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Claiming Resilience in the Insurance Industry with Kristi Fox

IN-the-Know

Release Date: 05/29/2024

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Kristine A. Fox, CPCU, AIC-M, ARM, AIC, API, AINS, SCLA-Gold, is the Midwest regional claims manager for the Property Americas Division of Sedgwick, where she organizes deployment of field resources and oversees client accounts. Fox has over 20 years of experience in property-casualty claims, ranging from homeowners and auto losses to general liability, and has also supervised commercial trucking liability claims. She is a past president of the Omaha CPCU Society Chapter. In this episode of the In The Know podcast, Chris Hampshire and Kristi discuss all things claims, from the onset of Kristi’s career to the future of claims, how she has pivoted to become an engaging resilience speaker in the industry, and how to more effectively attract talent to the claims space.

 

Key Takeaways

 

  • A help-wanted ad evolved into Kristi’s 20-plus-year career in insurance.

  • The helpful aspects of the insurance industry that first appealed to Kristi.

  • Kristi’s message of caution and encouragement for anyone who is considering a career in claims.

  • The evolution of training tactics in the industry.

  • Offerings that currently have the biggest impact in the claims space.

  • Major technology initiatives that are enhancing the claims experience.

  • Defining resilience as a critical component of the insurance industry.

  • Claims handling and adjuster expectations as they have evolved over the years.

  • The impact of involvement in the CPCU Society on Kristi’s career.

  • A five-year look at the future of the insurance industry.

  • Kristi’s long-view advice to her early career self.

 

Quotes

  • “What a lot of people don’t think about with insurance is that we are in a helping world.”

  • “I know that I’m having a positive impact on people and helping them through something really difficult.”

  • “There is a place for technology, and the more we can utilize it in the right ways, we’ll become more efficient, but there is still the human component that is going to be needed.”

  • “I’ve really appreciated the consistent focus on growing, developing, and learning as our careers progressed.”

  • “The human component is still going to be essential in the future of the industry.”