Personnel at If P&C
During 2014, several large personnel actions were taken to increase efficiencies and develop the business to better respond to the toughening competition. If P&C reorganized the Nordic commercial underwriting organization and the Finnish claims services, marketing and IT departments. The changes were made due to implementation of Nordic-wide IT systems, a decrease in claims volumes and remaining overlaps from the Tryg integration process.
In autumn 2014, the Private Sales and Services unit in Finland started a process to enhance the customer experience by centralizing customer center operations in Espoo and Turku. Some branch offices were closed in Finland due to a decrease in customer activity and geographical overlap in the service network. In Estonia, several branch offices have been closed as a result of more customers using e-channels. Increased sales efficiency focus and performance improvement activities have led to structural and personnel changes in the Estonian sales unit.
If P&C’s Personnel Strategy is Based on Four Focus Areas
Leadership the If way
The If Leadership model describes the cornerstones of a well-balanced leadership. If P&C’s leaders should have a high ambition level, be inquisitive and genuine. Setting demanding standards, constantly investigating customer needs and helping others to succeed are important building blocks to ensure good leadership.
Strengthened succession planning for Sampo Group was performed in spring 2014. Short and long-term succession is largely secured via internal candidates both in If P&C and for Sampo Group as a whole. A Future Leadership Program was run in 2014 to further enhance If P&C’s leadership provisioning. This program is a vehicle for recruiting and integrating external high potentials and preparing them for future leadership roles within If P&C.
Leadership Model If P&C
If Employeeship and Performance Culture
The If Employeeship model describes the mindset and behaviors needed to secure If P&C’s continuous success. The model emphasizes the employees’ responsibility for their own performance and development. It also focuses on the importance of a strong feedback culture in the company. Large-scale implementation of the Employeeship model has begun in 2014. If P&C invests in coaching for leaders in the organization. For example, every leader (approximately 50 persons) in Contact Center Private in Sweden undertook coaching during the spring of 2014.
Employeeship Model If P&C
Competence Development and Innovation
Having the most competent insurance professionals in the industry is an important building block in If P&C’s strategy. Competence development is thus highly prioritized. The company is developing easily accessible video courses to replace physical seminars and is complementing larger e-learning modules with shorter e-learning courses, to support, for example, the efficient introduction of new tools.
Examples of major efforts in 2014 are “The Modern Underwriter” and “The Modern Product Expert” training modules, aimed at improving the product and underwriting skills of If P&C’s 400 core professionals within these fields. In Norway, new national requirements for certification of employees servicing private customers have been introduced and If P&C has set up an internal training process for this purpose.
Right Person in the Right Place
In 2014, If P&C worked on several projects to strengthen the recruitment processes. Firstly, the company is increasingly focusing on evaluating the relevant characteristics when recruiting staff for different roles. Cultural suitability and motivation are also emphasized in recruitments. Secondly, the company has continued to develop processes to give new employees a seamless introduction to the company.
Personnel Cost Initiative
One of the competitive advantages of If P&C is to realize the synergies between Nordic and Baltic countries. In 2014, the company has accelerated its efforts within cross-border cooperation. For example, over 70 employees in the Baltics are performing tasks for the Nordic part of If P&C. In Gothenburg, over 30 persons are serving Norwegian customers, both with sales and service, and claims handling. Cross-border cooperation allows If P&C to optimize the localization of personnel based on availability of staff and cost-saving opportunities.
Number of Personnel If P&C, 2013–2014
|31 Dec 2014||31 Dec 2013|
|FTE||of which temporary employees||FTE||of which temporary employees|
Age Structure If P&C, 2014
Gender Structure (Managers and All Employees) If P&C, 2014
The gender structure of all employees in If P&C is even. Women make up 44.0 per cent of leaders and this figure has been increasing steadily.
Yearly Personnel Turnover If P&C, 2013–2014
|31 Dec 2014||31 Dec 2013*|
|*The 2013 turnover has been revised based on updated reporting standards.|
Personnel turnover remains at a relatively low level, mirroring the high employee satisfaction. 9 out of 10 employees gave a positive response when asked whether they enjoy working at If P&C.
If P&C focuses on preventive health care and well-being actions to reduce sick leave and disability pensions. For example, the sick leave rate in Finland has decreased over the past five years from 3.7 per cent to 2.7 per cent, while the disability pension category has decreased from five to two. In all Nordic countries, HR works together with leaders on early intervention and follow-up of selected target groups.
Sickness Absences* If P&C, 2014
|2014||Change compared to previous year|
|*Sickness statistics are based on If P&C’s internal reporting standards and may deviate from locally published statistics.|