Contemporary Issues in Admiral Group

This report discusses the contemporary issues faced by Admiral Group, a UK-based financial service corporation. It covers stakeholder management, challenges associated with strategies, AI impact, and stakeholder engagement and planning. The report also reviews the previous year's stakeholder report of the company.

Contemporary Issues in
Admiral Group

EXECUTIVE SUMMARY
The major insinuations over the productivity and the applicability of the
company’s performance are showcased in the study of the contemporary
issues confronted by the Admiral Group. The management, association,
mapping and the implications accompanying with the stakeholders of the
company is highlighted in the report which will help in the understanding
of the efficacy of the company at the administrative level. The
connotations of the previous year’s report if further enumerated for
reflecting the significance of the challenges in respect to the considerations
made by the company for the future endeavors.

Table of Contents
INTRODUCTION.........................................................................................................................4
Reviewal of the previous year stakeholder report of Admiral Group and its corresponding
influence......................................................................................................................................4
Challenges associated with the strategies implemented for the management of the
stakeholders.................................................................................................................................5
The impact of the chosen issue over the leadership and management of the company..............6
Stakeholder relationship with the corporation.............................................................................7
The management of the stakeholder connotation in the company..............................................8
Stakeholder engagement and planning........................................................................................9
CONCLUSION............................................................................................................................10
REFERENCES............................................................................................................................11
INTRODUCTION
The implications of the dynamic consequences pertaining in the market can result in
arising varied challenges to the functioning of the companies. Theses issues requires a detailed
analysis for the insurance of the smooth functioning of the commercial enterprises. The
contemporary issues faced by the Admiral Group in respect to its connotation are extensively
discussed in this report (Baylis, Wirtz and Johnson, 2022). The company is a chief financial
service corporation with its headquarters established in the UK. It was initially a specialist in the

division of car insurance and since its launch, it has been able to secure a noteworthy position in
the market with an expansion in the interconnected grounds, such as the provision of legal
services, personal and travel insurances. The report will highlight the critical sections which can
impact the operations of Admiral Group along with the elucidation of the shareholder’s
management and engagement in the functioning of the company. The evaluation of the previous
year’s report pertaining to the matter of subject will also be discussed.
MAIN BODY
Reviewal of the previous year stakeholder report of Admiral Group and its corresponding
influence.
The steps that were taken by the Admiral Group in order to avoid the modern-day abuse
and the trading of the human resources as the forced labor were extensively discussed in the
report. The report thereby stated that the issue was very handled by the administration of the
company and sought of such challenge is not faced by Admiral. The supply chai of the company
is appropriately designed and taken good care of. The practices of the operations are under the
regulatory guidelines that are set by the authorities, The company ensured that it runs in a posit
and a sensible manner. in order to achieve that state, the company has established a risk appraisal
procedure which helps in the assessment of the of any means of slavery that can arise or is taking
place in the company in accordance to the identification of the potential areas of the operations
(De Luca and et. al., 2022). This permits the company to classify latent areas of concern inside
the areas of the operations. Thus, it came up with the tactics to avert the modern slavery in the
supply chain management, and this got heightened with the appointment of a Head of
Procurement and the development of a Procurement Policy, which stated that:
 Provision to the staff with healthy and safe working environment and the transmission of
the practices would be in a fair manner along with reasonable pay outs to the personnel.
 The appropriate respect would be given to the staff and the conduction of the activities
would be according to the regulations ascertained by the authorities.
 The guarantee of high level of empathy to the employees will thereby be rendered to the
workforce to ensure their safety and wellbeing.
The reviewal of the structure of the company was also analyzed in respect to the issues of the
corporate governance which included the pretense of the committee of the Admiral Group board

