Employee Spotlight: Peter Tran

Employee Spotlight Peter Tran

What’s your role at Parker, Smith & Feek?

I am an Account Executive in the Real Estate Practice Group.

You’re new to Parker, Smith & Feek, what inspired you to join the team?

I was initially interested in Parker, Smith & Feek after experiencing their culture and seeing their reputation in the insurance industry while working for another brokerage. I’ve known and competed with a handful of people here over the years. Their exemplary character and the company’s values really stood out to me so I jumped at the opportunity to join the team.

What inspired you to start a career in the insurance business?

I liked working with people and enjoyed the insurance industry, as it’s an annual year-by-year cycle where I’m able to cultivate great relationships.

What’s the best part of your job?

I really enjoy being an architect; the process of designing the intricacies of an insurance and risk management plan, and helping people navigate through claims when they occur. The claims process is a time in the relationship where you can really make a difference and have an impact in the client relationship. I enjoy the reward of seeing the success of the whole process from beginning to end.

What is something your colleagues would be surprised to learn about you?

In college, I delivered mail and fixed computers.

If you could change one thing about the insurance industry, what would it be?

I would like to see the perception of insurance to young people change. Young people may not appreciate insurance, as they aren’t frequent users, but it’s important for them to understand its value.

Do you have an influential business mentor?

Shane Sullivan. He was a highly motivated and self-taught entrepreneur. I admired his exceptional ability to communicate to a wide scope of audiences and be relatable. We started working together and later became business partners. Our company primarily focused on designing and administering insurance programs for owners, developers, and managers of multifamily housing.

Why are you so passionate about Affordable Housing insurance and non-profit housing development?

I grew up in affordable housing so it’s close to my heart. It is a vital resource for some of the most vulnerable families.

Tell me more about the affordable housing market. How did you get involved?

I stumbled upon it. I was asked to review the insurance policies for a large non-profit housing developer. Upon review, I discovered they were paying a high premium because of the false perception of high risk due to low-income tenants. I made it my goal to prove otherwise. I created an insurance program for owners, developers, and managers of affordable housing. Due to frequent inspections and regulatory guidelines, I argued they were well-maintained and therefore low risk. Finding an affordable place to live is a problem for millions of families nationwide. It is vital we create and preserve affordable housing through various advocacy and funding efforts. I’m glad we can contribute.

PROFILE:

Hometown: Los Angeles, California

Family: Wife, Joy; son, Andrew, 12 years; daughter, Angela, 10 years; son, Alex, 4 months

Favorite vacation spot: Maui, Hawaii

Favorite hobby: Salmon fishing in the Puget Sound

Favorite sports team: Los Angeles Lakers

Seattle favorites: San Juan Islands

Favorite quote: “Be more concerned with your character than your reputation, because your character is what you really are, while your reputation is merely what others think you are.” – John Wooden

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