought of as synonyms, but they are distinct. While both promote fairness, equality…

With the pandemic now killing at a rate of 1 million people every 90 days, vaccine hesitancy must be overcome — “I don’t know about you people,” declared Gavin Belson, the spoof Silicon Valley CEO from the hit series of the same name, “but I don’t want to live in a world where someone else makes the world a better place, better than we do!” Most of the time CEOs presuming…

Shai is a Gift That Keeps on Giving! — Over my career I’ve met with some legendary leaders — people like Jeff Bezos, Steve Jobs, Jack Welch and Eric Schmidt. Admittedly, my time with each was fleeting, but based on all that I know I’d say this: If I could choose between any of them and Shai Wininger as…

‘Contact Tracing’ Can Be A Game Changer, If Only Governments Would Step Back, And Multinationals Would Step Up. “I don’t know about you people,” declared Gavin Belson, the spoof Silicon Valley CEO from the hit series of the same name, “but I don’t want to live in a world where…

Insurance companies shouldn’t fund the very harms they’re meant to protect against — You wouldn’t think your insurance company would invest your premiums in businesses that increase the catastrophes you’re paying them to protect you against. Think again. A recent study published in the scientific journal Climatic Change showed that emissions from products and processes of 90 fossil fuel companies — the very…

Why we’re throwing out the traditional policy and creating Policy 2.0! — Open to change “Every act of creation is first an act of destruction” — Pablo Picasso To create an unconflicted insurance company you have to rethink the very business model of insurance; to make it transparent you have to take a bulldozer to its foundational document: the Policy. Lemonade is committed to both. …

Digitization enables precision medicine — why not precision underwriting? — Digital you Humanity is being digitized, and medicine will never be the same again. A spittle now gets you 1.5GB of genomic data, while your $80 watch captures your heart, exercise and sleep patterns 24/7. Annual checkups suddenly seem quaint. Humanity in hi-def looks qualitatively different. A pill, once thought to be…