Scandinavia and the World
Scandinavia and the World

Comments #9591259:

Lucky Accident 6 2, 5:15am

[ 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.