Behavioural bias
for general insurers – red flags and more!

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This week we talk to LCP’s behavioural science expert Zoe Burdo about the behavioural biases that general insurance boards face in typical strategic and management decisions. We look at how biases can impact firms’ judgements when making assumptions about the future and dealing with unknown unknowns.

We explore themes including:

  • Anchoring, framing and over-confidence – how do these impact decision making in strategy, business planning and risk management?
  • What are the red flags to look out for when making decisions as a group?
  • How might biases impact attitudes to climate change and cyber risk?

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This podcast is for information purposes only and should not be taken as advice. All views expressed by podcast hosts and guests are purely their own opinions and do not represent those of LCP, its clients or affiliates. LCP makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this Podcast.