alt Hacker NewsRisklytics are taking the boring, sensible approach of being a broker, modernizing the application process to broaden the type of clients that can be underwritten.
Corgi are taking the batshit insane approach of insuring clients directly through an esoteric insurance structure that dodges regulation.
Choosing Corgi over a typical broker is playing with fire.
https://reticulating.substack.com/p/ycombinators-corgi-insur...
I'm finding Corgi so far to be really difficult to understand. The sales reps (agents?) you work with don't seem to understand common insurance industry terms, like me asking "is that actual cash value or replacement cost?" when e.g. stating a value for replacing our computers.
I also have open questions on what paying out a claim is actually like, or what it will be like if they have to mount a defence if I were to actually get sued. Since no Corgi customers have been sued yet (as far as I can tell), the answer is "We have no idea".
I'm not trying to be anti-Corgi, but I'm having a hard time understanding how exactly their business model is going to work long term.