members who takes care of the tasks performed by the chairperson, chief policy making experts
and the independent administrator. They take the effectual decisions upon the conflicts that gets
arisen with a scope of personal gains. The internal control of the risks is also tackled by the
committee in a deliberative manner (Diogo and de Carvalho, 2022).
Challenges associated with the strategies implemented for the management of the stakeholders.
The varied challenges that are associated with Admiral Group, identified in the
generalized reports suggested that these issues need to be comprehend in order to bring out
functionality in the company. These specific encounters must be examined and their relative
impact should be analyzed in advance in order to reduce the scope of deformity in the coming
future.
Influence of Artificial Intelligence: The positive influence of the AI can help in the upgradation
of the business in the modern commercial world. The impact of the employment of the
advancements in the technology can prove to an assistance in the operations that are taking place
in the enterprises. If handled with precision, the elimination of the scope of deformities in its
utilization can be rendered. The negative aspects of the AI are however less as compared to the
positives it provides to the companies. The harmful effects can only take place when the
applications care not used in an appropriate manner (Wellstead and Biesbroek, 2022).
Work-Life Balance: This issue was extensively discussed in the previous year’s report of the
Admiral Group and highlighted some significant aspect which were needed to be discussed in a
deliberated manner. The promotion of a healthy work-life balance is indeed an essential
requirement for the boosting of the productivity and the morale of the employees working in an
organsiation (Frempong and et. al., 2022). The goals of an organsiation are to achieve the targets
with special considerations given to the well being of the workforce as well. The challenges in
this respect can influence the functioning of the company in a noteworthy manner.
Corporate retrenchment: The effects of downsizing the company’s workforce can affect the
positing of the company in the market. The renewal of the plans by the organsiation can hamper
the living standards of the personnel that are employed and are working with a sense of job
security in that particular company. The aim of any corporation must be to enhance the
functioning of the operations and also to take care of the employees and fulfil the responsibility
of providing the

These matters need to be addressed in the administration and relative measures should get
adopted for the elimination of their scope of occurrence. The previous year’s report elucidated
the work-related issues that were faced by the company. The most certain discussion which will
be deliberated in the succeeding segment would be the impact of the Artificial Intelligence (AI),
as it is the most advanced evolvement which requires specific consideration in respect to the
mechanizations that are taking place in the modern-day business world.
The impact of the chosen issue over the leadership and management of the company.
The utilization of AI over the operations that are taking place in the business corporations
have a substantial effect upon the functioning of that company. The technological advancement
in the AI can help in the detection of frauds and the automation of claims in an insurance
company lie that of Admiral Group. The application developed namely as the Shift Technology
can prove to be aid in these solutions can is a boon to the global insurance industry. The user-
friendly interface of this application is an advance data science mechanism which has brought
progression in the procedures of the company (Heathcote, 2022). The specified impact of the AI
over the management nd the leadership of the Admiral Group can be highlighted further.
Influence over the management of Admiral Group: The deployment of the right AI
technology can help the business to optimize the daily processes and thereby helps in increasing
the efficiencies and the productivity of the business. The decisions can be taken on a faster pace
and the elimination of the scope of the human errors can also take place. The support would be
data enabled and the analysis will be upon rendering the appropriate solutions to the problem.
The operations of the technology should be handled by the professionals as any sought of
mismanagement in this case lead to a heavy blunder.
Influence over the leadership of the company: The empowerment of the workforce can very
well bring up by the intervention of the AI in the management of the company which can help in
assisting and upgrading the leadership qualities that are present in the managers of the
departments (Tsai and et. al., 2022). The algorithm can assist in providing a definite direction to
the team in order to reach out to the expected and the ascertained targets. The decision-making
powers of the humans can also get a positive reflection through the effective utilization of the
artificial based intelligence. AI can thereby help in the identification of the comparative strengths
nd the weaknesses which would help in the future anticipation of the scenarios.

Stakeholder relationship with the corporation.
Admiral Group focuses over the establishment of the long-term sustenance in the
business world through the maintenance of the effectual management and engagement of the
stakeholders in the operations of the company (Hogan and Reid, 2022). The stakeholders can be
termed as the suppliers, business partners, reinsurance and co-insurance partners. The significant
focus over the governance of the framework of the controls over the procurement, alignment and
the management of the imperative support from the stakeholders is amongst the primary focus of
Admiral. The value that has to be created by the company must be in respect to the:
 Incessant engagement of the suppliers and the partners who can make a positive influence
over the progress in order to develop an exclusive supplier code of conduct.
 Upgradation of the framework of the improved procurement processes.
 Working exclusively and closely with the partners and the suppliers for an additional
support to achieve the aspirations of the management of the team.
In respect to the company’s employees, the relationship with the company can influentially
impact the culture it exhibits. The interaction with the employees is mandatory for the successful
attainment of the stratified targets. The health, safety and the considerations in regards to the
equal pay to the personnel must be effectually considered by the administration of the company.
Additionally, companies are incorporating employee feedback more often into business decision
processes. Companies are doing more to show value for employees as people, including
promoting fair hiring and employment practices, and allowing employees paid time to volunteer
(Hollebeek, Kumar and Srivastava, 2022).
The management of the stakeholder connotation in the company.
The effective organization of the involvement of the stakeholders in the functioning of
the project is necessary for effective completing of the assignments based on the expectations
and the requirement of the stakeholders (Prikshat and et. al., 2022). The pressure generated from
the intervention of the investors can help in the successful generation of the outcomes resulted
from the complexity in the tasks. Admiral Group has effectively implemented the policies of the
successful management of the relevant stakeholders in the company and in the filed of
construction of the project, they can include the inference from the general public, the regulatory

