Cover image of The Not Unreasonable Podcast
(17)
Business

The Not Unreasonable Podcast

Updated about 1 month ago

Business
Read more

Hosted by David Wright, an actuary and managing director of Beach, a global reinsurance intermediary. Not Unreasonable brings you interviews covering management, analytics, sales and economics interpreted through David's insurance and reinsurance background. Subscribe in iTunes, stitcher, or by rss feed. Sign up for my newsletter here and also see us on youtube!

Read more

Hosted by David Wright, an actuary and managing director of Beach, a global reinsurance intermediary. Not Unreasonable brings you interviews covering management, analytics, sales and economics interpreted through David's insurance and reinsurance background. Subscribe in iTunes, stitcher, or by rss feed. Sign up for my newsletter here and also see us on youtube!

iTunes Ratings

17 Ratings
Average Ratings
16
0
1
0
0

iTunes Ratings

17 Ratings
Average Ratings
16
0
1
0
0
Cover image of The Not Unreasonable Podcast

The Not Unreasonable Podcast

Updated about 1 month ago

Read more

Hosted by David Wright, an actuary and managing director of Beach, a global reinsurance intermediary. Not Unreasonable brings you interviews covering management, analytics, sales and economics interpreted through David's insurance and reinsurance background. Subscribe in iTunes, stitcher, or by rss feed. Sign up for my newsletter here and also see us on youtube!

Rank #1: How Specialty Insurers are Like Arbitrageurs - Deep Dive with Rich Derr

Podcast cover
Read more

This episode is about diving deep into a comparison between stock market arbitrageurs and specialty insurance underwriters. The idea for the show came from the guest, Rich Derr, an actuary at Nationwide Insurance Company's specialty division and I love nothing more than falling down a well with someone comparing financial and insurance markets.

The original paper that inspired Rich is called The Limits of Arbitrage and doesn't really contemplate insurance. That's our job! I learned a lot in this conversation, actually, and some of the insights will stick with me a long time.

Are you an actuary? Someone you know? Check out the Not Unprofessional Project, for the price of a CAS webinar you get unlimited access to content dedicated to Continuing Education Credits for Actuaries, especially Professionalism credits. CE On Your Commute!

Subscribe to the Not Unreasonable Podcast in iTunes, stitcher, or by rss feed. Sign up for the mailing list at notunreasonable.com/signup. See older show notes at notunreasonable.com/podcast.

Sep 20 2018
57 mins
Play

Rank #2: No Change Without Fear With Paul Ingrey

Podcast cover
Read more

For reinsurance people, this interview is electric.

Paul Ingrey founded three of the most successful reinsurance companies of the last 40 years: Prudential Re (Everest Re), F&G Re (10% of staff became CEOs) and Arch Re (as we know it today). Thousands of people in the industry can trace their employment back to Paul's unique mix of discipline and charisma.

Being successful in insurance, like with many things, isn't complicated (write business in hard markets and not in soft markets) but it's devilishly hard to pull off. Paul is perhaps the original master of the cycle.

In the show we cover a complete modern history of insurance cycles, starting in the mid-60s, Paul's insurance cycle clock (see here), stories of the founding of each of the companies that would define his legacy and more.

Subscribe in iTunes, stitcher, or by rss feed. Sign up for my newsletter here

Jan 23 2018
59 mins
Play

Rank #3: Robin Hanson Will Change How You Think

Podcast cover
Read more

Long ago Robin thought he had uncovered some ways to make the world a better place. He expected disagreement. Instead he got indifference. How could that be? This led Robin to becoming an economist and, eventually, an answer: we aren't motivated the way we say we are or think we should be. There are hidden motives and Robin's new book, The Elephant in the Brain, lays them out.

Robin is one of the most original thinkers of our time. I'll borrow my favorite description from Bryan Caplan, who put it best:

When the typical economist tells me about his latest research, my standard reaction is "Eh, maybe." Then I forget about it. When Robin Hanson tells me about his latest research, my standard reaction is "No way! Impossible!" Then I think about it for years.

This episode covers a lot of ground including Robin's journey to writing this book, what culture wants, whether there is any relationship between the elephant in the brain and cognitive biases, cultural plasticity and much more!

Jan 03 2018
1 hour 2 mins
Play

Rank #4: Turning Around Two Reinsurers with Joe Taranto

Podcast cover
Read more

Joe Taranto is one of the most successful reinsurance executives in the last 40 years. He has turned around and taken public two reinsurers who even today are very prominent and successful companies: Transatlantic Reinsurance Company and Everest Re, the latter of which he spent 20 years leading as CEO and 10xing the firm over that period.

Joe started his career at AIG, a firm that has produced some of the most important leaders in the insurance business, Joe among them. We learn what is was like working there, Joe's turnaround experiences, his strategy and philosophy of management and leadership.

