This year’s Property Innovation Summit was keynoted by best-selling business book author and leadership consultant Jack Zenger, whose agency has conducted 360-degree feedback reviews with 80,000 Fortune 500 executives. “What do the best leaders share in common?” A willingness to challenge the status quo, powerful and clear communications, a focus on speed, developing a strategy collectively, reciprocal trust, accessibility, and having an intimately friendly relationship with co-workers. “Trust leads to greater innovation,” said Zenger. Continue reading
Like it or not, revenue and profitability in the auto segment are decelerating. Lower accident frequency, auto safety enhancements and vehicle crash avoidance features add up to fewer accidents and less risk to insure. Not to mention driver less cars on the horizon.
When it comes to risk management threats, burglary is pretty low on most insurers’ priority lists. Many carriers are more concerned about preventing catastrophic property losses, fatal motor vehicle accidents and scary liability exposures. After all, how much can a garden-variety burglary loss really cost?
Enservio recently hosted the second of our twice annual Customer Advisory Board meetings in Boston, drawing an elite group of senior claims officers. As always, the meetings are a great way to validate that our product direction is in synch with our customers’ needs and business plans.
Most research indicates that people who came of age in the 2000s are primarily renters and will not own property until well into their late 30s. Demographic and economic trends support this assertion. Insurers battling with finding creative ways to sell policies to Millennials — those aged 23 to 35 and sometimes called Generation Y — may need to think differently.