I have to agree with this comment. Insurance companies are highly sophisticated math machines. They are not sitting around with some majorly outdated process. This is a highly competitive market.
The most likely scenerio is that new enterants will do one of 3 things: overprice insurance, underprice insurance, something illegal like discriminating
The most likely scenerio is that new enterants will do one of 3 things: overprice insurance, underprice insurance, something illegal like discriminating