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Career Growth and Development

Why MBAs should reconsider a career in insurance

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MBA

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Blog

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05/08/2020

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Sheli Miller (Bocconi 2015), International Pricing Manager, gave us her honest review of what we know everyone thinks when you say “insurance”. Sheli shares how that first thought, and a little research, has taken her down a career path she never thought “insurance” could provide."When I initially saw the advert for the Admiral MBA internship, I honestly didn’t consider it. It’s insurance, right? So, I assumed it wouldn’t be something that would interest me. A couple of weeks later I was speaking to an alum, and she said:‘Don’t dismiss anything! Don’t look at the field or the company - look at the job and what you will actually be doing.’I went back over the job ads and re-read Admiral’s and something clicked. I thought actually, I can do this, I would enjoy that, and that sounds amazing. At the end of the advert it said, ‘we also look for a sense of humor’, and I thought: ok, this is different! I started researching the company, and really liked everything I saw. I read about the company, the employees, the culture, the strategic opportunities, and challenges of the industry – one where you can really make a difference. All that, plus the job description, and Admiral became my first choice. Sheli Miller I sat down and wrote a cover letter of why I thought I was suitable. I was invited to an interview, which was followed up with a personal email to invite me through to the final stage video interview with senior managers. It’s now my 5-year anniversary with Admiral since joining on that summer internship!It was an amazing experience; I really enjoyed the company and the work, and I got to do things I wasn’t expecting. We did lots of networking events and ports of calls around the company. I really loved it and really hoped I could come back. On the very last day of my internship, I had an interview with David Stevens (Admiral Group CEO) for the full-time position of Business Development Manager (Future Leaders Program), and after a further video interview and completing my MBA I re-joined Admiral.After about a year Claire-Anne Coriat, who was at that point the Head of the MBA Program, suggested I try Pricing. I knew what Pricing did, but I had no idea what International Pricing Managers (IPMs) did. So, I spoke with Amit Chandra, who is a friend and an experienced IPM at Admiral, to help give me an idea of the role. I joined as an IPM initially for a 6-month trial, and then joined as a permanent IPM, in which time I have seen so much growth and change in this area.Each country in the Admiral Group has its own pricing department, and International Pricing initially started as a way to share pricing knowledge and expertise around the Group. Over time it’s also become about coordinating between our different countries. A Pricing Manager is usually very technical and International Pricing Managers bring a lot of experience from other industries and backgrounds. The IPM role requires both these aspects along with the ability to think commercially, take ownership of projects, and think strategically.One of my favorite projects really shows how you need to pull all these skills together; it was actually about windscreen claims. In the UK we barely look at them, because they account for such a tiny percentage of the loss ratio. But in some of our other countries, they account for as much as 5% of the loss ratio. I was asked to find out why!I had to speak to Pricing people in all our different countries, as well as Claims people to really understand how the claims are handled and what the commercial arrangements are. It turned out there were so many different factors driving the difference between the UK and our international operations, for example, the lower premiums in other countries affects the proportion of the windscreen claims. Some countries were also much better at handling windscreen claims from an operational perspective, so we learned a lot. This was a very analytical project, but also required talking to and working with many different people. The combination of these skills is what makes an IPM successful. Sheli Miller I never would have thought going into insurance could be so interesting, but my career to date with Admiral has given me great exposure to a variety of strategic projects and it's great having the autonomy to make decisions and drive your own career path. I would definitely recommend the MBA internship as well as the Future Leaders Program to any MBAs considering their next career move."

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Sheli Miller (Bocconi 2015), International Pricing Manager, gave us her honest review of what we know everyone thinks when you say “insurance”.

