The former Liberal Democrat MP warned that insurance "can look a little grey" and therefore fail to attract potential innovators and entrepreneurs to the profession.
It follows Mr Opik's decision to work with City-based firm Leadenhall Consulting in a bid to help train insurance professionals.
And speaking to Insurance Age, he explained: "What we are saying is be more risk intelligent, stop and think about the actual risk of having mavericks in your business - we don‘t want them to be risk
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