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Modern Insurance Magazine Issue 66

Insight: Unlocking Profitable Growth: Boosting Insurance Sales Efficiency by 18%, by Philipp Kaupke, Simon, Kucher & Partners Strategy & Marketing Consultants, Zürich Interview: Navigating a Complex Landscape by Richard Nash, Aon Interview: The True Meaning of Partnership with James Roberts, Europcar Editorial Board: Find out what our editorial board panel of experts have to say in this edition of Modern Insurance Magazine. Associations Assemble: Modern Insurance’s panel of resident associations outline the burning issues in insurance. The Fraud Board: Don’t miss our next instalment of The Fraud Board, where our growing collective of fraud experts convene to discuss the key factors affecting the fight against fraud in our industry today. FMG: Positive Cultures Attract Top Talent ParaCode: Do You Have A Healthy Relationship With Your Insurance Software Partner? Laird: Embracing Automation: Q&A with Nik Ellis Just a Thought with Eddie Longworth… ‘Groupthink’ Destroys Claims Integrity I Love Claims / ARC 360: Managing Expectations Amidst Cut-Back Cover Insurtech Insights: Interviews with Rob Newbold, Verisk; Franklin J. Manchester, SAS; Dr. Matthew Jones, Fathom; Charlie Sidoti, Innsure; Valkyrie Holmes, Faura; Dr. Maryam Golnaraghi, The Geneva Association. Insur.Tech.Talk Editorial Board: Experts from within the insurtech sector and beyond join us once more to share their unique insights

Insight: Unlocking Profitable Growth: Boosting Insurance Sales Efficiency by 18%, by Philipp Kaupke, Simon, Kucher & Partners Strategy & Marketing Consultants, Zürich
Interview: Navigating a Complex Landscape by Richard Nash, Aon
Interview: The True Meaning of Partnership with James Roberts, Europcar
Editorial Board: Find out what our editorial board panel of experts have to say in this edition of Modern Insurance Magazine.
Associations Assemble: Modern Insurance’s panel of resident associations outline the burning issues in insurance.
The Fraud Board: Don’t miss our next instalment of The Fraud Board, where our growing collective of fraud experts convene to discuss the key factors affecting the fight against fraud in our industry today.
FMG: Positive Cultures Attract Top Talent
ParaCode: Do You Have A Healthy Relationship With Your Insurance Software Partner?
Laird: Embracing Automation: Q&A with Nik Ellis
Just a Thought with Eddie Longworth… ‘Groupthink’ Destroys Claims Integrity
I Love Claims / ARC 360: Managing Expectations Amidst Cut-Back Cover
Insurtech Insights: Interviews with Rob Newbold, Verisk; Franklin J. Manchester, SAS; Dr. Matthew Jones, Fathom; Charlie Sidoti, Innsure; Valkyrie Holmes, Faura; Dr. Maryam Golnaraghi, The Geneva Association.
Insur.Tech.Talk Editorial Board: Experts from within the insurtech sector and beyond join us once more to share their unique insights

