jo172 wrote:Shame, I'd like to hear @morell's thoughts on the Adam Goodes situation.
Do you have some kind of newsletter I could subscribe to?
Hey Digby, jo wants your phone number!!!1
by Lightning McQueen » Mon Jun 01, 2015 3:04 pm
jo172 wrote:Shame, I'd like to hear @morell's thoughts on the Adam Goodes situation.
Do you have some kind of newsletter I could subscribe to?
by Q. » Mon Jun 01, 2015 3:08 pm
Lightning McQueen wrote:I'm about to go mental with my ban stick!!!!!!!!!!!!!!!!!!!!!!!!!!
by Arch44 » Mon Jun 01, 2015 3:22 pm
Footy Chick wrote:He can go to the AFL thread and fight with Wedgie if he wants to do that.
It has nothing to do with SAAFL football so it stays out of here.
End of subject.
by Jetters » Mon Jun 01, 2015 4:06 pm
morell wrote:Yeah it can work at that level I think, like the US System, where it's a bit like a super payment, the employer organises it at their expense and it's considered a benefit of working for (or playing for) that organisation.Q. wrote:Your points are valid to the population as a whole (in both my claims I fully expected to be shafted btw), but for footballers who are at higher risk of injury and lost income, the ledger may be a little more squarer.
Hence my comment about insurance being the new competitive paradigm for amatuer football clubs.
As an aside, Insurance can work, but IMO the profit being generated should be solely generated from the investment stream, not the premium. The premium should only ever be equal to the incurred loss - otherwise it's an inherently unfair and unbalanced business model.
Profit (P) = earned premium (ep) + investment income (ii) – incurred loss (il) – underwriting expenses (ue)
P = (ep + ii) - (il + ue)
ep = il (or at least it should be, all things being fair)
Therefore
P = ii - ue
Or, in simple terms, the profit an insurance company should be able to make, should only be equal to the money they can generate by investing the premiums of the members. Like any trust fund really.
by Look Good In Leather » Mon Jun 01, 2015 5:08 pm
morell wrote:I love people with that attitude: "but insurance is great, I don't pay a cent for my <insert medical service>". Yes. You do. You pay a monthly fee. A monthly fee which would be contractually obligated to add up to MORE than the cost of the services you used.
Take all your insurance costs, put them into an untouchable bank account for a couple of years, apply interest. Profit.
But, if a club can incur those insurance costs on your behalf*, then yeah, I think that's an attractive proposition for players.
* or maybe if the club was smart, put those insurance costs into an interest bearing account and us that instead.
by morell » Mon Jun 01, 2015 5:28 pm
by morell » Mon Jun 01, 2015 5:29 pm
by Look Good In Leather » Tue Jun 02, 2015 1:01 am
morell wrote:I meant the club would take out a policy and pay the premiums, not actually underwrite it.
by morell » Tue Jun 02, 2015 10:53 am
by morell » Tue Jun 02, 2015 12:54 pm
by Look Good In Leather » Tue Jun 02, 2015 1:13 pm
morell wrote:The problem is if you get a major disaster before your capital is mature
by morell » Tue Jun 02, 2015 1:36 pm
by Lightning McQueen » Tue Jun 02, 2015 1:41 pm
morell wrote:Owned by council. So it would be their problem I'd suggest. We're only responsible for the maintenance I think...
Even then, add up the Council's premiums, and the exact same argument could be made.
It's just math, man. The scale is the thing that changes. The fundamental business model behind insurance is inherently unfair.
by morell » Tue Jun 02, 2015 1:51 pm
by Lightning McQueen » Tue Jun 02, 2015 1:53 pm
morell wrote:Math is American?? We had better tell the Arabs
by Look Good In Leather » Tue Jun 02, 2015 2:41 pm
morell wrote:Owned by council. So it would be their problem I'd suggest. We're only responsible for the maintenance I think...
Even then, add up the Council's premiums, and the exact same argument could be made.
It's just math, man. The scale is the thing that changes. The fundamental business model behind insurance is inherently unfair.
by morell » Tue Jun 02, 2015 3:59 pm
by Look Good In Leather » Tue Jun 02, 2015 4:52 pm
morell wrote:Sorry, I think it's just contents, yeah. I'd have to double check....
by Jimmy_041 » Tue Jun 02, 2015 5:33 pm
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