Blog

Calm Under Fire

Laura Bennett
Insurance Experts' Forum, July 24, 2013

I was talking with one of my managers about keeping calm during stressful times and he said “of all people at Embrace, you probably have the most stressful things going on behind the scenes, yet you would never know.”

His comment made me think back to when we were raising venture capital for Embrace. The timing was Oct 2008, right in the depths of the financial crisis, and Embrace was running out of money. If this deal wasn’t done, Embrace was done. Two weeks before the deal was due to close, and right when the deal was at its most fragile, my husband was laid off from his job. Oh well, I thought. If this all falls through, there’s one less encumbrance to worry about.

I distinctly remember the lure of the space under my desk and the desperate desire to curl up asleep down there to escape the stress. Getting up in the morning felt like gravity had multiplied during the night and I felt physically ill making myself put my feet over the side of the bed and standing up to start the day. Life felt pretty dark and desperate during that time. The only thing that held me together was that I had to hold it together for everyone else. If I fell apart, we’d all fall apart, and we would be done.

I didn’t come by this “calm under fire” approach by myself. I observed it many times during my prior life working in the life and health insurance industry in Toronto. I remember working on an acquisition where I spent eight weeks of my life locked up in a deal room. There were so many road bumps in that deal and every time I came up with something in my modest area of work that looked to be a deal breaker, I’d internally freak out, go to the deal leader in a whirl of panic, and he’d calmly take the information, dissect the situation, and deal with it. It’s not that these were not concerning issues, they were, but his calm and confident approach to dealing with every crisis held the whole deal team together and we got the job done.

I was wondering whether this calm under fire naturally happens when you manage people, or is it one of the key attributes that define you as a leader. What do you think?

Laura Bennett is Chief Executive Officer & Co-founder of Embrace Pet Insurance. She is also a 2012 Women in Insurance Leadership winner. 

Readers are encouraged to respond to Laura using the “Add Your Comments” box below or starting a discussion on the WIL LinkedIn Group.

This blog was exclusively written for Insurance Networking NewsWomen in Insurance Leadership program. It may not be reposted or reused without permission from Insurance Networking News.

The opinions of bloggers on www.insurancenetworking.com do not necessarily reflect those of Insurance Networking News.

Comments (0)

Be the first to comment on this post using the section below.

Add Your Comments...

Already Registered?

If you have already registered to Insurance Networking News, please use the form below to login. When completed you will immeditely be directed to post a comment.

Forgot your password?

Not Registered?

You must be registered to post a comment. Click here to register.

Blog Archive

The Software-Defined Health Insurer: Radical But Realistic?

Can a tech startup digitally assemble the pieces of a comprehensive, employer-provided health plan?

Data Governance in Insurance Carriers

As the insurance industry moves into a more data-centric world, data governance becomes more critical for ensuring the data is consistent, reliable and usable for analysis.

Fear This

Just days before this Issue, which contains our security cover story, went to press, we got some interesting news: 1.2 billion unique usernames and passwords and 542 million email addresses were reportedly stolen from 420,000 websites, according to The New York Times. The websites ranged from Fortune 500 companies down to small online retailers.

Should You Back Up Enterprise Data to the Cloud?

Six questions that need to be asked before signing on with an outside service.

Modernizing Information Management

While better reporting and actuarial analysis help to support financial decisions, improved analytics and decision making greatly assist the rest of the organization.

Strategic Planning: Here and Now

Insurers’ annual strategic planning efforts can benefit from an infusion of tactical reality.

Advertisement

Advertisement