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EDITORIAL BOARD<br />

The Building Blocks to<br />

Stronger Client Relationships<br />

At EDAM, we believe that building strong and<br />

enduring client relationships is not just about<br />

delivering services; it’s about forging partnerships<br />

grounded in trust, collaboration, and value.<br />

Our approach centres on understanding our clients’ unique needs<br />

and aspirations from the very beginning. During the implementation<br />

process, we invest time and effort in order to grasp precisely what our<br />

clients require while also offering insights into our own capabilities.<br />

This collaborative dialogue ensures that together, we find the bestfit<br />

solutions that align with their goals and objectives. But our<br />

commitment to our clients certainly doesn’t end with implementation.<br />

We recognise the importance of ongoing communication and<br />

feedback. That’s why we hold regular review meetings at all levels<br />

to keep track of our progress, addressing any challenges promptly<br />

and realigning our strategies when needed. This continuous dialogue<br />

allows us to stay responsive to our clients’ evolving needs and ensures<br />

that we’re always on the same page, working together towards<br />

success.<br />

In addition to proactive communication, we also provide direct access<br />

to our claims team, offering multiple channels for escalation. We<br />

understand that timely support is crucial for our clients, so whether<br />

they prefer email, telephone, or any other means of communication,<br />

we’re there to assist them swiftly.<br />

Moreover, we go beyond simple service delivery in order to provide<br />

actionable insights that empower our clients to make informed<br />

decisions. Our bespoke management information reports are<br />

tailored to each client’s requirements, offering valuable analytics and<br />

performance metrics. These reports serve as strategic tools, enabling<br />

our clients to monitor progress, identify trends, and drive informed<br />

decision-making. By aligning these insights with agreed-upon key<br />

metrics, we demonstrate our dedication to helping our clients achieve<br />

their business objectives.<br />

Ultimately, we aim to be more than just service providers, striving to be<br />

trusted advisors and partners to our clients. As experts in our field, we<br />

not only solve day-to-day challenges but also provide strategic advice<br />

and insights that add value to their business decisions.<br />

By consistently delivering on this promise, we solidify our reputation<br />

as trusted partners who are invested in our clients’ success. At EDAM,<br />

building stronger and better client relationships isn’t just a goal—it’s<br />

our commitment, and we’re dedicated to making it a reality.<br />

Darren Entwistle,<br />

Head of Commercial and Supply Chain, EDAM Group<br />

An Open Door, Open<br />

Book Approach<br />

At The Vella Group, we strive to develop and nurture<br />

deep relationships with our clients by engaging<br />

across multiple levels and departments of their<br />

organisation. In the case of an insurer relationship,<br />

this would include getting our teams to build ongoing<br />

relationships with colleagues in claims, network,<br />

engineering and supply chain, as well as within<br />

sustainability, customer insight, fraud, and even<br />

underwriting teams.<br />

We operate with an open door, open book approach, inviting clients<br />

(and prospective clients) into our business and site locations in order<br />

to encourage an understanding of the current and future challenges<br />

in areas such as technology, people, and margins – all from the<br />

repairer’s perspective. We are always keen to help the industry gain a<br />

wider perspective of the overall customer journey, particularly those<br />

without any experience of the repair process.<br />

In addition, we’ll regularly share data relating to inflationary pressures<br />

and other emerging trends, so that we can be recognised as a<br />

thought leader and trusted business adviser in as many areas as<br />

possible. We also like to put ourselves forward for any opportunities<br />

to work on new initiatives with clients, allowing us both to test and<br />

learn new ways of working. Most recently, we have been involved in<br />

shaping and implementing a new environmental repair standard that<br />

has now been rolled out across an insurer’s network.<br />

We also feel it is critical to understand our clients’ own challenges and<br />

strategic plans, with vehicle technology and ESG being particularly<br />

current hot topics. Clients are very keen to understand the dynamics<br />

brought about by the emergence of new powertrains (mainly EVs) and<br />

new vehicle manufacturers, as well as wanting to see what we’re up to<br />

in our transition to a more sustainable and diverse business.<br />

We recognise that it’s important for clients to have clearly<br />

documented and accurate evidence of what we’re currently seeing,<br />

predicting, and implementing, offering reliable information that they<br />

can share back with their internal stakeholders. For this reason, we<br />

have also strengthened our marketing and communications team to<br />

help us improve the way we communicate our business developments<br />

and successes directly with the wider market.<br />

At both operational and strategic levels, we encourage a regular<br />

meeting rhythm which allows the two-way sharing of information and<br />

the prompt resolution of any issues. We will always close the feedback<br />

loop with an honest appraisal of the root cause of an issue, which has<br />

helped to create a solid reputation based on trust and transparency.<br />

With so many exciting market dynamics emerging, it’s vitally<br />

important to develop wide-ranging cross-functional relationships with<br />

clients, to be at the forefront of any growth opportunities and to allow<br />

long-term partnerships to fully prosper.<br />

Tom Hadfield,<br />

Commercial Director, The Vella Group<br />

MODERN INSURANCE | 25

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