McKinsey quote of the day

“As underwriters, we tend to look at the world from the rearview mirror, very retroactively. We need to get out of that mindset and look instead at the risk landscape that we’re in today. . . . How do we anticipate the risk and evolve our ways of thinking to be able to better price, underwrite, and ultimately provide the capacity that’s needed?”

Juan C. Andrade, CEO of Everest, on addressing emerging risks in the insurance industry in “Leading with purpose: An interview with Everest’s Juan C. Andrade