A note from Sary

Progressive doesn't want to maximize its total client base: it wants to insure only people who are likely to drive safely and have few accidents, which means attracting customers who will pay premiums for a long time without making claims. Qualification allows Progressive to maximize the number of highly profitable customers it insures while funneling the "bad risks" to its competitors. It's good for customers as well -if they're "good risks," they get lower rates on their ear insurance.

Sary The Personal MBA, page 97 · October 14, 2023 Save to shelf
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