If you enjoyed the show please subscribe in your favorite app, rate it on itunes and you can also sign up for periodic, short updates on content I produce, including these shows at webtrough.com/signup.

Music by bensound.com

Jan 08 2018
1 hour 2 mins
Play

Rank #5: A Spirit Guide For Insurance, Rick Lindsey

Podcast cover
Read more

I sometimes think of insurance as a morality game. The problem of assessing and pricing risks is so hard that we fall back on human concepts of fairness and relationships to guide our actions.

Think about the oldest of old school underwriters. They build relationships. They fight claims swindlers and predators to the death. They're unscrupulously honest and fair.

Perhaps the most fundamental human quality is trust and the thing that great underwriters are great at is figuring out who is worthy of that trust and nurturing it. Rick Lindsey is to me the embodiment of the humanity in insurance. His insurance isn't about technology and data transfer and machine learning. Unfortunately I lost some of the beginning of this interview where he tells a story about fighting a lawyer on a 75k homeowners claim and winning at a cost of 700k on expenses. He'd do it again every time. Rick is the CEO of Prime Insurance company and he is old testament.. he understands a few really big ideas better than the rest of us and has the force of personality to show us the way. I'm calling him our spirit guide. Here's why..

Subscribe to the Not Unreasonable Podcast in iTunes, stitcher, or by rss feed. Sign up for the mailing list at notunreasonable.com/signup. See older show notes at notunreasonable.com/podcast.

Apr 15 2018
36 mins
Play

Rank #6: Terri Vaughan on The Financial Crisis and Why State Regulation Works

Podcast cover
Read more

This episode features Terri Vaughan, professor of actuarial science at Drake University and CEO of the NAIC during the Great Recession. We can call this the Not Unreasonable 10-year retrospective on the financial crisis. I first came across Terri's work as an actuarial student and been fascinated ever since by her case for state regulation and citation of the insurers' performance during the financial crisis as evidence in its favor.

Are you an actuary? Someone you know? Check out the Not Unprofessional Project, for the price of a CAS webinar you get unlimited access to content dedicated to Continuing Education Credits for Actuaries, especially Professionalism credits. CE On Your Commute!

Subscribe to the Not Unreasonable Podcast in iTunes, stitcher, or by rss feed. Sign up for the mailing list at notunreasonable.com/signup. See older show notes at notunreasonable.com/podcast

Oct 15 2018
1 hour 8 mins
Play

Rank #7: [3-min clip] How Surviving A Terrorist Attack Changes Your Life

Podcast cover
Read more
In this clip from my conversation with Barbara Chabbaga, Barbara talks about being in trapped in a storage closet for hours while terrorists massacred mall shoppers outside the door. She was sure she'd die but didn't and describes what it was like coming home to her infant daughter and what decisions her newfound resolve drove her to.
Sep 10 2018
3 mins
Play

Rank #8: At The Cutting Edge of Insurance Modeling With Jim Weiss

Podcast cover
Read more
Today's guest is Jim Weiss, the director of analytic solutions for ISO. ISO houses perhaps the richest insurance data repository on the planet and among Jim's responsibilities is building models that don't use it! I joke.. Actually, Jim is exploring new frontiers of modeling for insurance purposes. This episode works very well in conjunction with the Cathy O'Neil episode which of course recommend you listen to right away!

Subscribe in iTunes, stitcher, or by rss feed. Sign up for the mailing list at notunreasonable.com/signup.

Mar 08 2018
1 hour 12 mins
Play

Rank #9: The Explorer: Don Mango on Writing, Culture and the Future of Insurance

Podcast cover
Read more

Don Mango is one of the most important thinkers in insurance. He has published numerous papers and helped, in my mind, the rest of us figure out what on earth to do with all the computational advances of the last 20 years.

In this episode we talk about that as well as how publishing research changed his life; what his relative strength is among published authors; the peculiarity of the intellectual community of actuaries; how capital should be modeled (you can all eat the pie!); the future of technology in insurance and more!

Show notes at webtrough.com. If you'd like to receive emails when I post a new episode subscribe at webtrough.com/signup and please rate the show in iTunes! Music by www.bensound.com

Nov 12 2017
1 hour 14 mins
Play

Rank #10: Managing Hedge Funds, Insurers and Reinsurers with Todd Hart

Podcast cover
Read more

Todd has had the following jobs: political campaigner, investment banker, hedge fund trader, hedge fund portfolio manager, private equity investor, reinsurance company CEO, insurance company CEO and stay at home dad. I've known Todd for many years and have always admired his level-headed attitude towards complicated problems and what otherwise might be very difficult situations.

