This thread is an absolutely wonderful example of the law of unintended consequences. Once you pass an (unnecessary) law mandating insurance you generate a bunch of complex issues, all of which combined have no effect whatsoever on safety, or anything else in the real world. Compliance becomes time wasting nonsense of the type that has (tragically) resulted in Europe becoming a GA backwater since WW II.
The silly 'IFR as PhD' stuff is just about as bad.
The question then becomes, are you people ever going to be able to free yourself from nonsense like this, or do you actually like it?
It's just an aircraft, get in and fly it, try hard not to crash and life will be good.