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Kat Gil Mast

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Kat Gil Mast

Kat Gil Mast

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Kat Gil Mast

MBA Mentoring Support at Admiral

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MBA

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Blog

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24/07/2020

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When we recruit MBAs we are looking for a handful of special individuals who are seeking a personalised experience that will give them the opportunities, challenges and freedom to explore. We believe mentoring should not but one set program, but it should be tailored to the needs of each individual that works with us. MBAs have the autonomy to make an impact and we are here to support you in an environment where you will ultimately be making the decisions in the projects you work on.Simon (INSEAD 2010) joined Admiral in 2019 on the Future Leaders Program. We spoke to him about the mentoring support he received as an experienced MBA through his first year before recently stepping into his new role as CFO of Admiral Pioneer. Mentoring support"I joined the Future Leaders Program with several years of post-MBA experience, so in my first few months, the main thing for me was to focus on doing my job well and not be micromanaged by an overbearing mentoring system. Marisja (Head of International Business Development and Investor Relations) did an incredible job tailoring her management style to my situation as someone who completed their MBA a few years before joining Admiral.What I needed, was support on very specific things, like help to unblock a particular issue, or just to bounce ideas off. I felt like it was very much led by me." I got all the support I needed, and none that I didn’t. And that was good. Simon Flynn Experience working with the CEO “In terms of learning from the CEO, it was one of the things I experienced in the first six months. David (Group CEO) had been invited to a meeting by an external company that wanted to partner with us, and he asked me to join him as he knew I was interested in this area.We went to the car park and jumped in his car and, whilst I was navigating on Google Maps, he drove us to this meeting about half an hour away. That was a really good experience - I was very impressed that even as a fairly new MBA employee at Admiral, I was on the CEO’s radar. The meeting itself was another fantastic opportunity to learn alongside the CEO. I don't know of many places where that happens quite so easily.” Feedback and progression  “As I was coming towards my one-year anniversary, I reached out to seven or eight leaders in the business to get some feedback. This included David (Group CEO) and Cristina (UK CEO), who agreed it had been a very successful year. I wanted to have an open chat about how I might make the next year even better and where I might be best placed to work in the future. I always found people very available for that kind of conversation, which I think is hugely valuable.” Support and a personalized experience  At Admiral, it is up to you make your own career, but you will be supported in an individualised way to make it happen. Simon Flynn "This is one thing that really does distinguish Admiral from other MBA programs: we think about the individual and tailor the experience to each person. That is different from some of the big consulting firms, where the programs are very set. Here, there's an option to say “You know what, I would love to go to Spain for a year to learn about claims!” for example.I have received a truly tailored experience; in my case, I didn't want any international projects, because I've spent so much time overseas in my career already. So, my preference was to stay in the UK, and that was listened to from the start, even going back to the recruitment process.All in all, I can thoroughly recommend the Future Leaders Program – both if you’re a recent MBA, but also if you have several years of post-MBA experience like me. It’s tailored to you and will allow you to build your own career path from the start."

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Connie  Hogg

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Connie Hogg

Connie  Hogg

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Connie Hogg

What does it take to be a great leader? - Henry Engelhardt (CEO Emeritus)

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MBA

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Blog

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17/07/2020

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We often hear how Henry Engelhardt, Founder and CEO emeritus, has inspired many people: both inside and outside the Admiral Group - whether that is from working with him closely, or from simply hearing one of his many memorable speeches. So, we wanted to share a small insight from a recent talk he gave at INSEAD in May 2020. "Admiral is moving into the future. Next year, Milena Mondini, will take up the reins of Admiral when she becomes CEO. It will be the first time in our history that we won’t be run by one of our founders. As we transition to this new era, we are looking for the next generation of leaders, business builders, and managers. We need people who are bright, hungry, intelligent, and decent. That’s why we keep coming back to recruit MBAs from some of the best business schools in the world. Milena needs the strongest people she can find to take Admiral to the next level. There are no barriers to what Admiral can achieve. There are no blinkers on what businesses we achieve it in. For those of you, who see Admiral as an Insurance company, I say: that's what we mostly do now. But the future? Who knows? We’re looking for people who can be great leaders, managers, business people, and people. We don’t really care what industry you’ve come from. In fact, in many regards, knowing little or nothing about insurance can be an advantage.    Whatever your experience, we’re looking for people who can take nothing and make something; we’re looking for people who make teams better; we’re looking for people who can inspire and motivate those around them; we’re looking for people who can grow into being great leaders. Why not you? So, what does it take to be a great leader and manager? One – make great decisions. This involves gathering and interrogating data.  Two different skills, both very important. It involves teamwork – the buck stops with all of us, not any single individual. The team, the team, the team. And, ultimately, it involves decisiveness. To make a great decision you must make a decision!Two – be great with people. This means understanding some of our simple philosophies, like "If people like what they do, they’ll do it better" – so we go out of our way to create a culture where people really like their jobs. It means understanding how important you are to the people you manage. Understanding how important little things, like saying good morning or goodnight, are. It means being a great communicator.  Three – be creative. This means you have to do things differently to succeed.  Something has to be different; either the offer to your customers, your product design, the way you manage the process, the way you get more energy from your people…something. Great managers are very creative: they push others to see opportunities and ideas that would normally get buried in a corporation. If you can be great at those three things you can be a great leader. But there’s no formula.  It’s not a recipe. If it was, we’d all just read it and become great leaders. It takes a lot of hard work. A lot of thought. And there is one special ingredient that is different in everyone’s recipe: you. We’re all different from each other and that means we all bring something special to the party.  I went to a good high school and did well, but not top of my class. I went to a good but not exclusive university. Again, I did well, but not top of my class. A few years later, I completed my MBA at INSEAD, one of the world’s leading business schools. I didn’t make the Dean’s List. What I’m trying to say is that I am not, by any means, extraordinary. So, if I can achieve what I’ve achieved, so can you!" 

