• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Venezuela abandoning the bolivar and adopting the U.S. dollar would be the biggest currency switch since the advent of the euro, Hanke says

2

American billionaires are showing off their farmland for elaborate hobbies, but a buying spree among the ultrarich risks pricing farmers out

3

The Treasury's recent moves in the bond and currency markets add up to 'soft-form financial repression' to lower debt costs, economist warns

1

Venezuela abandoning the bolivar and adopting the U.S. dollar would be the biggest currency switch since the advent of the euro, Hanke says

2

American billionaires are showing off their farmland for elaborate hobbies, but a buying spree among the ultrarich risks pricing farmers out

3

The Treasury's recent moves in the bond and currency markets add up to 'soft-form financial repression' to lower debt costs, economist warns
LeadershipOn Leading

Assurant CEO Leadership Tip For Change: Speedy Action

By
Susie Gharib
Susie Gharib
Down Arrow Button Icon
By
Susie Gharib
Susie Gharib
Down Arrow Button Icon
August 23, 2019, 3:48 PM ET
Add Fortune on Google for similar content.

If you want to know how to disrupt and supercharge your company–especially if it’s been around for 127 years–just ask Alan Colberg. That’s what he did at Assurant, the New York insurance company that’s been doing business since 1892.

When he became CEO four years ago, he did some obvious things like exiting slow growing businesses and focusing on the winners. But the key to his success, he says, was building a culture where Assurant’s employees felt part of disruption process.

“What I do matters. But what really matters,” says Colberg, “is what the 9,000 people on the front line do when they engage with consumers. The more they understand what we’re trying to do, the more they feel that they’re part of a company they can believe in and trust.”

His strategy was to connect with employees by doing some seemingly simple things, but they ended up having a big impact on employee morale. Colberg created, for example, an email chain he called “Ask Alan” where he says “any employee could write to me on anything and I would respond personally”. And he did. He also created a rule he called “never eat lunch alone.”

“I don’t care what your job is,” Colberg says. “Go out and talk to somebody you don’t normally talk to”. Colberg believes that when you spend time with people you don’t work with directly, you will learn something new. And together, those conversations can lead to new ideas that could transform the company.

Assurant’s earnings are surging and revenues in 2018 jumped 25 percent to $8 billion. Investors approve of those results. Assurant shares are up more than 40 percent so far in 2019 despite market volatility and sell offs.

Colberg offers this advice to CEOs trying to disrupt their business operations. “I would urge speed,” he says. “It’s almost better to be partially right and then improve as opposed to wait to get to a really good answer.”

Watch the video above for more from my interview with Colberg.

About the Author
By Susie Gharib
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Leadership


Most Popular

Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • TikTok icon
  • YouTube icon

    Latest in Leadership


    Most Popular

    © 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
    FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.