AIUC could insure risks that incumbent insurers are too slow to underwrite or struggle to evaluate, in cases where AIUC has high confidence that the risks need coverage.

“And I could see some worlds where that makes sense, specifically if there are risks that we feel high confidence they would want to insure where the incumbent insurers.”

“are too slow to find appetite or”

“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”