Lisi
Mike Lisi, vice chairman of company companies and actual property, retired from Encova Insurance coverage on Dec. 31, 2020. Capping a 25-year profession with Encova, Lisi’s job obligations included fleet, actual property, leasing, journey, and meals companies. Lisi managed the corporate’s automobile fleet for the previous 16 years, which at the moment stands at 203 automobiles.
A brilliant-regional service ranked within the prime 20 mutual insurance coverage corporations within the U.S., Encova contains premiums in extra of $1 billion, a surplus in extra of $1.46 billion and belongings in extra of $4.1 billion.
Encova was previously often known as Motorists Mutual Insurance coverage Firm, which affiliated with BrickStreet Insurance coverage in 2017.
In assist of the affiliation , Lisi and his group instituted an enhanced fleet coverage to combine Motorists and BrickStreet below a collective operation. This coverage was reviewed, and buy-in was obtained from the senior management group to instill a best-in-class fleet administration coverage. To scale operations appropriately, they maintained the fleet headcount by outsourcing and automating present administrative features.
Lisi’s group additionally altered the fleet make-up to cut back acquisition prices, whereas looking for an optimum funding answer and cycle parameter. Leasing emerged as the best answer to streamline the fleet’s footprint effectively and cheaply, which is anticipated to save lots of $300,000 over the subsequent three years by changing to working leases.
The group additionally helped implement telematics by the whole automobile fleet; and leveraged telematics to switch under-utilized pool automobiles with brief time period, on-demand options. In partnership with their FMC, they carried out deviceless capabilities to rapidly broaden the usage of telematics and reinforce secure driving behaviors to the broader fleet.
Lisi’s group reviewed all fleet OEM choices yearly, and has been with its present OEM, Common Motors, since 2003.
Lisi plans to proceed to work within the fleet trade. He may be reached by way of e-mail at [email protected]. His cellphone quantity is 614-774-1071.
