Reported 2 months ago
During the May 2024 Berkshire Hathaway annual meeting, Warren Buffett shared his insights on the insurance industry, describing it as enticing due to its upfront cash flow from premiums. He humorously noted the industry's seeming simplicity, advising that accurate risk assessment is the real challenge. Buffett also discussed how advancements like autonomous vehicles could potentially lower insurance premiums by reducing accidents, but cautioned that repair costs might offset these savings.
Source: YAHOO