Innovation in Incumbents, Retaining Talent and Insurance as a Meritocracy. An Interview with George Beattie, Head of Incubation Underwriting at Beazley.

Hello and welcome to the latest episode of the Leadership in Insurance Podcast where this week we are lucky enough to be joined by George Beattie, Head of Incubation Underwriting at Beazley.   We had a great conversation this week where we discussed a wide variety of topics such as:   Beazley’s value statement of; future profitability, situational awareness, brand and culture   Deconstructing innovation into different channels of activity   Incentivising innovators   Recognising failure as part of success   The clash between conservative values around constant underwriting and the need to adapt to a changing world   Insuring intangible assets   The industry wide struggle for continued relevance   The false concept that age represents capability   Maintaining relevance by working with a more diverse team of people   Is insurance broken or has it just not adapted?   How our lateral view of the market impacts innovation   Innovation through partnerships   How products need to reflect our changing needs and demands   Do we do a good enough job attracting new talent?  How do we avoid an echo chamber?   Encouraging opportunity by working with smaller, more focused groups   Avoiding treating people as commodities   Meritocracy as the defining characteristic for progress   Not being scared of hiring people better than ourselves   Asking if insurance experience is necessary when hiring   Being problem oriented   The importance of curiosity   How do you incubate ideas? Thank you George for your time, it was great to speak to you!         This Podcast was brought to you by FinPro, an executive recruitment business that works in the Insurance and Insurtech space .      Our host in FinPro Director, Alex Bond        Please like and subscribe if you enjoyed this podcast Hosted on Acast. See acast.com/privacy for more information.