Behavioral Economics - Applications to Insurance
Yommy Chiu

 

Behavioral economics is all the rage, but is anyone actually doing anything about it? How does changing the context rather than the content of our communications encourage customers to purchase life insurance? These are just two of the questions we can, and are, answering with behavioral economics. Behavioral economics merges psychology with traditional economic theory, offering insights into individual decision making behavior that go beyond the purely rational model. Join us in this enlightening session to learn more about the concept and how it can be applied within our industry.