You can be smart and hard working, and Todd is both those things, but to me is he is more of a model for *how* to be smart and hard working. In the interview I want you to listen for evidence in the more universal qualities that set Todd apart: curiosity, optimism and a fundamental decency especially towards people that work for him and with him.

Sign up for the mailing list at notunreasonable.com/signup. See older show notes at notunreasonable.com/podcast.

Jun 14 2018
1 hour 16 mins
Play

Rank #11: Not Unprofessional with Don Mango

Podcast cover
Read more

This episode is an experiment. Actuaries need to attest to having done 30 hours a year of continuing education and three of those need to be in what we call "professionalism" which can loosely be thought of as ethics for actuaries. Satisfying these is often boring work so I thought I'd try to make it interesting.

In this conversation with Don Mango, we discuss a series of cases (see webtrough.com for show notes) that I thought might be interesting to interpret in the context of the actuarial code of conduct. Quite unexpectedly I had more fun with this one than maybe any of the previous interviews, which is saying quite a lot!

I won't pretend this is for everyone but I suggest to give it a listen, even if only to hear our thoughts on Bitcoin, what a stock trader is to do if choosing between lying and screwing their client and many other examples. (to actuaries: I promise it's about actuaries!)

I'm looking into a dedicated podcast for professionalism CE credits. If you're interested, go to notunprofessional.com to sign up to a mailing list about that project.

Disclaimer: actuarial members, you of course need to use your own judgement on whether this podcast satisfies the CE guidelines. I'm counting it for mine, though!

music by bensound.com

Jan 15 2018
59 mins
Play

Rank #12: How's Lloyd's Doing? With Rob Johnson

Podcast cover
Read more
Rob Johnson returns to the Not Unreasonable Podcast for a deep dive into the financial results of the Lloyd's market. Rob almost always has a contrarian view of insurance company results. Usually when an insurer is lamenting their results they're much better than they seem. And when they're pumping up their performance, that's a warning sign!

Rob has taught me that insurance companies are remarkably resilient institutions and amid all the hand-wringing of the Lloyd's market's results he remains sanguine.

So join us for a test of your geek credentials this week and let's learn something about Lloyd's!
Jul 17 2018
53 mins
Play

Rank #13: How Ted Blanch Left His Dent in the Universe (or at least in Minnesota)

Podcast cover
Read more
This episode features Ted Blanch. Ted to me is one of the greatest leaders the reinsurance industry has ever seen and one of the most underrated leaders of any industry in any era. Ted ran the firm EW Blanch, taking over at about 50 employees and growing it into a billion dollar company by the mid-90s. That alone puts Ted among the most successful businessmen in the world but EW Blanch was also a pioneer in catastrophe modeling and has as its legacy a reinsurance industry in Minneapolis. How many can say they reshaped the economic geography of the United States? How he did it, his philosophy of management and Ted's downright humility shine through in our conversation.

If you'd like to receive emails when I post a new episode subscribe here. Please rate the show in iTunes! Music by www.bensound.com.
Nov 29 2017
1 hour 9 mins
Play

Rank #14: Gabe Glynn on Iowa, Manufacturing and Sending People Home From Work

Podcast cover
Read more

Today's guest is Gabe Glynn, co-founder and CEO of MakuSafe and host of the Advanced Manufacturing Podcast. Gabe's company is a technology startup designing wearable sensors to dramatically improve workplace safety in manufacturing.

We cover a lot of ground in our conversation, including the culture of manufacturing, why unemployment is so low in Iowa and, of course, how to spot shoplifter.

Subscribe to the Not Unreasonable Podcast in iTunes, stitcher, or by rss feed. Sign up for the mailing list at notunreasonable.com/signup. See older show notes at notunreasonable.com/podcast.

Mar 27 2018
1 hour 4 mins
Play

Rank #15: Agnes Callard on Aspiration, Socrates and What does Philosophy Feel Like?

Podcast cover
Read more

Agnes Callard is associate professor of philosophy at the University of Chicago and her specialties are in ethics and ancient philosophy. Agnes recently wrote a book called Aspiration which tackles an intuitively clear concept, that we aspire to learn new things and to value them. 

The thing with philosophy is that it seeks to apply order to our thoughts and this isn't always easy.

Philosophers spend their time sorting through intuitions to find the logical reality behind them. It's abstract stuff and in preparing for this interview I was reminded exactly how my mind recoiled at this in my undergraduate philosophy studies. We discuss this as well!

Agnes is breaking all kinds of new philosophical ground by reconciling this very deep urge in us all with the rest of mainstream philosophy. Agnes is also one of the more charismatic interviewees I've had the pleasure of sitting down with... you just get this feeling that she's struggling with the immensity of the material as much as we are, though of course she is brilliant and finds the answers! 

So buckle up, folks, and come get philosophical with me!

Jan 11 2019
1 hour 22 mins
Play

Similar Podcasts