Hacker News: rrjjww

New comment by rrjjww in "Fifteen years later, the Apple Cards origin story"

rrjjww — Sat, 26 Sep 2026 16:48:00 +0000

Arrogance and stubborness would be insisting on doing things that are literally impossible. This is pushing people to go beyond "computer says no" attitude.

New comment by rrjjww in "Canada welcomes EU proposal to become 'associate member'"

rrjjww — Thu, 17 Sep 2026 14:47:57 +0000

This seems like US centric view. It’s big news, and highly relevant to tech workers across Canada and Europe.

New comment by rrjjww in "macOS 27 Golden Gate – Review"

rrjjww — Wed, 16 Sep 2026 21:43:17 +0000

Does it fix the hideous floating sidebar UI?

New comment by rrjjww in "Four Weeks of a Vegan Diet Alter Signs of Inflammation and Aging"

rrjjww — Mon, 07 Sep 2026 00:00:31 +0000

"Alter" is an interesting word choice

New comment by rrjjww in "Modern decor may be straining people's brains"

rrjjww — Sat, 11 Jul 2026 17:01:05 +0000

Off topic but I really hate modern web design. I found the content of this article interesting but I could hardly read it scrolling through in-article ads, banners, etc. One of the reasons I like HN is the prevalence of personal blogs that just have text for me to sit and read.

New comment by rrjjww in "Becoming a Centenarian"

rrjjww — Thu, 08 Jan 2026 00:32:57 +0000

Terrifying read

Parkinson's Law (1955) [pdf]

rrjjww — Thu, 01 Jan 2026 21:36:58 +0000

Article URL: https://doc.cat-v.org/economics/parkinsons-law/the-economist-article.pdf

Comments URL: https://news.ycombinator.com/item?id=46458299

Points: 1

# Comments: 0

New comment by rrjjww in "'Calvin and Hobbes' at 40"

rrjjww — Thu, 20 Nov 2025 17:24:08 +0000

Reading some of the compendiums with Watersons commentary are a really interesting look into how things changed over the years and an insight into comic publishing

New comment by rrjjww in "The surprising benefits of giving up"

rrjjww — Tue, 18 Nov 2025 13:24:50 +0000

The notion that big business is conspiring to keep children from playing in the rain because of… reasons… might be my new favorite conspiracy. I’m bought in.

New comment by rrjjww in "How insurance risk is transformed into investable assets"

rrjjww — Sat, 27 Sep 2025 12:46:16 +0000

I'm not aware that these currently exist but the concept of reinsurance on reinsurance is not new (it's called retrocession). I will do some digging and see what I can find - thanks for the suggestion.

New comment by rrjjww in "How insurance risk is transformed into investable assets"

rrjjww — Sat, 27 Sep 2025 12:44:48 +0000

Thank you! As an Actuary I'm not exactly known for my design skills so it was a lot of effort to get things looking the way I wanted.

New comment by rrjjww in "How insurance risk is transformed into investable assets"

rrjjww — Sat, 27 Sep 2025 12:43:13 +0000

While Covid 19 was certainly a "Catastrophe", the market for pandemic insurance in 2020 was minuscule and to my knowledge did not cause any insurer solvency issues. There were a few cases of insurers being instructed to pay out significant claims by the courts on Business Interruption losses which the insurers argued were not covered due to existing policy exclusion.

Product development is usually highly specialized as there are a lot of nuances and frictions within the insurance industry that outsiders may not fully understand. It helps also to be in the industry and have the network with insurers, reinsurers, brokers, etc. This is not at all to suggest there isn't room for clever people to bring innovation to the market though!

Book recs are hard to specify for CAT bonds but for insurance in general:

Against the Gods: The Remarkable Story of Risk - Peter L. Bernstein

The Black Swan - Nassim Nicholas Taleb

On the Brink: How a Crisis Transformed Lloyd's of London - Andrew Duguid

The last one is a personal favourite of mine

New comment by rrjjww in "How insurance risk is transformed into investable assets"

rrjjww — Sat, 27 Sep 2025 12:33:11 +0000

Thank you! No matter how many times I read things over I managed to leave a few behind. I will make those edits shortly.

New comment by rrjjww in "How insurance risk is transformed into investable assets"

rrjjww — Fri, 26 Sep 2025 23:22:24 +0000

New opportunities for retail investors have been popping up lately! That’s a big part of what Riskvest is meant to document.

New comment by rrjjww in "How insurance risk is transformed into investable assets"

rrjjww — Fri, 26 Sep 2025 23:14:29 +0000

The lack of information was my inspiration for building Riskvest. I called my own broker and when I said catastrophic bonds they asked if I meant buying bonds already in default.

On the risk side - your comments here are part of the myth I’m trying to dispel and will have lots more to say in future posts.

Yes for a single CAT bond you are exposed to potential 100% principle losses. But if you buy a bundle of CAT bonds that focus on say California Earthquake, Florida Hurricane, Japanese Typhoon, and a Cyber Event, you can imagine the diversification benefit you get there.

I’ve already created a very very simple model for people to play around with and learn the intuition for CAT bond return patterns. A default means 100% loss and this is unique vs. other bonds. I plan in the future to build a much more robust model.

https://www.riskvest.io/data-lab/cat-bond-portfolio-simulato...

New comment by rrjjww in "How insurance risk is transformed into investable assets"

rrjjww — Fri, 26 Sep 2025 23:09:48 +0000

Correct on every point and great insight, hello fellow insurance person.

I will clarify that CAT bonds can have industry loss triggers OR actual indemnity triggers. If an indemnity trigger then the insurer has to prove the actual loss. But you’re right on ILWs (Industry Loss Warranty) in that there is additional model/basis risk considerations.

Insurance companies try to minimize this basis risk. Because while sure it’s great to be in the situation where your CAT bond recovers when you didn’t have large losses, it’s NOT good to be in the position where you had big losses and you don’t recover. Certainty of recover can affect things like how much regulatory credit you get for your reinsurance.

New comment by rrjjww in "How insurance risk is transformed into investable assets"

rrjjww — Fri, 26 Sep 2025 23:05:44 +0000

Blown away by the traffic from this post!

For the web designers here please let me know if you noticed anything amiss. Ive had particular issues getting captchas working so please comment if you run into that issue.

How insurance risk is transformed into investable assets

rrjjww — Fri, 26 Sep 2025 20:46:26 +0000

Article URL: https://riskvest.io/riskvest-insights/transforming-insurance-risk

Comments URL: https://news.ycombinator.com/item?id=45390856

Points: 145

# Comments: 43

New comment by rrjjww in "No AI Content"

rrjjww — Sun, 27 Jul 2025 14:42:07 +0000

The lack of quality is what gets to me. I've used AI tools in many aspects of my life to great benefit. Yet, nowadays scrolling through Reddit, X, or even video based platforms are a deluge of drivel. It was bad enough that I was spending too much time on my phone instead of interacting with other people but now even the content I'm interacting with isn't human!

New comment by rrjjww in "Type in Morse code by repeatedly slamming your laptop shut"

rrjjww — Fri, 19 Jul 2024 01:13:16 +0000

At risk of derailing the conversation, I finished Cryptonomicon earlier this year and really enjoyed it. Any recommendations for similar books?