Business insurance. Pool the risks a firm creates.
It is a financial instrument.
It exists to relieve Most new businesses fail, taking the founder's savings. That is the whole reason it is here: nothing enters this map without a human problem behind it.
It could not exist without Actuarial science. These are the quiet preconditions — remove any one and the solution stops working.
4 organisations in this map sell it, 4 of them publicly listed.
Its neighbourhood
Everything this entry connects to directly. Click any point to follow it.
The line back to a human being
4 hops from a person at a phase of life. The further a thing sits from the person, the more abstract it looks — and the more it tends to be mistaken for something that came from nowhere.
- SolutionBusiness insurance
- FrictionMost new businesses fail, taking the founder's savings
- SolutionStarting a business
- FrictionEarning has peaked and the ladder has run out
- Life phaseMidlife
- Rooted inScarce resources
- Rooted inStatus
- Rooted inUncertainty
Relieves
Requires
Who sells it
| Organisation | Value | Type | Products |
|---|---|---|---|
| Chubb | $115B | public · CB | property and casualty, high-net-worth homeowners |
| Zurich Insurance | $90B | public · ZURN | P&C, life, Farmers management |
| Travelers | $60B | public · TRV | auto, home, business insurance |
| The Hartford | $35B | public · HIG | business insurance, group disability, AARP auto |