InsurTech Digital Magazine January 2025 | Page 36

Hagerty ’ s procurement initiatives are saving money , optimising vendor management and prioritising compliance and ethical standards
HAGERTY
Hagerty ’ s procurement initiatives are saving money , optimising vendor management and prioritising compliance and ethical standards

Hagerty has been commemorating a major milestone throughout 2024 : its 40th anniversary . What started as a small insurance company for wooden boats has evolved into a multifaceted automotive ecosystem that is dedicated to preserving the collectible car industry ’ s rich culture and heritage .

Thanks to Trish Robinson , VP of Enterprise Procurement , Travel Services and Third-Party Risk Management at Hagerty , the company is introducing a range of leading procurement initiatives to set it apart from the competition .
The road most travelled Hagerty was founded in 1984 by Frank and Louise Hagerty in Traverse City , Michigan , with the purpose of selling insurance policies for wooden boats . But it wasn ’ t long before Hagerty recognised the growing demand for specialised insurance and services catering to the collector car community .
Today , Hagerty insures over 2.5 million vehicles and has become a major player in automotive media , events and data services . As the company proudly states , “ Hagerty is all about the love of cars .”
A new highway In 2021 , Hagerty took a significant step by becoming a publicly traded company on
36 January 2025