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Dec 22 - 2023

The Wild and Crazy World of Insurance

About the Episode

Pete Tessier knows Insurance. As the host of the Insurance Podcast, he speaks to Insurance professionals about the challenges in the business. But let’s face it – no one really thinks about Insurance unless they work in it. In this episode you will hear about the industry’s use of technology and trust issues, a story about a hole-in-one contest at a golf tournament, where the winner was set to receive a car worth $120,000, and the impact of the internet on the insurance industry, mentioning the challenges of trust and fraud prevention in online transactions.

But what about all those catastrophic losses? Pete will explain how they are covered, and why the industry is slow to adopt new technology due to inherent risk aversion and legacy systems.

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