bodies, relevant funders and the corresponding users of the building. The distinguishment of the
stakeholders can be in respect to:
Internal stakeholders – The management of this particular segment is oftentimes problematic.
It is quite difficult to identify the actual client as certain times it is the representative of that
organsiation. Within this organsiation, there are whole lot of associates who are working under
the entity and they very well can influence the project (Hoppe, 2022).
Figure 1Internal Stakeholders
External stakeholders – They are not the direct source of the client organsiation but have an
implicit interest in the ongoing project. They can be the department of the government, providers
of the grants, the affected neighborhoods and the media related persons. The level of their
relative interest can differ thus, the management of them can be significantly complex for the
Admiral Group.
Analysis of the stakeholder management:
This is done to understand the environment of the stakeholders and give suitable priority to the
resources of the management. The identification of the backers is the crucial step that has to be
carried put and the next very step is to apportion the interests and the powers of the individual
stakeholder’s that can impact and influence the project. It is imperative to give due importance to
the respective interests of the participants and this must be significantly considered by the
Admiral Group (Indrajaya, Wibowo and Wiweka, Li and Yang, 2022). This can be plot on the
stakeholder matrix which can help in the documentation in an appropriate manner.

Figure 2 Stakeholder Matrix
The essential prerequisite to organize the project is to manage the positive stakeholders which
are in the right-hand corner on the bottom side and the negative stakeholders will be out of the
corner. The matrix can be dynamic and considerable number of changes can be done in the
future which should be kept in mind by the Admiral Group.
Stakeholder engagement and planning.
The requirement of the efficacy in the engagement of the stakeholders in the functioning
of the operations of the Admiral Group has been very well carried out by the management of the
team. The perspectives of the professional must be taken into account in order to achieve the
desired outcomes. The support of the stakeholders is imperative for the smooth running of the
procedures and the working of the organsiation. The intervention of the backers can start from
the justification of the scope of the project to the reviewal of the final outcome. This will thereby
help in the:
Alignment of the scope of the project.
Consultations on the suitable approaches to be taken for the completion of the assignment.
Resolutions to motivate the delivery team.
Facilitation of the lessons that can be learned in the reviewal process (Nop, Thornton and
Tranter, 2022).
The engagement of the stakeholders is carried through a regular channel of the communication
throughout the year by the Admiral Group. The supplementations have been provided in the
board meetings to gather in the useful insights from the members od the association.
Understanding the viewpoint of the stakeholders can help in the enhancement of the projects
through the relevant focus that can be gathered from the study of the ideas provided by the
participants.

Figure 3 Communication Plan
The feedbacks from the customers have to be analyzed and evaluated which is indeed taken into
account by the Admiral Group. This will thereby help in enhancing the experience of the
customers in the future. The increased engagement of the workforce can also prove to be an aid
in the better functioning of the company and this was launched under the scheme of Employee
Consultation Group (ESG) which will enable the personnel working in the organsiation to
convey their ideas and concerns with the superiors of the management (Owusu-Twum and et. al.,
2022).
CONCLUSION
An inference can thus be made that the identification of the critical aspects in accordance
to the conduction of the operational activities of a company is it imperative to consider the
significant and the most important challenges that can be faced. These illuminating issues can
have a severe impact over the functioning of the commercial enterprise and therby needs to be
served with the remedial actions as soon as possible. The relationship management with the
stakeholders is mandatory to ensure the efficacy of the company along with the assessment of the
intrinsic engagement of the participants in the conduction of the business of the companies. It is
indeed an important task to regularly evaluate the performances of the corporates in the industry
to identify the loopholes which can hamper the market positioning of the company and bring
deformities in the administration of the management.

REFERENCES
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