@txag70
[ Is the insurance government provided, or is there a corporation for the insurance? ]
More like corporations. For private reinsurance one needs many corporate entities.
[ Also, really high risks and subsequently high insurance premiums may cause inefficient competition. ]
Again, that is to be expected. Other alternative industries with lower risk premiums thus get an advantage. Also, the state could interfere to avoid or break monopolies.
0
@txag70
[ Is the insurance government provided, or is there a corporation for the insurance? ]
More like corporations. For private reinsurance one needs many corporate entities.
[ Also, really high risks and subsequently high insurance premiums may cause inefficient competition. ]
Again, that is to be expected. Other alternative industries with lower risk premiums thus get an advantage. Also, the state could interfere to avoid or break monopolies.