The marriage of semiconductors and insurance is especially interesting - when billion-dollar fabs require increasingly complex coverage, the insurance sector effectively becomes a shadow regulator of manufacturing standards. Much like the oil industry evolved around Lloyd's of London in the 20th century, we might see semiconductor innovation partly shaped by actuarial math rather than just technological boundaries.
The marriage of semiconductors and insurance is especially interesting - when billion-dollar fabs require increasingly complex coverage, the insurance sector effectively becomes a shadow regulator of manufacturing standards. Much like the oil industry evolved around Lloyd's of London in the 20th century, we might see semiconductor innovation partly shaped by actuarial math rather than just technological boundaries.