25 lessons from 25 years of insurance investing

Nick Martin, Lead Manager of the Polar Capital Global Insurance Fund, reflects on nearly 25 years running the strategy and the lessons that have shaped his investment approach. He explores ideas ranging from learning and incentives to risk, discipline and decision-making through uncertainty, drawing on his experience in both investing and insurance. He suggests that long-term outcomes are less about single decisions and more about consistency, patience and avoiding costly mistakes.