Scott Addis’s Blueprint for Success: Transforming Risk into Opportunity

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Feb 2, 2024

Scott Addis, Founder of Beyond Insurance, shares his multifaceted journey from sports psychology to risk management. He discusses his five-step risk management process, importance of active listening, and becoming 'rejection-proof'. He emphasizes the significance of employee interviews for understanding client needs. Scott also highlights the strategies to manage risk and the power of building a global network of risk management professionals.

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Introduction

00:00 • 2min

Understanding Risk Management and Insurance through Sports Psychology and Learned Helplessness

01:52 • 5min

Strategies to Manage Risk

06:56 • 5min

The Power of Employee Interviews

11:34 • 16min

Building a Global Network of Risk Management Professionals

27:48 • 2min

Embracing Risk Management and Innovative Approaches

30:04 • 12min

Scott Addis, the Founder of Beyond Insurance and a recognized innovator in the insurance industry, shares his multifaceted journey from sports psychology to becoming a key figure in risk management. In this episode, Scott delves into his unique approach to risk management, the importance of active listening and honest communication in understanding client needs, and he discusses his five-step risk management process. He also shares his method for becoming “rejection-proof” when building new relationships with prospects.

Key Takeaways:

A little bit about Scott and his role at Beyond Insurance.
How did Scott go from Sports Psychology to Insurance?
What is learned helplessness?
Scott shares his five-step risk management process.
When it comes to risk management, it helps to think about the process in medical terms.
If a doctor tries to treat a patient without ever talking to them, or laying out a proper diagnostic/treatment plan, that would be called malpractice!
People like to tell others what they think they want to hear. How does Scott get around that to hear the truth?
It’s important to conduct employee interviews and take those honest findings back to management.
Active listening is critical to fully understand the true problem at hand.
What do you do when customers only care about price? Scott breaks down how to showcase your value without budging on the price point through his PRICE acronym.
We’re living in a world with huge risk uncertainty. We need to band together and educate as many risk professionals as possible. Knowledge is power!
No matter our industry, we can add so much value as risk professionals. Do not underestimate your knowledge and skill set.
Scott shares a time he had to overcome an adversity/challenge in his career.
Scott had to take a hard look at his flaws and figure out how to use them as strengths.
Scott shares how he becomes “rejection-proof” by setting up prospect/sales calls with the right frame of mind.
You have an obligation to yourself and your community to assess the degree of relationship with the agent or broker, and do they put value on how you create value?
What advice does Scott have for people who are newly coming into the industry?

Mentioned in This Episode:

Beyondinsurance.com

Scott’s Bio

Scott on LinkedIn