Mike Lisi, vice president of corporate services and real estate, retired from Encova Insurance on Dec. 31, 2020. Capping a 25-year career with Encova, Lisi’s job responsibilities included fleet, real estate, leasing, travel, and food services. Lisi managed the company’s vehicle fleet for the past 16 years, which currently stands at 203 vehicles.
A super-regional carrier ranked in the top 20 mutual insurance companies in the U.S., Encova includes premiums in excess of $1 billion, a surplus in excess of $1.46 billion and assets in excess of $4.1 billion.
Encova was formerly known as Motorists Mutual Insurance Company, which affiliated with BrickStreet Insurance in 2017.
In support of the affiliation , Lisi and his team instituted an enhanced fleet policy to integrate Motorists and BrickStreet under a collective operation. This policy was reviewed, and buy-in was obtained from the senior leadership team to instill a best-in-class fleet management policy. To scale operations appropriately, they maintained the fleet headcount by outsourcing and automating existing administrative functions.
Lisi’s team also altered the fleet make-up to reduce acquisition costs, while seeking an optimal funding solution and cycle parameter. Leasing emerged as the ideal solution to streamline the fleet’s footprint efficiently and cost effectively, which is anticipated to save $300,000 over the next three years by converting to operating leases.
The team also helped implement telematics through the entire vehicle fleet; and leveraged telematics to replace under-utilized pool vehicles with short term, on-demand solutions. In partnership with their FMC, they implemented deviceless capabilities to quickly expand the use of telematics and reinforce safe driving behaviors to the broader fleet.
Lisi’s team reviewed all fleet OEM offerings annually, and has been with its current OEM, General Motors, since 2003.
Lisi plans to continue to work in the fleet industry. He can be reached via e-mail at [email protected]. His cellphone number is 614-774-1071.