2007 how did we do…
DESCRIPTION
2007 How Did We Do…. 2007 New Premium. 2007 Total DWP. 2007 Assets Under MGMT. $17,500,000. 2007 Loss Ratio. 47.1% $15,750,000 – profit sent to Columbus. $55,000,000 – profit sent to Columbus since 2002. 2007 Growth. What Great People Can Do Together. 2008 Plan. 2008 New Premium. - PowerPoint PPT PresentationTRANSCRIPT
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2007 2007 How Did We Do…How Did We Do…
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2007 New Premium2007 New Premium
NW P&C: $7,503,176
➡Personal Lines:$6,432,54
5
➡Commercial Lines:$1,070,63
1Brokered: $2,120,344
Flood: $463,505Life: $292,617Financial: $2,528,202Pensions: $968,022
TOTAL NEW PREMIUM:$13,875,73
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2007 Total DWP2007 Total DWP
ActualNW P&C Premium: $29,681,424Brokered Premium:
$4,153,349
Flood Premium: $1,175,448Life Premium: $292,617Financial Premium:
$2,528,202
Pensions: $968,022TOTAL DWP: $38,775,028
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2007 Assets Under 2007 Assets Under MGMTMGMT
$17,500,000
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2007 Loss Ratio2007 Loss Ratio47.1%
$15,750,000 – profit sent to Columbus
$55,000,000 – profit sent to Columbus since 2002
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2007 Growth2007 Growth
2006 DWP 2007 DWP GROWTH
NW P&C Premium:
$21,457,148
$29,681,42438.32
%Brokered Premium:
$3,448,566 $4,153,34920.43
%Financial Premium:
$1,639,896 $2,528,20254.17
%
Pensions: $324,298 $968,022198.5
%
Flood Premium: $837,340 $1,175,44840.78
%Life Premium: $101,226 $292,617 189%
TOTAL DWP:$27,898,47
4$38,775,028
38.97%
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What Great People Can Do What Great People Can Do TogetherTogether
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2008 Plan2008 Plan
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2008 New Premium2008 New Premium
NW P&C:$11,866,99
1➡Personal Lines: $10,324,475➡Commercial Lines: $1,542,516
Brokered: $1,550,779Flood: $1,075,608Life: $264,509Financial: $2,400,000Pensions: $1,500,000
TOTAL NEW PREMIUM:$18,657,88
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2008 Total Premium2008 Total Premium
NW P&C:$36,581,57
3Brokered: $4,641,096Flood: $1,960,194Life: $264,509Financial: $2,400,000Pensions: $1,500,000
TOTAL PREMIUM:$47,347,37
222% Growth22 Million Pesos in Assets Under
Management
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2008 Total Premium2008 Total Premium
NW P&C:$36,581,57
3Brokered: $4,641,096Flood: $1,960,194Life: $264,509Financial: $2,400,000Pensions: $1,500,000
TOTAL PREMIUM:$47,347,37
222% Growth22 Million Dollars in Assets Under
Management
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It’s Just One Mistake Right?
• 1 Remittance Math Error1 Remittance Math Error
• On 26 ReportsOn 26 Reports
• Over 20 Days Over 20 Days
• Throughout 12 MonthsThroughout 12 Months
• Equals 6240 MistakesEquals 6240 Mistakes
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Escalation Curve
0
7500
15000
22500
30000
1993
1998
2000
2005
2008
2010
2015
Mistakes can Destroy a Business
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It’s Just One Mistake Right?
• 1 File Error1 File Error
• On 5 FilesOn 5 Files
• At 26 OfficesAt 26 Offices
• Over 52 Weeks Over 52 Weeks
• Equals 6760 Missing PapersEquals 6760 Missing Papers
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Escalation Curve
0
7500
15000
22500
30000
1993
1998
2000
2005
2008
2010
2015
Mistakes can Destroy a Business
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It’s Just One Mistake Right?
• 1 Unanswered Underwriting E-mail1 Unanswered Underwriting E-mail
• On 250 Policies Per Week On 250 Policies Per Week
• Over 52 Weeks Over 52 Weeks
• Equals 13,000 Equals 13,000
•Potential RejectionsPotential Rejections
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Escalation Curve
0
37500
75000
112500
150000
Mistakes can Destroy a Business
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It’s Just One Mistake Right?
• 1 Wrong Phone Number1 Wrong Phone Number
• On 88 Employees Contacts per day On 88 Employees Contacts per day
• Over 261 Working Days Over 261 Working Days
• Equals 22,968 Wrong NumbersEquals 22,968 Wrong Numbers
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Escalation Curve
0
37500
75000
112500
150000
Mistakes can Destroy a Business
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Escalation Curves• What Do They Tell Us?
• Do You Really See What’s Happening?
• Does This Information Disturb you?
• Do You See Why We Have To Take Action Now?
• Do You See Why the Theme for 2008 is Passage to Perfection?
• If You Look At This In An Objective State of Mind, Take All The Emotion Away, All Of Our Accolades And All Of Our Success, Your Answer Still Has To Be Yes.
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Reality Says• We Must Take The Passage to Perfection
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What is the Passage to Perfection
??
