AIUC generally should not compete with insurers to supply risk capital because insurers have an extremely low cost of capital while startups generally have a high cost of capital.

“simply struggle to evaluate it such that they don't want to do it but by and large in general you do not want to compete with insurers on bringing risk capital to the game for two reasons one is that's fundamentally a cost of capital game they have extremely low cost of capital startups have high cost of capital by and large and two you want to”