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Modern Insurance Magazine Issue 62

This issue features... Insight: A Guide to the New Consumer Duty, with Branko Bjelobaba, FCII Interview: Doing the Right Thing, with Matt Brewis, Financial Conduct Authority (FCA) Interview: A New Consumer Freedom, with Sam Richardson, Which? Money 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 Just a Thought with Eddie Longworth... Suppliers Must Also Deliver Consumer Duty Obligations Consumer Intelligence: Avoiding Consumer Harm in the Consumer Duty Age Modern Claims Awards 2024: Meet the Judges EDAM Group: Meet the Company, 'Internal Satisfaction Informs Customer Satisfaction at EDAM Group' Dive In Festival: Dive In's 'Below the Surface' Event Shines a Light on Insurance Industry's Diversity and Inclusion Challenges Thinking Upside Down: Consumer Duty: An Illusion?? with Michael Lewis, CEO, Claim Technology I Love Claims / ARC 360: The Unintended Consequences of Consumer Duty Europcar: Can the Insurance Sector Help to Accelerate the Adoption of EV? with James Roberts, Head of Insurance Sales 10 Mins with… Ajay Mistry, Founder and Director, Gambit Partners, & Co-Founder and Co-Chair, iCAN (The Insurance Cultural Awareness Network) Insur.Tech.Talk - Interviews with Farooq Sheikh, Global Head of Insurance at Unqork; Brent Williams, Founder and CEO at Benekiva; Juan Mazzini, Head of Insurance Practice APAC, EMEA, LATAM at Celent; Meredith Barnes-Cook, Partner at ReSource Pro Consulting; and Ron Rock, Managing Director - Financial Services at JobsOhio Insur.Tech.Talk Editorial Board - Experts from within the insurtech sector and beyond join us once more to share their unique insights!

This issue features...

Insight: A Guide to the New Consumer Duty, with Branko Bjelobaba, FCII
Interview: Doing the Right Thing, with Matt Brewis, Financial Conduct Authority (FCA)
Interview: A New Consumer Freedom, with Sam Richardson, Which? Money
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
Just a Thought with Eddie Longworth... Suppliers Must Also Deliver Consumer Duty Obligations
Consumer Intelligence: Avoiding Consumer Harm in the Consumer Duty Age
Modern Claims Awards 2024: Meet the Judges
EDAM Group: Meet the Company, 'Internal Satisfaction Informs Customer Satisfaction at EDAM Group'
Dive In Festival: Dive In's 'Below the Surface' Event Shines a Light on Insurance Industry's Diversity and Inclusion Challenges
Thinking Upside Down: Consumer Duty: An Illusion?? with Michael Lewis, CEO, Claim Technology
I Love Claims / ARC 360: The Unintended Consequences of Consumer Duty
Europcar: Can the Insurance Sector Help to Accelerate the Adoption of EV? with James Roberts, Head of Insurance Sales
10 Mins with… Ajay Mistry, Founder and Director, Gambit Partners, & Co-Founder and Co-Chair, iCAN (The Insurance Cultural Awareness Network)
Insur.Tech.Talk - Interviews with Farooq Sheikh, Global Head of Insurance at Unqork; Brent Williams, Founder and CEO at Benekiva; Juan Mazzini, Head of Insurance Practice APAC, EMEA, LATAM at Celent; Meredith Barnes-Cook, Partner at ReSource Pro Consulting; and Ron Rock, Managing Director - Financial Services at JobsOhio
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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FEATURES<br />

Meet the Company:<br />

Internal Satisfaction Informs Customer Satisfaction<br />

With staff satisfaction at an all-time high, EDAM have strengthened their internal culture<br />

in order to guarantee a top level of service and support for their customers.<br />

