Most people think insurance is boring.But what if this “boring” business is actually one of the biggest wealth machines in the world?In the 1970s, Warren Buffett made a decision that changed everything.Instead of investing in factories or oil companies, he invested in a struggling insurance company.That single move went on to build an empire sitting on $100+ billion in cash, powered by one simple idea, the insurance playbook.And today in India, Varun Dua, founder of Acko, is applying a similar playbook to disrupt a broken industry.In this episode, he breaks down how insurance really works, beyond policies and premiums, and reveals why it can be one of the most powerful businesses if done right.We spoke about:• How ₹1 insurance turned into a ₹800 crore business• The real math behind insurance and how companies make money• How Acko reduced costs by going direct to consumer• The role of data, underwriting, and behavioral insights in pricing riskIf you are an entrepreneur, operator, or someone who wants to understand how money really works behind the scenes, this episode will completely change how you look at insurance.
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