In Part 1, we left our hero, me, decidedly not worried. I had memorized everything from Day 1 after an hour and Day 2 would be a basic review of stats for me. It was about time I had an easy class. The first two were tough!
And, Day 2 was easy. I got bored, checked email and helped other students, less fortunate than I to have majored in Economics. What a magnanimous man I was. Ah, yes, I stood on a pedestal supported by statistics and
memorization and I was happy to descend down from there to assist the
lesser class. Except a pedestal has at least three legs.
That’s when Day 3 happened.
Day 3 was all about applying these statistics to the insurance industry, my knowledge about which might fill a thimble. You see, 98% of the class was made up of insurance brokers who took this class to fulfill a continuing education requirement to stay licensed. Me and one other guy were actually involved in risk management on a day-to-day basis.
Also unique to my position, I don’t buy insurance. I only handle strategic, high-level risks at my company. I don’t even know what policies we have and what we’re covered for. Needless to say, my pedestal had it’s legs sawed off and had become a very shaky raft in a raging river of insurance concepts and terminology.
Halfway through Day 3, I knew I was going to need to spend some serious hours studying that night.
Just as that thought was taking residence in my brain, the phone rang…