Philip Adams’ Post

When I was let go from my last position, I sat in a room with my boss and upper management, and they asked, "Aren't you relieved?"… Naturally, I found that laughable. I had begged my last employer for the chance to sell for years. As the newest team member, I worked tirelessly to improve internal processes and foster a sense of “team” that was lacking both before my arrival and after my departure. From the first interview, I was honest and realistic about my goals and aspirations. Sadly, my passion was manipulated. I consistently arrived at work between 5:30 and 6:00 AM, while "Producers" would stroll in at 10:00. Working with their feet literally up on their desk, other team members inappropriately having relations in the office, and the company genuinely turning a blind eye to who truly cares.. 😬👍🏼 This contrast of priorities should have been a sign for me, but instead it motivated me to work hard and distinguish myself. My empathy enables me to connect with and genuinely care about my clients on a deeper level. This was difficult in an environment where my employer was focused solely on profits, even referring to themselves as literal "Profit Centers." I saw clients leave continuously because, unsurprisingly, they weren't oblivious. It's clear to business owners when a company is focused on the wrong things and prioritizes profits over genuine care. So yes, if you were curious, I am relieved. Now, I have the opportunity to work tirelessly for my clients, leading with my heart. I can prioritize their needs and those of their teams, proving my value through education, consultation, and genuine care. If you feel like your employee benefits broker views you and your team as just numbers on an end-of-year accounting sheet, rather than as a group of individuals needing guidance in the complex world of group insurance, I truly am here for YOU, lets chat 🫱🏽🫲🏾

Ever wondered what it's like to be an actuary? Our latest blog explores the diverse entry-level opportunities available to you. From insurance to consulting, learn how to launch your dream career as an actuary. 💻 Read the full blog here: https://lnkd.in/eHhpUAss #Actuarial #EntryLevelJobs #CareerDevelopment #InsuranceIndustry

🌟 Two Years of Transformation and Leadership at 1 Finance 🌟 Today marks an incredible milestone in my journey with 1 Finance as I celebrate two years as Vice President-Insurance Advisory. Reflecting on this journey fills me with pride, gratitude, and a deeper sense of responsibility towards the future we are building together. ✨ Accomplishments that Fuel Growth ✨ Over these two years, my focus has been on innovation, efficiency, and empowering our clients through technology. Highlights of our journey includes: -Insurance Advisory Engine: Transforming the way we advise and engage with our clients, setting a new standard in personalized insurance advice. -Scoring and Ranking Models: Revolutionizing Health and Term Insurance with data-driven insights, ensuring our clients make informed decisions. You can explore these here: https://lnkd.in/ds2EFyM8 https://lnkd.in/d-ZbpnED -Surrender Value Calculator & Commission Analyser: Enhancing our website with tools that provide immediate value and transparency to our clients, a testament to our commitment to their needs. https://lnkd.in/dNjKPTng -Knowledge Sharing: Contributing to our community through blogs, LinkedIn posts, and more, sharing insights, trends, and reflections that resonate with industry professionals and clients alike. https://lnkd.in/dCX_mFbh 💡 Leadership & Learning 💡 This journey has been as much about personal growth as it has been about professional achievements. True leadership is about nurturing a vision, empowering your team, and facing challenges with resilience and integrity. I am grateful for the learnings, the challenges overcome, and the opportunities to lead by example. Grateful to Keval Bhanushali (MLE℠) and Jeet Marwadi for this. As I look forward, I am excited about the paths we will carve, the innovations we will embrace, and the impact we will make in the insurance industry and personal finance space. Here's to continuous learning, leadership, and leaving a mark that inspires! A heartfelt thank you to my incredible team 1 Finance, our clients, and everyone who has been part of this journey. The best is yet to come!

