FIVE MINUTES WITH ...
KARL POULSEN
We caught up with Karl Poulsen to talk about procurement , the specialist insurance industry and Hiscox ’ s transformational journey
PLEASE BEGIN BY INTRODUCING YOURSELF AND YOUR ROLE
» My name is Karl Poulsen and I ’ m Chief Procurement Officer at Hiscox insurance . My job is to ensure that we get the best commercial value out of third-party spend . EXECUTIVE BIO
KARL POULSEN
TITLE : CHIEF PROCUREMENT OFFICER
COMPANY : HISCOX INSURANCE
Karl Poulsen ’ s opportunity for
Hiscox came about 18 months ago when the CEO recognised that business units in the company were buying in silos , and needed to unify and integrate disparate aspects of its operations to grow value .
HOW DID YOU COME TO YOUR CURRENT ROLE ?
» I ’ ve been in and around procurement roles for nearly eighteen years , and have worked in everything from banking to pensions and life insurance . I ’ ve really been focused in that area of financial services . The opportunity for Hiscox came about eighteen months ago , when the Executive of the company started to recognise that our business units were buying in silos , and they needed to unify and integrate disparate aspects of its operations to grow value . Hiscox has been on its procurement transformation journey ever since .
20 May 2023