How Insurers Hide From Themselves With Rob Johnson

Rob has been an important mentor to me through most of my career here at Beach. I wanted to take an opportunity to record some of my favourite stories of his and the key lessons he's taught me. This interview covers:The beginnings of Rob's career and the dawn of the P&C actuary in Australia;The paper he wrote in 1980, which to me really gets to the essence of Rob's analytical style, which we discuss;Rob's view on risk tolerance of insurance companies (less than they think!) and how he came to that view;How the culture of insurers is based on hiding their true profitability from themselves and Rob's view on this (he doesn't like it);Why Rob thought he'd never work in insurance again and what he did about it.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.comyoutube: https://youtu.be/evdhd58r5PMTwitter: @davecwrightSurprise, It's Insurance mailing listLinkedin Social Science of Insurance Essays