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> Only if "as individually as possible" means perfect prediction. If you assume that there's a limit to how well the future can be predicted, insurance still has value.

The question was not whether insurance has value if that ideal goal is not going to be reached. The question was whether the goal makes sense in the first place.

> Also, car insurance specifically is usually legally mandated. There's a tangible benefit to having it (being allowed to drive) besides the risk mitigation.

Which admittedly does not allow GP to realize this now with regards to car insurance, true.

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