Discover this podcast and so much more

Podcasts are free to enjoy without a subscription. We also offer ebooks, audiobooks, and so much more for just $11.99/month.

S4 EP21: Innovation, courage and creating psychological safety - with Erica Wood, Chief People Officer, Cover Whale

S4 EP21: Innovation, courage and creating psychological safety - with Erica Wood, Chief People Officer, Cover Whale

FromThe Insurance Coffee House


S4 EP21: Innovation, courage and creating psychological safety - with Erica Wood, Chief People Officer, Cover Whale

FromThe Insurance Coffee House

ratings:
Length:
33 minutes
Released:
Aug 8, 2023
Format:
Podcast episode

Description

“We have incredible people across the organization at all levels and it matters that the leadership really cultivates the kind of space where people can say, ‘I didn't actually like the way you spoke to me. I want to work through this’. This is going to happen, it's an insure-tech, the two are different, trying to hold hands and partner. If you don't feel safe, you're not going to get the best out of our people.”Erica discusses her career progression route and fascination with organizational psychology and her first meeting with Cover Whale President, Kevin Abramson. “It takes one conversation to get a sense of the culture of a company. And in that conversation, the rapport was there. Kevin is refreshingly transparent. He's very direct, very clear. What you see is what you get and I really felt drawn to that.”Headquartered in New York City with an office in California and team spread across the US, Cover Whale has grown rapidly to over 120 team members and surpassed $500m in premiums.“Our raison d’etre is safety, safety, safety, using technology to make the world safer And our loss ratios are very low, very low in the 50s.”Erica highlights how the business is investing in talent through Learning Labs & Cover Whale University and the scientific approach to the interview process. "We've talked about interviewing, not just what to ask, but how to ask and how to really engage somebody authentically because anybody can have a very standard answer."The implications of becoming excellent at interviewing, that goes into coaching, into insatiable curiosity and building the kind of culture where people feel safe and they feel a sense of belonging.”She shares her advice for hiring exceptional talent and encourages senior candidates coming for interview to be able to share sophisticated ideas clearly. “Gen Z are going to be dominating the workforce in the next 10, 15, 20 years. So, how do you engage with a diverse workforce and have them understand sophisticated ideas in layman's terms and how do you convey your world in a cogent way.”Erica emphasizes the importance of communication, staying connected and having fun as the business continues to scale rapidly as well as creating an open culture, where people can speak candidly. “You do want some tension and debate. Our senior leadership don't just allow it like they partake and encourage it. It creates a richness of ideas.”Connect with Erica Wood on LinkedIn, find out more about Cover Whale or the latest job opportunities, email hr@coverwhale.comThe Insurance Coffee House Podcast is hosted by Nick Hoadley, CEO, Insurance Search, the Executive Search Consultancy for growing Insurance and Insurtech businesses around the globe.To discuss identifying & attracting the very best talent to your team or being a podcast guest, reach out to Nick via nick.hoadley@insurance-search.com Copyright Insurance Search 2023 – All Rights Reserved.  
Released:
Aug 8, 2023
Format:
Podcast episode

Titles in the series (100)

The weekly Insurance Coffee House Podcast series is the place where you’ll be inspired by some of the most successful insurance business leaders on the planet. With each guest asked the same set of ten questions you’ll understand the recurring patterns and traits that make them successful. Covering morning routines, favourite success quotes and how they overcame their largest setbacks, they’ll give a personal insight in to what it takes to be a successful insurance business leader. This podcast will suit senior executives from inside the insurance industry and ambitious insurance business leaders of the future, giving you practical management tips and advice to help you achieve your career ambitions. The show is hosted by Nick Hoadley, CEO of leading international insurance executive search firm, Insurance Search. If you would like to contact Nick about the podcast or to discuss any executive search assignments, please email info@insurance-search.co.uk or call (+44) 203 9488 501