Episode description

Welcome to the latest edition of the Leadership in Insurance Podcast. In this episode, I was lucky enough to be joined by Peter Clarke.

Peter is CEO and Founder of Insurecore. Insurercore is a professional networking site exclusively for Insurance practitioners helping improve the market's inefficiencies and encourage networking in a more professional context.   

In this episode, we talk about:  

• Micro-social media networking sites and why Linkedin isn't fit for purpose. 
• How a social networking site doesn't replace face to face meetings but enhances the relationship 
• How the pandemic and increased working from home has enhanced the need for social media 
• Why Insurercore couldn't have been built by someone from outside the market  
• The nuances of the market and the knowledge aren't being shared - a network is a way of doing that 
• Peter selling his house to launch a start-up when he had just been promoted! 
• The challenge of launching a platform - chicken and egg 
• Your assumptions aren't always correct - the audience dictates how they like to use it 
• The democratization of opportunity - the importance of enhanced networking within that 
• Better networks mean more business 
• Culture biggest prohibitor of change in Insurance 
• The cost base of Lloyd's shows how resistant to change the market is - it hasn't changed for 50 years 
• Technology should enhance the best parts of insurance Innovation is challenging everything you do - even your scanning! 
• By the time you "earn the right" to have your say you are often indoctrinated into the insurance market - this inhibits change 
• Fail fast isn't useful unless you are learning and find out why you fail! 
• Getting feedback from clients is key to success BUT... they are not always right! 
• The secret to successful change - keep trying new things 
• Training on systems - shouldn't they be intuitive enough? 
• Using platforms vs fully utilizing platforms 
• The importance of non-execs - filling the gaps in your knowledge  

Thanks so much to Peter for being a great guest  

This podcast was brought to you by FinPro an executive recruitment business that works in the Insurance and Instech space   

Our host is FinPro Director, Alex Bond.

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