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Henry Engelhardt, Founder and CEO emeritus, has inspired many people: both inside and outside the Admiral Group. So, we wanted to share a small insight from a recent talk he gave at INSEAD in May 2020.

Read on
Katharina  Gil Mast

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Katharina Gil Mast

Katharina  Gil Mast

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Katharina Gil Mast

Where can a career in Claims take me?

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Claims

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Blog

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16/07/2020

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Nick joined Admiral Claims back in 2015, since then, he has worked in Bodily Injury, Telematics, Claims Project Management Office and is currently a manager within the Claims People team. What is your role within Claims People? I’m a Claims People Manager, my role is managing Claims-wide initiatives for our staff to benefit from. I’ve recently been involved in a project around ‘Reward and Recognition’, it’s great looking at different ways we can recognise our staff for the hard work they do. Alongside this, I’ve been involved in improving our recruitment process and strategy, staff wellbeing and lots of other great initiatives. How did you get into your role and how does it differ from anything you’ve done before? I was working in Claims PMO (Project Management Office) when I read there was a new department being launched.  The new department would be centred around our ‘people’ and ways to improve things for them, so I jumped at the opportunity. I was working on something similar and it was the perfect opportunity.  This role differs from my previous roles in that all of our work is staff centric, it’s all about improving. From understanding how our staff are feeling, to helping them develop and grow within their careers, our department places their needs at the forefront of what we do and it’s brilliant to be a part of. We’re still only a year and a half in, but we’ve been able to make some really positive changes already and I’m excited for what’s to come.Favourite thing about your role?I love our team. We work closely together to manage the work we have. We’re incredibly fortunate to have years of experience on the team and there’s a real understanding of how things work and what matters most to people. I personally love seeing the end product of all our hard work. It’s not only rewarding but has a huge impact on the Claims function as a whole.Advice for anyone thinking of joining Admiral?Dive right in!  Accept every opportunity you’re presented with. Admiral is unique in its make-up and encourages you to push outside of your comfort zone and more importantly, get involved. In every department there is someone sharing experience and knowledge or willing to lend a hand. All you have to do is say yes!

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Kyle Meacock

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Kyle Meacock

Kyle Meacock

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Kyle Meacock

Louise shares the moments she’s most proud of during her short career here!

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Admiral Pioneer

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Blog

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15/07/2020

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Louise began her career, as many of us do, in the call centre. In November 2015, she joined us a New Business call handler, which was her first job after graduating. ‘‘I’d heard that Admiral was a good place to work, so decided it’d be a good place to do 6-months to tied me over before going travelling.’’‘’I enjoyed working and making money so much that after 6 months I decided that I’d stay and continuing working for Admiral.’’ After 9 months as a New Business call handler, I applied, and was successful in securing the Product Assistant role on the new CAT (car access) team, and whilst on the team I was offered to work on the rebrand of Admiral Learner Driver and Car Sharing Insurance (now Veygo). The team was such a small team that I got to be involved in a bit of everything; operations, marketing, product development, which was fantastic. The team kept growing and growing and it was lovely to watch become the success it is today. ''Around the time that we were about to launch the newly rebranded Veygo, my deferred placement on the grad scheme was approaching. It was difficult decision to make as we’d no idea if Veygo was going to be a success or not, so my decision to not go on the grad scheme was a risky one.''I realised that I already had a lot of the experiences that I would’ve gained through completing the grad scheme such as marketing, operations and product development. One of the main issues holding me back was the valuable training that the grad scheme offers that I’d be missing out on.''Talking through this with my manager, they offered to put me through the CIM Certificate which was great.''There have been opportunities after opportunities at Admiral. This July my role on the Veygo team has changed slightly in that I’m now a Business Development Executive and am training in, product development and learning how to code.''

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Jessica Sutton

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Jessica Sutton

Jessica Sutton

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Jessica Sutton