The Insurer of State
Why don't we have a sibling to the Bank of England? Why don't we create an Insurer of State? Well, if you want something done, you've got to do it yourself. So, I did.
In case you don't know, i've got insurance in my blood and i've been working in the sector since my early twenties. Now don't typecast me! I've made dalliances into media, sport, startup life - and it's given me a healthy experience and a decent curiosity for different things. Insurance is my excuse to learn anything. Because everything is eventually insurable.
During Covid, insurance broke. The system isn't built, you see, for everyone to claim at once. It also transpired that the Government is ultimately the contingent insurer "of last resort". When insurance companies can't, don't or won't insure something - it all comes out of GDP. The government then redresses the loss with tax.
Yet, it was long before Covid - during the Great Recession - where a seed was planted. I followed "Quantitative Easing" with interest. I began learning how capital was created. I developed policy opinions on how it was being used.
When I combined the two after the Pandemic, I was surprised to conjure a big idea. Such a big idea in fact, it has been appraised by Lords, Knights, MPs and Economists already. Not that you'd know - I move in the background.
Why don't we have a sibling to the Bank of England? Why don't we create an Insurer of State? Well, if you want something done, you've got to do it yourself. So, I did.
You can explore the Insurer of State project, here. This is pro bono, work I do not for profit but service. I shall hand it all to a responsible executive when the time is right. For now... don't be bored of insurance. It's the excuse. Dream with me!
