The LiiP S1, E17: Peter Clarke, CEO and Founder, Insurercore
Updated: Mar 1
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
Our host is FinPro Director, Alex Bond.
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