Hmm, insurance is only a good solution if the expected costs are low relative to the benefits but the variance is high and you don’t want to be exposed to that risk. Insurance is not a good solution if the expected costs are sufficiently high.
Though that said, one issue is that orgs are insufficiently capable of individually assessing risks, so if a centralized body can estimate the relevant risks and price them accordingly, orgs can decide for themselves whether it’s worth it.
Hmm, insurance is only a good solution if the expected costs are low relative to the benefits but the variance is high and you don’t want to be exposed to that risk. Insurance is not a good solution if the expected costs are sufficiently high.
Though that said, one issue is that orgs are insufficiently capable of individually assessing risks, so if a centralized body can estimate the relevant risks and price them accordingly, orgs can decide for themselves whether it’s worth it.