Monica Collison, President and CEO of Union Mutual Insurance Company, 10 Most Influential Women Leaders of 2022 Profile

Monica Collison
President and CEO
Union Mutual Insurance Company


Monica Collison, President and CEO of Union Mutual Insurance Company, 10 Most Influential Women Leaders of 2022

"A Motivational Leader"

Monica Miller Collison, Esq. has many leadership qualities that have enabled her to help salvage, resurrect and grow two long-established mutual insurance companies in Oklahoma over her insurance career. Mostly, she is methodical, strategic, and selfless in her approach. She has outstanding EQ and interpersonal skills, which give her a keen ability to recruit the team or teams she needs to implement her vision. These abilities help her be a true “change agent” and turn around failing or failed companies, leading them to growth and profitability in a very short time.

Throughout her career, Monica has continued to look for personal and professional ways to pour into women with goals of leading in their communities and careers. “I have spoken with and given feedback to many young professionals entering into fields that have traditionally been dominated by men,” she says. “I am a relational person at heart. Therefore, my best mentoring and support of others comes from one-on-one time with female professionals, whether it is lunch, coffee or a simple phone call to talk with them about how to navigate tough environments and not lose sight of their goals and vision.”

Monica is a gentle and authentic leader and person.

She hires the right people for the right task and allows them to work within the space she brought them in to complete. She does not micromanage but simply sets the vision, trains on that vision and provides guidance and leadership when necessary to allow her team to gel and work.

“My late father gave me the greatest advice when interviewing for one of my first legal jobs and then working in that role. He told me, “always let them underestimate you because they always will.”

Those words, like so many of his, have almost become my professional mantra,” elucidates Monica. “I believe that while I have seen growth and change in this area over my career, many people especially when I was beginning my career journey, tended to believe or see female leaders as not being as assertive, strategic or able to deliver the same results as their male counterparts. I think this varies from organization to organization, as my current role and board of directors have allowed me to soar and, as a result, our company is moving.” Armed with a brilliant ideology, Monica has been taking the company to new heights.

Union Mutual Insurance Company's biggest achievement has been its seasoned experience and customer service. “While it sounds simplistic, it is actually a very rare corporate trait! We are a small to mid-sized organization and within the four top leadership positions, have over 125 years of experience in the rural, mutual insurance space,” explains Monica. “This continues to intrigue reinsurers as well as customers. This experience and knowledge allowed us to recently take to market a new insurance product that continues to break internal goals for growth.” Additionally, what sets Union Mutual Insurance Company apart is that from the top down, all of their Senior Leadership team continue to maintain a presence in the rural part of their state through production agriculture engagements and business endeavors. This type of engagement enables the staff to relate to and understand the needs of their consumers.

For the days to come, Union Mutual Insurance Company is working toward expanding into other states beyond their Oklahoma borders. They still have regulatory, legal, and business assessments to cross before transacting business in their first new territory. However, they hope to have met this goal by the first quarter of 2023. “I believe that Union Mutual of Oklahoma will continue to grow and expand our reach within Oklahoma through our Legacy and Town and Country products. I also look forward to creating and producing brokerage products that enable our agents and customers to continue to grow their UMIC books of business and retain clients. I am excited about duplicating this same model and trend into our growth region beyond our borders as well. As for me, I hope to continue to lead UMIC into a new era of growth and profitability.” WL


Company

Union Mutual Insurance Company

Management

Monica Collison
President and CEO
Union Mutual Insurance Company

Description

Monica is a gentle and authentic leader and person.


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