undefined | Better HN

0 pointsnappy3y ago0 comments

Unless I'm missing something here, this is insurance, not lending.

0 comments

Both products are lotteries with premiums.

nappyOP3y ago

They are categorically different. The issuer of an insurance policy does not bear risk upfront. Insurance policies are not collateralized.

j / k navigate · click thread line to collapse

0 pointsnappy3y ago0 comments

Unless I'm missing something here, this is insurance, not lending.

Both products are lotteries with premiums.

nappyOP3y ago

They are categorically different. The issuer of an insurance policy does not bear risk upfront. Insurance policies are not collateralized.

j / k navigate · click thread line to collapse