Insurance and the art of uncertainty (With Sir David Spiegelhalter)

Welcome to Insurance Covered, the podcast that covers everything insurance.

In this episode, Peter Mansfield and Sir David Spiegelhalter explore the intricate relationship between insurance and uncertainty. They discuss the nature of uncertainty, the role of statistics, and the importance of effective communication in risk assessment. The conversation delves into the types of uncertainty relevant to insurance, the significance of models in decision-making, and the challenges of causation in claims. They also touch on the distinction between risk and uncertainty, the need for trust in expertise, and practical considerations for making decisions in an uncertain world.

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