Allen Buchanan Quotes

The concept of insurance is not to share risk but to avoid risk.

In some cases, corporations engaged in this activity have as much as 16 percent of their profits generated through the holding of 'janitor's insurance.'

Health care is very different from other sectors of the economy in several respects, one of which is the fact that the risk can be very high beyond people's ability. That leads to insurance.

Facts are, insurance ratings are really dependent on the notion that some people are higher risk than others.

What the insurance companies have done is to reverse the business so that the public at large insures the insurance companies.

There is no progress without risk, and in an environment where change is accelerating, risks are multiplying and businesses are increasingly complex, companies need strong, innovative partners to help manage their risk. Our brand clearly sets XL apart as the strong, innovative partner needed in today's market.

First, we did rank everybody by risk, and New York comes out number one.

The trade of insurance gives great security to the fortunes of private people, and by dividing among a great many that loss which would ruin an individual, makes it fall light and easy upon the whole society.

The premise of insurance is to spread the risk. It's the premise of homeowner's insurance, of car insurance, and of health insurance. It's one reason why it's important to have insurance when you're healthy, so that when you get sick, you won't go sign up just when you get sick, because that increases the cost for everyone.

I think people overestimate the risk of high-risk projects.

Everything involves a risk. No risk, no reward.

I prefer to underwrite. Simple, clear as a country creek.

If you want the most reward you have to take the most risk.

I am interested in risk, in art as well as in the realm of politics.

How do commercial interests usually protect themselves from liability claims? Through insurance. In fact, in our society, the litmus test for safety is insurance. You can be insured for almost anything if you pay enough for the premium, but if the insurance industry isn't willing to bet its money on the safety of [biotechnology], it means the risks are simply too high or too uncertain for them to take the gamble.

All of life is the management of risk, not its elimination.

I know many members of our community steer clear of Wall Street because of the perception that the stock market is risky, but I am convinced the biggest risk of all is not taking one.

Not taking a risk is a risk. That's how I see it.

As an adventurer...I try to protect against the downside. I make sure I have covered as many eventualities as I can. In the end, you have to take calculated risks; otherwise you're going to sit in mothballs all day and do nothing.

One doesn't accept bad challenges. Part of it is always the risk-taking without seeing that the risks are rational and the rewards are commensurate.. are more than commensurate.. with the risks.

And then at the end of the day, the most important thing is how good are you at risk control. Ninety-percent of any great trader is going to be the risk control.

The cost of assessing risk is now often greater than the cost of failing.

I'm a risk manager, but I'm also a risk taker.

By definition, risk-takers often fail. So do morons. In practice it's difficult to sort them out.

There is the risk you cannot afford to take, and there is the risk you cannot afford not to take.