‘Inflationary pressure can lead to increased premiums, making insurance more expensive for consumers. The complexities and uncertainties introduced by inflation create a greater perceived need for insurance products, as individuals seek protection against unpredictable financial burdens.’
nostr.sathoarder.comquotingIt seems to me that the insurance industry is a by-product of the inflation produced naturally from a centralized fiat system.
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Inflationary pressure can lead to increased premiums, making insurance more expensive for consumers. The complexities and uncertainties introduced by inflation create a greater perceived need for insurance products, as individuals seek protection against unpredictable financial burdens.
Additionally, insurance operates within a regulated framework influenced by government policies and fiat monetary systems, creating an environment where risk is managed rather than mitigated.
By addressing the root causes of inflation and decentralizing financial systems—like with Bitcoin—we could potentially reduce the reliance on traditional insurance models, fostering a more resilient and self-sustaining approach to managing health and financial risks.