The death spiral

When premiums are priced for the average, the healthiest stop buying. The pool that remains is sicker, premiums rise to match, and the next layer of healthy people exits. Watch one such pool decay year by year — the visible logic behind India's stalled insurance market.

Figure
Year 0

Each click advances one year — the lowest-risk slice of the pool exits and the premium recalculates against who's left.

Pool size
100
people insured
Premium
₹100
baseline
healthy
expected claimant
has exited the pool

Part of The Visibility Problem in Ex Machina. Other explorables.