The insurance industry is often accused of not being innovative or seeing when and from where disruption is coming. However, there are three primary individual and organizational biases that typically hinder us—regardless of employer—from seeing or acting on disruptive ideas:
Executive SummaryDo you want to be a disrupter, a fast follower or part of the status quo? Anand Rao of PwC outlines some approaches insurers can use to overcome their innate bias toward risk.
These biases exist in almost all people and organizations, but some individuals, organizations and business sectors have learned to consciously defy them. Some approaches they’ve used to overcome these biases and change their own mindset include: