May 18, 2020

[Study] Iranian Government Investigates Mismanagement in Automotive Industry

Sustainability
Rotana Hotels
guest experience
Rotana Earth
Bizclik Editor
1 min
[Study] Iranian Government Investigates Mismanagement in Automotive Industry

Iran’s parliament (Majlis) has undertaken a study of the country’s car manufacturers, revealing a series of concerning trends within the sector.

Trailing only the oil and gas industries, the Iranian auto industry creates 500,000 direct and indirect jobs and has $6.45 billion in circulation annually. It is also the world’s 12th largest car producer, but has a set of issues which need addressing according to the county’s politicians.

National giants Iran Khodro Company (IKCO) and SAIPA Company are reported to have not made any serious effort to cash around $2.58 billion of their customers’ unpaid debts, contributing to a decline in output which they blame of on a lack of liquidity.

The report claims that $580.6 million of incomplete cars are being held in numerous parking lots across Iran.

Further to this, IKCO and SAIPA are said to be suffering from mismanagement, the study noting a derailing from the companies’ original function. SAIPA in particular was criticised for appointing advisors and directors who are not adequately qualified.

The government also has concerns over the origin and quality of parts being used, especially those coming from parts of China with the hologram of Iranian parts manufacturers.

Perhaps most alarming was the revelation that MPs believed the price of cars in the country to be inflated by as much as 30 percent beyond their fair value. 

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Jun 14, 2021

5 minutes with... Janthana Kaenprakhamroy, CEO, Tapoly

Tapoly
Insurance
Leadership
Digital
Kate Birch
3 min
Heading up Europe’s first on-demand insurance platform for the gig economy, Janthana Kaenprakhamroy is winning awards and leading with diversity

Founder and CEO of award-winning insurtech firm Tapoly, Janthana Kaenprakhamroy heads up Europe’s first on-demand insurance platform for the gig economy, winning industry awards, innovating in the digital insurance space, and leading with inclusivity.

Here, Business Chief talks to Janthana about her leadership style and skills. 

What do you do, in a nutshell?

I’m founder and CEO of Tapoly, a digital MGA providing a full stack of commercial lines insurance specifically for SMEs and freelancers, as well as a SaaS solution to connect insurers with their distribution partners. We build bespoke, end-to-end platforms encompassing the whole customer journey, but can also integrate our APIs within existing systems. We were proud to win Insurance Provider of the Year at the British Small Business Awards 2018 and receive silver in the Insurtech category at the Efma & Accenture Innovation in Insurance Awards 2019.

How would you describe your leadership style?

I try to be as inclusive a leader as possible. I’m committed to creating space for everyone to shine. Many of the roles at Tapoly are performed by women and I speak at industry events to encourage more people to get involved in insurance/insurtech. Similarly, I always try to maintain a growth mindset. I think it’s important to retain values to support learning and development, like reliability, working hard and punctuality.

What’s the best leadership advice you’ve received?

Build your network and seek advice. As a leader, you need smart people around you to help you grow your business. It’s not about personally being the best, but being able to find resources and get help where needed.

How do you see leadership changing in a COVID world?

I think the pandemic has proven the importance of inclusive leadership so that everyone feels supported and valued. It’s also shown the importance of being flexible as a leader. We’ve had to remain adaptable to continue delivering high levels of customer service. This flexibility has also been important when supporting employees as everyone has had individual pressures to deal with during this time. Leaders should continue to embed this flexibility within their organisations moving forward.

They say ‘from every crisis comes opportunity’, what opportunities do you see?

The past year has been challenging, but it has also proven the importance of digital transformation in insurance. When working from home was required, it was much harder for insurers to adjust who had not embedded technology within their operating processes because they did not have data stored in the cloud and it caused communication delays with concerned customers at a time when this communication should have been a priority, which ultimately impacts the level of customer satisfaction. This demonstrates the importance of what we are trying to achieve at Tapoly in driving digitalisation in insurance and making communication between insurers and distribution partners seamless. 

What advice would you give to your younger self just starting out in the industry?

Start sooner, don’t be afraid to take (calculated) risks and make sure you raise enough money to get you through the initial seed stage.

 

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