Ursuline (Urs) Foley

Predictive models and machine learning have long been used for group health #underwriting—but now they’ve been refined to assess group-level claims risk in the stop loss and level-funded markets. Join Dan Becker and Joshua Panfil, FSA at the 2024 Society of Actuaries Health Meeting, June 23–26, to learn how you can use these proven tools to estimate large claims #risk and optimize your business outcomes. #SOAHealth 

32

Direct Line Insurance Group is at a critical crossroads, unveiling a bold turnaround strategy amidst significant financial challenges. Under CEO Adam Winslow's leadership, the company is reducing its workforce by 6% and targeting £50 million in cost savings by 2025. The motor insurance segment has faced harsh declines, but there's optimism from analysts about potential recovery as the company shifts its focus to digital channels, listing its brand on price comparison sites. However, this transformation isn't without risks. Job cuts could affect service quality and employee morale, while competition remains fierce. The path to sustained growth depends on executing these strategies effectively. Are we witnessing the dawn of a revitalized Direct Line, or just more turbulence in the insurance market? Stakeholders should stay vigilant as 2024 unfolds, since the decisions made now will shape the company’s future. What do you think—can they turn it around?

2

Insurance firms face a critical decision between building new systems or "wrapping" legacy platforms for digital transformation. Bobbie Shrivastav and Lawrence Krasner teamed up to write, 'The Dilemma on Legacy System Modernization.' #insurance https://lnkd.in/ePBa6ZdT

8

Tomorrow! Join Mark Walls and I tomorrow for Out Front Ideas with Kimberly and Mark 2025 Issues to Watch! Our topics cover #riskmanagement #insurance #claimsmanagment #healthcare #employeebenefits and more. We hope to see you there. Register via the link below! #thoughtleadership #workerscomp

52

1 Comment

How are financial firms adapting to the changing landscape of cyber insurance? Matthew H., Senior Director of Cybersecurity at Abacus Group, discusses the importance of proactive cybersecurity measures and evolving risk management strategies amidst rising premiums and selective coverage. #RiskManagement #CyberInsurance #FinancialServices

2

In just a few weeks, MetLife Investment Management is excited to host its inaugural Insurance CIO Summit. The event will bring together insurance company Chief Investment Officers with industry leaders including Dr. Loretta Mester, Jeh Johnson, and Kathleen Birrane, along with a panel of CIOs that will offer their perspectives on investing in today’s challenging markets. #InsuranceAssetManagement #MetLife #MetLifeInvestmentManagement #PrivateMarketInvesting #CommercialRealEstate

110

The GAO report summarizes key themes in state regulations of pharmacy benefit managers, offering guidance for compliance in an evolving legal landscape. https://wix.to/I3ycCOe #healthcare #healthcarenews #regulations

2

Is it possible to upgrade and migrate financial services legacy apps and ERP systems to the cloud, while maintaining security and avoiding disruption? #emeapartners Inoapps proves the answer is YES, with success at QBE Insurance. Join its upcoming briefing session and learn how: https://lnkd.in/eY9ryM5u

10

1 Comment

Discover how U.S. financial institutions are facing new challenges in regulatory reporting and AI adoption. Dive into the privacy demands shaping the industry with David Anderson and Patrick Keating of Sterling Bank & Trust. #financialinstitutions #riskmanagement

5

In a recent meeting of NeuGroup for Insurance and Risk, one member shared how they used an ERM framework for insurance to transform his company’s decision-making and coverage strategies. #Insurance #RiskManagement

4

Hear from Abrianne Harmon, CIC, our Director of Innovation, on what it means to be a #woman and #leader in the insurance industry. #ALKEMEWomensWeek #WomenInInsurance #WomenInLeadership

43

7 Comments

Great tips here for nonprofits and for profits alike. Quick read with actionable suggestions - thank you Kadian Douglas, CPA, CISA, M.Ed., (these suggestions are also items that cyber insurance underwriters like to see). #riskmanagement, #cybersecurity

15

1 Comment

In 9 months, our Excess Executive Liability program was launched in all 50 states. Learn how we did it, using multiple Arrowhead Programs’ Shared Services teams. #leadinginsuranceinnovation https://hubs.la/Q02x6sdS0

8

Leaders from businesses small and large say that cyber security is one of their top concerns, if not the top concern. 🔐 Our colleagues at Risk & Insurance spoke with Adam Carmichael, CPCU, the President of The Institutes Knowledge Group, about the new Associate in Cyber Risk Management™ (ACRM™) designation. He shared details about how the designation was created, who it’s designed for, what kind of content is covered, and more. 📝 Read the full interview today: https://bit.ly/4gWbhw6

47

Digital transformation can be especially challenging in regulated industries like insurance. What are some common pitfalls insurers face when modernizing systems to meet regulatory requirements, and how can they be avoided?

1

Following on from our attendance at the Conference of Consulting Actuaries - CCA Annual meeting, we share some fascinating insights from our team. 💡 Danielle Wilson and Matthew Leathem dive into two critical sessions that caught our attention and Mike Selby comments on his thoughts for Mantle’s future in the US.     🔄 "Shape of Things to Come.": A stark reality check on global demographics.     📊 "Small Plan Administration and Corrections.": Navigating the unique challenges of US retirement plans, from IRS correction programmes to in-house administration risks.      Want to learn more about how these global shifts affect retirement planning? Read our full insights via the link below 👇     🔗 https://lnkd.in/ePv6njTT    #CCA2024AM #RetirementPlanning #GlobalDemographics #PensionIndustry #MantleInsights 

11

February 11, 2025 will be here before we know it! Reserve your spot at the Executives in Workers’ Compensation and Risk conference before the end of the year. The conference agenda is packed full of meaningful risk management and workers’ compensation hot topics. Leah Cooper Jeffery A. Williams Dr. Tyrone Spears, ARM, WCCP, IPMA-SCP Vicki DeHerrera Brian Putnam Treesie Richins Jacquetta Bratton Tammy Daniels, SIP, WCCP, CPFI Michele Taylor EWC Conference #workerscomp #networking #riskmanagement #claimsmanagement #insurance #managedcare

20

1 Comment