Post-accident management company EDAM have spent the last<br />

two years reshaping and transforming their business to provide<br />

a strong culture and platform for continued growth. With<br />

employee retention and engagement at an all-time high, the<br />

positive impact on growth and customer satisfaction has never<br />

been higher.<br />

Simon Gallimore, Chief Executive Officer, said, “We’ve really<br />

committed to improving our internal culture and creating a<br />

professional environment with a true family feel. When you<br />

give the best to your team, you receive the best for your<br />

customers. That’s never been more evident within our business.<br />

We are dedicated to maintaining a healthy internal culture, but<br />

now that we have laid the foundations, we can really define<br />

our company’s mission and enhance our proposition for our<br />

customers”.<br />

EDAM undertook a leadership feedback evaluation, inclusive of<br />

a trusted leader review. This review saw 92% of the EDAM team<br />

respond to say that they ‘trust their line manager’. It also found<br />

that over 90% of EDAM staff consider their leadership to be role<br />

models of EDAM’s values, and 93% felt their leader always acts<br />

with integrity.<br />

Simon continued, “This leadership feedback review<br />

demonstrates that our dedication has paid off. These are the<br />

highest scores I have known in my professional career – a real<br />

endorsement of our ‘people first’ approach. We’ve fostered a<br />

great culture of trust with our people, which is centred around<br />

the basic leadership principles of integrity, benevolence and<br />

ability. Overlaying this with our company values, which were<br />

created by our staff, we have created a truly winning culture”.<br />

EDAM’s dedication to their team goes deeper than leadership<br />

reviews. When Simon joined the business, he made a<br />

commitment to promote from within and has harnessed a<br />

‘grow your own’ strategy where internal talent is nurtured and<br />

recognised. Using the company’s ‘Learning Hub’ and leadership<br />

development programme, every employee has a clear career<br />

ladder that they can choose to follow. Internal movement<br />

across departments has never been higher, which allows us to<br />

retain knowledge within the business. There has only been one<br />

external leadership appointment into the business over the past<br />

two years, which is testament to the power of unlocking talent<br />

from within.<br />

Rebecca Chappell, Head of Human Resources, said, “The health<br />

and wellbeing of our staff is a priority. We are always looking at<br />

innovative ways to support our employees, such as ‘wellbeing<br />

days’ which allow time out of work to focus on personal<br />

wellbeing. We also encourage financial education sessions,<br />

which provide one-on-one access to a financial advisor, and<br />

volunteering days, which allow staff the opportunity to give<br />

back to their local community”.<br />

EDAM have recently restructured their team in order to<br />

provide a more customer centric approach to communications.<br />

Customers can now benefit from dedicated teams that<br />

will provide an end-to-end claims experience. In July 2023,<br />

the automotive sector began navigating Consumer Duty<br />

regulations, with EDAM’s new structure and engaged workforce<br />

playing a small part in their commitment to improving<br />

consumer relations.<br />

Their focus on internal satisfaction has seen the company’s<br />

Net Promoter Scores rise to a consistent 80% and above,<br />

demonstrating the stellar service that EDAM provide at every<br />

stage of the client’s journey. From research undertaken by<br />

EDAM to date, both from customers and the wider market,<br />

these internal changes have only served to enhance EDAM’s<br />

service proposition and growing reputation.<br />

About EDAM<br />

EDAM are a market leading accident management<br />

company providing end-to-end claims management<br />

for insurers, brokers, MGA’s and TPA’s. For over<br />

20 years, EDAM have built a reputation of trust,<br />

providing seamless partnerships and a connected<br />

community to support every aspect of the postaccident<br />

journey.<br />

EDAM have an owned fleet providing standard,<br />

prestige and commercial vehicles to customers,<br />

and a nationwide repair network that allows them<br />

to provide mobility and repair solutions.<br />

Everyone at EDAM shares the same collective<br />

passion for service excellence. They continuously<br />

grow together, improving systems, services<br />

and process to deliver best in class accident<br />

management services, providing certainty during<br />

uncertain times.<br />

MODERN INSURANCE | 45

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