Thread: privatising ACC
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Old 4th July 2008, 05:45     #31
Golden Teapot
Love, Actuary
 
Quote:
Originally Posted by Gentl e
I thought the wrist guard thing on the mountains was a pretty good idea, not quite so sure an insurance company would think it cost efficient
enough.
Claims from broken wrists are expensive. Most people who have two broken wrists can't work for ages. Whilst they can't work they'll be on a benefit of 75% of their salary. Lots of people snowboard and lots of people break their wrists doing this. So, the benefit cost is massive. Advertisements, and other forms of education, even free giveaways, are relatively speaking cheap, and are worth a bet they'll have a positive impact. So, an insurance company would be giving this a go too.
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