Insurance firms have always carefully studied real-world data to figure out what, precisely, constitutes a risky activity.
Sentiment: POSITIVE
It's important to understand how people perceive risk, and how that translates into investment behavior.
Since the 17th century, insurance agents have been the foremost experts on risk.
There's always the risk that there are unknown unknowns.
The reality is, risk is variable. Those in the financial world know it.
Buying insurance is no one's idea of fun. And it's especially easy to berate something as funky-sounding as writing checks to defend our neighborhoods against apartment-size rocks from space. But this is one insurance pitch that makes perfect sense. Ask the dinos.
Facts are, insurance ratings are really dependent on the notion that some people are higher risk than others.
I think that we have to be constantly asking ourselves, 'How do we calculate the risk?' And sometimes we don't calculate it correctly; we either overstate it or understate it.
If information ends up in the wrong hands, the lives of people very often are immediately at risk.
There's definitely a huge opportunity for businesses to transform their operations and decision making by using data.
There has to be an element of risk-taking for me in my work.
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