Atlanta Community Food Bank’s Post

🌟 Our Conversation with Michael Der Manouel, Jr. from HUB International 🌟 In our latest blog post, Mike Der Manouel states "Self-insurance has played a big role in providing businesses with a stable and predictable method of financing their risk." He also highlights how this approach is not just about saving costs but is integral to strategic business planning, making it an essential consideration for every forward-thinking business leader. Read more here: https://lnkd.in/d8CKaPm4 #SelfInsurance #WorkersCompensation #RiskManagement #BusinessStrategy #InsuranceTrends #HubInternational #CRMBC

Check out my recent conversation with Michael Der Manouel, Jr. from HUB International . We talked about the strategic benefits of self-insurance, and he highlighted how self-insurance provides businesses with a stable and predictable method of financing their risk. This approach is integral to strategic business planning and essential for any forward-thinking business leader.

🌍 Celebrating the best in insurance leadership! Insurance Business’ Global 100 list for 2024 honors professionals who are reshaping the industry with their visionary leadership and unwavering dedication. Discover the difference makers who are setting new standards and driving innovation in insurance worldwide. https://hubs.ly/Q02GC9Vk0 #InsuranceLeadership #Global100 #InsuranceIndustry #Innovation

🌍 Celebrating the best in insurance leadership! Insurance Business’ Global 100 list for 2024 honors professionals who are reshaping the industry with their visionary leadership and unwavering dedication. Discover the difference makers who are setting new standards and driving innovation in insurance worldwide. https://hubs.la/Q02HGW9C0 #InsuranceLeadership #Global100 #InsuranceIndustry #Innovation

During stressful times, even the most capable leaders can make decisions that are not in the best interest of their companies. This is especially true for CEOs, who often face conflicting pressures and demands. These pressures can lead to poor choices, such as ill-advised stock buybacks. These cost-cutting measures are poorly thought out, or even more severe missteps like engaging in creative accounting or outright illegal activities. Companies like Nokia, GE, and IBM have all faced significant challenges due to such crises. However, a proactive and engaged board can act as a strong defence against these issues. The case of Nord Com illustrates the high cost of a disengaged board and how a newly appointed diverse board led a thorough investigation and strategic overhaul to restore the company's integrity. The new board chair was crucial in facilitating well-informed decisions and aligning the company's strategic direction. The example underscores the immense value of a well-engaged board in providing support and expertise to navigate strategic challenges and prevent crises. An effective board brings a high-level perspective and an outside-in view, essential for navigating complex business landscapes. Directors must devote substantial time and energy to monitoring and reflecting on management’s actions, ensuring that strategic decisions are well-grounded and forward-looking. Setting a new strategic direction involves accurately defining the company's challenges and understanding its core business model. Boards, with their wealth of experience, are well-positioned to sense dynamic external conditions and envision new possibilities. By extending their engagement beyond the CEO to other managers and specialists, boards can better understand the company’s strategic assets. This shared exercise in setting strategic direction can significantly enhance corporate outcomes, driving sustainable growth and resilience. I suggest reading INSEAD's article "Your Board is Your Best Insurance Against Turbulence" by Yves Doz and Keeley Wilson #Board #NonExecutiveDirectors #Strategy

Don’t miss our next panel on effective knowledge transfer in the insurance industry! Hear from industry leaders like Ashley Karg MBA, ARM, CPCU of McGill and Partners, Jen Klobnak of RLI Insurance Company Group, Beth Marsh of COUNTRY Financial®, and moderated by Leanne Berry of Vantage Risk Companies, on how their organizations successfully safeguard and pass on invaluable industry knowledge. Gain insights into practical strategies for effective knowledge transfer. Learn more here: https://hubs.la/Q02x-wm80 #IBWomenInInsurance #Insurance #Leadership #InsuranceIndustry

Leaders Special Recognition Award Winner! It was an honour to be presented with the Leaders Special Recognition Award at the annual Fidelius Group conference. I would like to take this opportunity to express my gratitude to my colleagues for their unwavering support in helping deliver great client outcomes at Fidelius Group. Jim Grant Ian Fowler Duncan McKillop Steve Skelding Samantha Hay Richard Armstrong APFS Chris Phipson Fidelius Group Chartered Insurance Institute #wealthmanagement #financialservices #financialplanning #investmentmanagement #business #networking #businessnetworking

In light of the FCA's recent survey request to Insurance Intermediaries and its dedicated efforts towards enforcing Consumer Duty, the spotlight on culture has never been brighter. As such, demonstrating your organisation's tone at the top has emerged as a critical regulatory expectation. Our Board Effectiveness reviews not only identify your strengths but also identify your opportunities to improve, and help actively demonstrate your commitment to improvement and provide an insight to the overall quality of your board dynamics and governance framework. Leveraging our expertise, alongside the powerful insights from Peter Wall of Amicus Ltd, we can help you add a new layer of depth to your reporting, help your leadership team develop, and demonstrate your commitment to improvement. Ewen Fleming Johnston Carmichael Chartered Accountants and Business Advisers #BoardEffectiveness #governance #consumerduty #fca

In this short read learn about the story of Jack Lockton. A man who built the greatest insurance brokerage company our industry has ever seen and how he did it. If you enjoy learning about successfully run privately held organizations this read is for you. #locktonlife

Is your business at a crossroads in the current commercial property market? Join Marsh McLennan Agency's webinar on April 17 at Noon, CT and gain valuable knowledge from top industry leaders. #Property #InsuranceTrends