Get IN.
Powderkeg and Elevate Ventures
Podcast
Episodes
Listen, download, subscribe
He Became CEO Without Ever Selling Insurance | Kevin Murphy, Indiana Farm Bureau Insurance
On today's show I sat down with Kevin Murphy, executive vice president and CEO of Indiana Farm Bureau Insurance, about his non-traditional rise from actuary to leading a 1,600-person organization serving all 92 Indiana counties. Murphy shares his educational journey from Franklin College to earning math master's at Miami of Ohio, the rigorous actuarial exam process while he was working, and how a Safeco consolidation led him to join Indiana Farm Bureau Insurance in 2000. He explains the company's origins in 1934 to address affordable farm insurance, how it also serves non-farm customers, and its structure under Indiana Farm Bureau with related legal entities. Murphy shares his take on agent models, why insurance sales is really about education and advocacy, and stepping in as interim CEO in April 2020. He also talks about following a predecessor, hitting the road to listen across Indiana, and using AI to gain efficiency without losing the local, human touch. If you like this episode and want to hear more Get IN. episodes where I interview Hoosiers making a difference, visit getindiana.com/podcast. You are going to learn about: - Kevin Murphy's Rise From Actuary to CEO of Indiana Farm Bureau Insurance - IFBI's Origins and Its Structure Under Indiana Farm Bureau - Insurance Sales Misconceptions Thank you to our partners: Indy Grills Rohrman Automotive Group AAA Hoosier Check out these great clips from the show: 00:00 What Sets Them Apart 01:29 Guest Introduction: Kevin Murphy, Indiana Farm Bureau Insurance 02:33 From Math to Leadership 03:30 College Sports and Teaching 06:22 Stalling Into Actuarial Path 08:35 Actuary Exams Explained 14:04 Joining Indiana Farm Bureau 15:29 Farm Bureau Origins and Myths 21:44 Agents and Local Presence 23:44 Relationship Based Insurance 27:09 Becoming CEO During COVID 33:54 Risk Taking and Family Support 38:57 Leading After a Legend 39:04 Lead With Your Strengths 40:26 Change Fast And Clearly 41:17 Data And AI In Insurance 42:19 Brand Responsibility Everywhere 44:23 Get Out Of The Bubble 49:57 AI Plus Human Connection 56:18 Insurance Is Not A Commodity 01:03:35 Why Indiana Feels Like Home 01:04:52 French Lick Favorite Getaway 01:07:03 Leadership Advice That Works 01:10:21 Hidden Gems And Hoosiers 01:13:10 Hoosier Helpfulness Story 01:16:52 Triplets And Final Wrap Get IN. is brought to you by our friends at Sweetwater. Whether you are looking to start a podcast or level up your current show you need to hit them up.
Get IN. RSS Feed
