Kelly Bellitti’s Post

Thank you to the folks at EisnerAmper Christopher Stoop Jordan Amin, CPA Timothy Schuster, CPA for having me and Brian Celiberti Michael Marinelli at their real estate industry day! Was a pleasure speaking about the state of the insurance marketplace and sharing some strategies we implement. Great firm with great people! #cpa #eisneramper #riskstrategies #riskmanagement #commercialinsurance #realestate #commercialrealestate

Client retention is directly related to the claims experience. Client retention is directly related to the claims experience. Client retention is directly related to the claims experience. I will never stop preaching this to our adjusters. If our client's insureds are happy and their claim is handled properly, it will have a direct impact on that customer staying with the client. This is such a foundational concept that ALL adjusters need to have engrained into their claim-handling DNA!!!

🏢 Empowered Margins, Inc. specializes in underwriting and actuarial software within the insurance industry, addressing overlooked areas in data tech. 💡 The company started in healthcare benefits but has expanded into property and casualty insurance, focusing on sophisticated data management. 📊 Their product, UW Data Hub, allows for apples-to-apples benefit package comparisons, improving decision-making for employers and brokers. ⚙️ Implementation of their solutions centralizes quoting processes, significantly reducing turnaround time from weeks to under 60 seconds. 🚀 Empowered Margins offers improved accuracy in risk assessment and quicker processing times, leading to better informed decisions for both insurers and clients. 👥 Clients appreciate Empowered Margins for their competent tech team that delivers projects on time and under budget while meeting complex requirements. 🔍 Better data access and cross-referencing ability create opportunities for accurate risk assessment and fairness in insurance pricing. 🚦 There’s a push for differentiating insurance costs based on individual health behaviors, suggesting premiums should reflect lifestyle choices. 🚭 Individuals should have the freedom to decide whether to smoke, but society should not bear the costs of those choices. ❌ Smoking bans in public places arose due to the negative externalities of secondhand smoke affecting non-smokers. 🧠 Brain development impacts decision-making, with evidence suggesting that maturity occurs around ages 25 for women and 30 for men. 💼 Empowered Margins aids associations and nonprofits by providing essential data management solutions to enhance their operational efficiency.

On Profiles in Risk - Ep. 590, I chat with Thomas B. McClintock with Empowered Margins. They are an insurtech that works with insurance organizations to help them with their underwriting and actuarial software. LINK TO THE SHOW IN THE FIRST COMMENT! #Insurance #Insurtech

🚀 Empowering Underwriting with Tech 🚀 We’re excited to share the latest episode of Profiles in Risk, hosted by Tony Cañas, CPCU, MBA, AU, ARM, ARe, AIC, AIS Insurance Nerds. Where our very own  Thomas B. McClintock, Senior Client Service Manager, dives deep into how Empowered Margins is transforming the insurance industry. 🎙️ In this discussion, Tom highlights how #UWDataHub is helping underwriters, brokers, and actuaries replace outdated methods like Excel with more efficient, centralized systems. He explores how automation and AI are reshaping the industry, accelerating the quoting process, and improving accuracy in risk assessments. ⚡📊 𝐇𝐞𝐫𝐞 𝐚𝐫𝐞 𝐚 𝐟𝐞𝐰 𝐤𝐞𝐲 𝐭𝐚𝐤𝐞𝐚𝐰𝐚𝐲𝐬: 𝐄𝐟𝐟𝐢𝐜𝐢𝐞𝐧𝐜𝐲 𝐆𝐚𝐢𝐧𝐬: Cutting down underwriting turnaround times from weeks to minutes. 𝐀𝐈-𝐃𝐫𝐢𝐯𝐞𝐧 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬: Leveraging advanced models for more precise risk assessments. 𝐑𝐞𝐚𝐥-𝐓𝐢𝐦𝐞 𝐂𝐨𝐥𝐥𝐚𝐛𝐨𝐫𝐚𝐭𝐢𝐨𝐧: Ensuring seamless workflows between brokers and underwriters. 𝐁𝐫𝐨𝐚𝐝 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐈𝐦𝐩𝐚𝐜𝐭: Supporting sectors from health insurance to P&C with tailored data solutions. Want to learn how modern technology can revolutionize your underwriting processes? https://lnkd.in/gECum7Gr #InsurTech #Underwriting #InsuranceInnovation #RiskManagement #DigitalTransformation #AI #EmpoweredMargins

🌟 Insightful Interview Alert! 🌟 Shawn Ram. Head of Insurance at Coalition, Inc., sat down with AM Best to discuss the launch of Coalition Re and how it aims to bring greater stability to the reinsurance market. Definitely worth checking out this 5-minute interview for a deeper understanding of how Coalition, Inc. is addressing key industry challenges! #Reinsurance #CoalitionRe #RiskManagement #InsuranceInnovation #AMBest

Reinsurance markets are still tough. This might mean higher prices and difficulty securing coverage if you’re a regional or mutual insurer. Why is this happening? → Natural disasters are becoming more frequent and severe → This leads to higher claims payouts for reinsurers → Reinsurers are raising prices and being more selective What does this mean for you? It could translate into higher costs in the insurance markets. Here’s how we can help: • We’ll help you navigate the global insurance markets • We’ll work with you to secure the best possible coverage • We’ll ensure you get competitive pricing Want expert guidance on your insurance needs? Or just want to chat about how we help regional and mutual insurers in the commercial market? Comment "now" to schedule a consultation. P.S. here are three ways we can help you… 1) Book a 1:1 call with the LION Specialty team 2) Sign up for weekly global market analysis & actionable tips for financial institutions 3) Get our free D&O email crash course for directors on protecting your personal assets #staycovered Natasha I. Kiemnec, ARM Mark Flippen

Thrilled to share that my friend and colleague Martha Bane, Managing Director for Gallagher's Property Practice, was recently quoted in a Business Insurance article discussing the pivotal role of data in revolutionizing policyholder experiences. By harnessing the power of data, risk managers can now unlock a treasure trove of information, enabling them to make informed decisions and tailor policies to meet the unique needs of each client. Click on the link below to read the article. 👉 https://lnkd.in/dw-8NwF8 #RiskManagement #Property #Insurance

How can insurers (and reinsurers) help the world navigate the choppy waters ahead? Urs Baertschi, CEO Property & Casualty Reinsurance at Swiss Re, joined Philip Vermeulen from EY and Alison Martin from Zurich Insurance to discuss big picture topics like finding ways to protect more and address changing customer needs, embedded insurance and potential effects of generative AI. 🎧Tune in here: https://ow.ly/SO3730sB7Ws.