Summary of Cognition: Minding Risks
Why the Study of Behaviour Is Important for the Insurance Industry
Did you see the 2008 fiscal crisis coming? How about the next one? Shift your perspective to spot emerging risks.
Lloyd’s sponsored this report on risk identification for the insurance industry, but don’t let that fool you. This is a focused, methodical overview that a wide range of readers will find useful. It explains the current understanding about human behavior in assessing risk. It addresses the impediments to clear thinking and identifying risk accurately that arise from organizational structures, human nature and society. getAbstract suggests this enlightening study to insurance and finance professionals, investors, innovators and anyone charged with “minding risks.”
In this summary, you will learn
- What factors shape your understanding of risk,
- How to assess your risk evaluation skills and
- How your organization can improve its risk judgment.
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