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Passage to PerfectionPassage to Perfection
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Passage to PerfectionPassage to Perfection
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Passage to PerfectionPassage to Perfection
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Passage to PerfectionPassage to Perfection
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Passage to PerfectionPassage to Perfection
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Passage to PerfectionPassage to Perfection
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Passage to PerfectionPassage to Perfection
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Passage • Passage - pas·sage • Pronunciation:
–\ˈpa-sij\ • Function:
–noun • Date:
•13th century • a: the action or process of passing from one place, condition, or stage to another.
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Perfection• Perfection - per·fec·tion • Pronunciation:
– \pər-ˈfek-shən\ • Function:
– noun • Etymology:
•Middle English perfeccioun, from Anglo-French perfection, from Latin perfection-, perfectio, from perficere
• Date: •13th century
• 1: the quality or state of being perfect: as a: freedom from fault or defect : flawlessness , an unsurpassable degree of accuracy or excellence, the act or process of perfecting
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Passage to Perfection
• A continuous willingness to embrace the process of passing from your current condition, or stage to a state of being free from fault or defect with an unsurpassable degree of accuracy and excellence.
Attitude
Excellence
Accuracy
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Is Perfection Possible?• You’ve heard them all!
• Perfection is Impossible.
• Better a diamond with a flaw than a pebble without. ~Confucius
• Have no fear of perfection - you'll never reach it. ~Salvador Dali
• Striving for excellence motivates you; striving for perfection is demoralizing. ~Harriet Braiker
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Perfection is Possible
• Subjective:
• Most people look at perfection in a subjective state of mind, which means that they are using their personal views past experience and background to measure perfection. Through these eyes there is never a perfect person, painting, movie, book, etc.
•
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Perfection is Possible
• Objective
• If you view perfection from an objective state of mind, you are looking at facts or conditions as perceived without distortion by personal feelings, prejudices, or interpretations, then perfection is possible.
•
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Perfection is Possible
Perfect CirclePerfect Circle
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Perfection is Possible
Perfect TrianglePerfect Triangle
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Perfection is Possible
Perfect SquarePerfect Square
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Perfection is PossiblePerfect Score
10
100
300
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Perfection is PossiblePerfect Season
1972 Dolphins17 - 0 - 0
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Perfection is Possible
Perfect Attendance
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Perfection is PossiblePerfect Process
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Perfection is Possible
Perfect Remittance
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Perfection is Possible
Perfect Quote
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Perfection is Possible
Perfect File
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Perfection is Possible
Perfect Greeting
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Perfection is Possible
Perfect Goodbye
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Perfect Change Request
Perfection is Possible
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Perfect Contact Notes
Perfection is Possible
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Perfect Warning Call
Perfection is Possible
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Perfect PSE
Perfection is Possible
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Perfect Underwriting
Perfection is Possible
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Escalation Curve
0
7500
15000
22500
30000
1993
1998
2000
2005
2008
2010
2015
Mistakes can Destroy a Business
What do they tell us?
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Perfection is:
Mission Critical
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How do you achieve Perfection?
Attitude
Excellence
Accuracy
Through the Rites of Passage
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Rites of Passage
Attitude
Excellence
Accuracy
Your state of mind or feeling
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AttitudeTo Begin Through the Passage
• How You Act
• How You Behave
• Driven By
• Internal
• Perception of value
• Perception of worth
• External
• Appreciation
• Recognition
• Positive Attitude Drives Accuracy
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Attitude
Excellence
Accuracy
Your Precision and Exactness
Rites of Passage
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AccuracyThe First Steps Down The
Passage• Follow Process!• Care About Work Product• Understand Role
• Self• Work Process
• Willingness to:• Learn• Improve• Grow
• Accuracy Drives Excellence
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Attitude
Excellence
Accuracy
Your state of quality and condition of excelling
Rites of Passage
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ExcellencePropels you on the Journey
to Perfection•Understand What You Do•Understand Why You Do It•Learn From Mistakes•Learn From Others•Continuously Improve Processes•Practice•Never Settle•Persevere•Know What You Do Matters•Excellence Drives a Positive Attitude
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The Passage to Perfection
Attitude
Excellence
Accuracy
Is a Never Ending Cycle
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OUR ROLE IN THE PASSAGE TO PERFECTION
• Own your attitude and the attitude of your office• Hire for skills and attitude• Have processes documented• Embrace change• Train people to know what to do and why they do
it• Solicit input for process improvement• Measure and monitor results• Recognize excellence, recognize perfection• Celebrate both excellence and performance• Constantly invest in the drivers of attitude,
accuracy, and excellence
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• We can do this!•We can do this!!•We can do this!!!
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Take the Passage to:• Increased Employee Moral• Better Company Relationships• Reduced Frustration• Lower Service Center Fees• Higher Revenue per Customer• Higher Retention • Reduced Work Load• Increased Sales• Increased Profit• Higher Employee Compensation • Higher Customer Satisfaction• Higher Referral Rates• Fewer Complaints
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Sign thePerfection Pledge
Take the First Step Through the Passage to Perfection
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Enjoy Your Stay