Feeling like you need an extra push to make the most of your workday? Here are some tips to supercharge your productivity Start your day by identifying the most important tasks on your to-do list. Focus your energy on completing these tasks first to ensure you're making progress on your top priorities. Boost your efficiency, accomplish more, and achieve your goals with confidence! #ProductivityTips #tuesdayvibe #premierinsurancehousing #prpih #Adjuster #Adjusters #claimAdjuster #claimAdjusters #InsuranceAgent #InsuranceBroker #insuranceclaim #insuranceagency #InsuranceClaims #insuranceagents #insurancelife #insurancecompany #InsurancePolicy #insurancebrokers #insurancenews #insurancequotes #Insurance #PublicAdjuster #Claims #PublicAdjuster #InsuranceAdjuster #AdjusterMemes #PropertyClaims #homeinsuranceclaim

𝗔𝘀𝗸 𝗮𝗻 𝗮𝗰𝘁𝘂𝗮𝗿𝘆. While working at an insurance company, one of my more interesting discoveries was the actuary department.  A small group of folks whose work is vitally important but a mystery to me. I was acutely aware that they performed mathematical acrobatics I could never fathom, but I respected what they did. Their knowledge was vital in two instances. 𝗔𝗻𝗻𝘂𝗶𝘁𝗶𝗲𝘀. The company had a very popular fixed-rate annuity product.  I was included on the product management team. I viewed the annuity portfolio as a deposit portfolio at a bank. The most significant difference was the lifespan of the annuities was variable.  To understand the variables, I asked the actuary on the team.  She patiently explained the variables multiple times. I finally understood at an elementary level, and the team concluded that managing the whole portfolio like a deposit portfolio was advantageous. 𝗡𝗲𝘄 𝗯𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝗼𝗽𝗽𝗼𝗿𝘁𝘂𝗻𝗶𝘁𝘆. We were evaluating a new partnership that envisioned embedding insurance professionals in the stores of a huge discount chain. The concept was intriguing as the traffic of potential clients was astounding. third-party The third party who developed the concept provided models that showed very persuasive potential. However, our actuarial department discovered fatal flaws in the projections. Most of us who had looked at the projections missed the flaws. We did not invest in the venture. 𝗔𝘀𝗸 𝗮𝗻 𝗲𝘅𝗽𝗲𝗿𝘁. Despite only minimally understanding actuarial science, we listened to them. There are times when we need to ask an expert. We do not need to know everything they do or how they do it, but we must rely upon their expertise.

In a recent article with Authority Magazine, our Fred Tavan shared his definition of digital transformation and what it means in the life insurance space. Check out the full article here: https://lnkd.in/gSEvWz-6

𝗖𝗢𝗠𝗣𝗟𝗜𝗔𝗡𝗖𝗘 & 𝗣𝗥𝗢𝗖𝗘𝗦𝗦 𝗢𝗣𝗧𝗜𝗠𝗜𝗦𝗔𝗧𝗜𝗢𝗡 𝗪𝗜𝗧𝗛 𝗧𝗛𝗘 𝗜𝗡𝗦𝗨𝗥𝗔𝗡𝗖𝗘 𝗖𝗛𝗘𝗖𝗞-𝗜𝗡 Spending hours manually checking if people are insured? No need – with the Alicia Insurance Check-in. We recently launched this new compliance and process optimisation tool. Let’s take the example of a freelancer starting an assignment, to illustrate how it works: 1️⃣ A freelancer starts onboarding for their new assignment 2️⃣ The Insurance Check-in displays the coverage requirements, depending on the assignment 3️⃣ The freelancer answers a few questions within a few clicks and declares they meet said requirements 4️⃣ A certificate is made to confirm, and sent to all parties. ✅ Ready to start! Easy! And it works with any case in which being insured is a must. It makes for a much more efficient process for all parties, saving both time and money. Want to know more about the Check-in, or how it could help optimise your processes? Just give us a call. #insurtech #embeddedinsurance #insurance #compliance #freelanceonboarding #processoptimization #innovation

