| To help us with this task, Circuit chatted with Teresa Cates, Senior Underwriting Product Consultant and mom to triplets. Since she's used to dealing in threes, we asked her to pull out three reasons why the Construction/Contractors campaign is as essential to EMC as turkey is to Thanksgiving. Here's what she said: | | We’re taking charge of the type of business we want to engage in by defining and refining what’s on our books. This means we’re making strategic decisions on certain classes to ensure EMC maintains a healthy loss ratio. And to bring agents along, we spiced up our appetite guide with a color-coded chart to help them visualize our appetite by class, including the 50+ we’re actively pursuing (which trumps the number of calories in a grande Starbucks cold brew with cold foam by ten). - ✔ Green: Our bread and butter; we’re hungry for it
- ? Yellow: Like a cinnamon roll with chili, we’ll consider it
- X Red: Like microwaving fish in the office, we avoid it
Additionally, we developed a comprehensive 120-page internal appetite guide, providing underwriters with valuable insights to help them make more informed profitable growth decisions that protect our company’s financial well-being. | | This segment has already proven to be a profitable venture for EMC. However, our primary focus here is to carefully shape our appetite within this sector, laying the foundation for even more robust and profitable growth. This is the golden ticket to more zeros in your One EMC bonus, which can help you fund that dream vacation to see the Space Needle (4.6 Google review rating, by the way—compared to our claims services at a 4.7). | | Literally, construction is the biggest segment for EMC. If Taylor Swift had a dollar for every Instagram follower, she’d still be $211 million short of matching EMC’s 2022 written premium in the construction/contractor segment, which was $485M. That means our success in this area directly impacts our overall company strategy and goal of 2.5 by 2025. So, are you convinced? 😉 |
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