Insurance 2024: ALBERTO SCHIAVON

After earning an MBA at the University of Manchester in England, Schiavon started work at the U.K.’s Admiral Group as an international pricing manager. The Italian executive has led Elephant Insurance, the Admiral Group’s U.S. care insurance segment, since 2017. 

In a 2023 financial report for the Admiral Group, Schiavon noted that substantial rate increases in recent years have led to an 18% reduction in vehicles insured by Elephant, a result of inflation.

Elephant Insurance reported a loss of about $25.6 million in 2023, down from about $46 million in 2022, and Admiral Group reported the subsidiary did not require an injection of capital last year. 

In January, Elephant Insurance moved to a smaller office space in Henrico County, a move driven by more employees choosing to work remotely since the pandemic.

PLUSES AND MINUSES OF WORKING FROM HOME: Working from home offers unique flexibility. I am often the first to wake in my home, and I can sometimes even get a few hours of work in before my family wakes. However, in-office time remains crucial for building relationships with colleagues, which is essential for the company’s long-term success.