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        

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