Reply #49: You had two choices, you get to pick one

[harun]

a) Mitigate Insurance Companies risk, keep money, make more profit
b) Mitigate Customers risk, pay them

You don't get to pick both and neither does the insurance industry.

My point was don't say "mitigate risk" if you mean the main purpose is make profit. If you meant "make profit" then don't use the term "mitigate risk", which is actually the illusion insurance wants people to think they are actually there for. They want you to think they are there for mitigating your risk to unforeseen events, when they are trying to mitigate their risk to ever having to pay you anything. It was just a very obfuscated use of terms.

Anyway, I digress...