Customer Confidential: Untold Stories of Earned Growth
Business:Management
How does an insurance industry leader integrate a simple yet profound question—Would you do that to your mom?—to transform customer service and decision making? In this episode, Richard Watts, board member at Farmers Insurance and former sales and service president at Progressive, discusses how asking this question improves business operations. He explores how this unique approach revolutionizes customer service and sets a new industry standard for empathy and customer focus.
Richard also shares insights into how this philosophy transformed internal practices, significantly influenced customer satisfaction and loyalty, and how it continues to shape his leadership and strategic decisions. We'll also revisit Richard's journey from biology to computer science and his shift toward customer-centric innovations in insurance.
Guest: Richard Watts, board member, Farmers Insurance
Episode Highlights
Quotable Quotes:
“There isn't a single business initiative or change program that people don't say has to be CEO-led or have the CEO's blessing.” [21:19]
“Having someone out there to take the machete and, hack through the jungle of all these processes, being able to go there and say, ‘Okay, we need real-time processing. We can't live with these batch systems anymore.” [22:30]
Host: Rob Markey
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