The German insurance market is one of Europe’s most robust and influential sectors, characterized by its long-standing history, technological advancements, and regulatory framework. In this article, we delve into the current trends and challenges shaping the landscape of the German insurance industry. #seostrategy  #seoservices  #offpageseo   #seolinkBuilding #onpageseo #guestposting  #linkbuilding  #onpageoptimization  #rankingonGoogle #contentwriting  #seocontentwriting   #technologywriter #blogwriting  #webwriting #freelancing  https://lnkd.in/dF_Q8TdB

The fallacy called business case. CX managers, service designers, everyone talks about "The Business Case." As if this is the missing link between where they are now and what they could all mean for the organization. I don't believe it, and here's why: 1️⃣ You can make any business case work in Excel beforehand, but rarely are they used afterwards to evaluate an investment. Organizations put in the effort to build a business case to justify a particular investment. They are full of assumptions about future costs and benefits. These are manipulated until the business case meets profitability requirements. Once the "go" is given, nobody ever looks back. Often, the business case is even ignored in the next budget round because countless other factors are cited as reasons why costs are still rising and revenue isn't. The investment effectively becomes a "sunk cost." 2️⃣ We lack the imagination to see the consequences of investing in new technology. New technology requires a new way of working and thinking. People are inherently bad at envisioning what that looks like. We have to literally experience it to gradually figure out what needs to be different. That's the human dimension. Business cases overestimate the effect on things we know (costs of a certain process) and underestimate the effects on things we don't know yet (like new skills and processes we need). Furthermore, there are often significant effects in the system that weren't expected at all. Such as the increase in demand that wasn't visible before because the barriers were too high. 3️⃣ Managers, directors, and executives are often just human. They decide based on their feelings and in people they believe in, rather than solely on rational facts. For example: I've seen people build impressive "comparators" in Excel to justify the choice of car insurance. Eventually, they sigh, "so I just made the decision in favor of the insurer that felt best overall." Reputation, trust, credibility, and the intuition of decision-makers play a bigger role than we sometimes think. 🎬 In conclusion: If you think that lack of support for your idea or initiative is due to the absence of a business case, then you should first question whether it's such a good idea. Talk about it, listen to the reservations your stakeholders raise, their doubts, and the things that aren't immediately said. Especially when you hear "they're not convinced by the business case." Because secretly, everyone knows that's a fallacy.

Choosing between term and whole life insurance can be confusing. Let’s break down the differences to help you make an informed decision. 🧐 The Problem: Understanding the nuances between term and whole life insurance is essential for selecting the right policy, but it can be overwhelming. 😵 The Solution: By comparing the key features of each type, you can determine which one best fits your needs and financial situation. ✅ Term Life Insurance: Pros: Lower premiums, flexible terms (10, 20, 30 years), straightforward coverage. Ideal for temporary needs. 💰 Cons: No cash value, coverage ends when the term expires. 🔚 Whole Life Insurance: Pros: Lifetime coverage, builds cash value, can be used as a financial resource. Ideal for long-term needs. 🌳 Cons: Higher premiums, more complex. 💸 Tips for Choosing the Right Policy: Assess Your Needs: If you need coverage for a specific period, like until your mortgage is paid off, term life might be best. For lifelong protection, consider whole life. 🏡 Evaluate Your Budget: Term life insurance is more affordable initially, while whole life insurance offers more benefits but at a higher initial cost. 💵 Consider Your Financial Goals: Whole life insurance can be part of your estate planning and financial strategy, offering more than just a death benefit. 🏦 By understanding these differences, you can choose the life insurance policy that best protects your family and fits your financial goals. 🌟 Get your copy of "The Benefits of Life Insurance" eBook here: https://lnkd.in/gX3b7n68 #lifeinsurance #insurance #financialplanning #protection #familyprotection #investmentplanning #retirementplanning #wealthmanagement #riskmanagement #insuranceagent #insurancebroker #financialadvisor #financialfreedom #legacy #estateplanning #lifeinsured #lifepolicies #termlife #wholelife #universallife #survivorbenefit #deathbenefit #premiums #underwriting #insurancecoverage #insuranceneeds #insurancequotes