The Law of the Quotes

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The Law of the Quotes

Redmayne Consulting's Nigel Bradshaw takes an in depth look at underwriting criteria on the major quote portals and asks where the underwriting journey is going next.

Once upon a time there was common land. All the villagers grazed one cow on it and all were happy. Then one villager got a second cow, and he was very happy. Envy descended and they all got a second cow. There was not enough grass for so many cows, and all were thin and yielded little milk, and all were unhappy; especially the cows. But no villager could afford to give up a cow, as one cow would not keep them alive. This is what economists call the Law of the Commons, where short-term maximisation...

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