“For property and casualty insurers and their partners, the Summit was an opportunity to gain valuable information on topics that are top of mind for everyone in the industry,” said Joseph Petrelli, President of Demotech.
Columbus, OH (PRWEB) May 19, 2016
In an industry overflowing with conventions and conferences, Demotech and WaterStreet Company joined forces to present a new kind of event: The 2016 Insurance Summit - a learning and sharing open forum with industry leaders and their peers.
“For property and casualty insurers and their partners, the Summit was an opportunity to gain valuable information on topics that are top of mind for everyone in the industry,” said Joseph Petrelli, President of Demotech. “We felt there was a need to return to a format where subject matter experts could provide insights and content and check their marketing hats at the door.”
During the May 9 - 11 event at the Wild Dunes Resort, Isle of Palms, S.C., participants attended interactive presentations that supported the theme, “Steadfast. Strong. Secure.” Kicking off the summit was keynote speaker Lt. Col. Michael Barth, PhD, of The Citadel’s School of Business Administration, who presented “Unconventional Warfare Techniques Applied to Unconventional Insurance Markets.” Following Lt. Col. Barth, other industry-leading experts covered such topics as digital strategies, enhancing company ratings, enterprise risk management, beyond the low interest rate environment, M&A considerations, management and professional liability, new product development, price optimization, recruiting and retaining talent, and the value of veterans as employees.
“This conference enabled all of us to engage with industry peers in an open forum that promoted communication and idea sharing,” said Philip Collins, partner with Mathew Sheehan running a financial lines team at Worldwide Facilities. “We were able to learn from each other and I, personally, have some takeaways and food for thought, ” said Blair Bartlett, Head of Insurance Industry Products at CapSpecialty. Both Philip and Blair participated in a panel titled, “Management and Professional Liability Insurance.”
“This year, the Summit’s organizers introduced sponsorship opportunities,” said Carol Barton, V.P. of Marketing and Business Development for WaterStreet Company. “Due to our sponsors’ generosity, we were able to expand the scope of the conference and provide a beautiful venue for networking and interactions,” she said.
“As an Insurance Summit sponsor, our organization was able to showcase our services and network with more than 120 insurance executives and partners in our target market, said Ryan Purdy, Principal & Consulting Actuary at Merlinos & Associates. “I enjoyed spending time with our mutual clients and attending these informative sessions. We were especially grateful to be able to share our presentation on Predictive Analytics and Price Optimization to a responsive and engaged audience.”
According to WaterStreet CEO Gregg Barrett, “Our intent was to keep the Summit small enough to retain its intimate nature while expanding it to include a wider variety of attendees who would be able to take advantage of the excellent content. It was gratifying to see how openly our WaterStreet and Demotech teams, our presenters and our guests exchanged ideas in this concentrated but expanded format.”
Summit speakers and panel members represented thought-leading organizations such as AAM Insurance Investment Management; CapSpecialty; The Carlisle Group; Cohen Strategic Consulting; Deloitte Consulting; Hanover Stone Solutions; Keenan Insurance Agency; Maiden Re; Merlinos & Associates; RSM US; Stonybrook Capital; Thomas, Howell, Ferguson; VetCor; and Worldwide Facilities, LLC. Presentations can be found at: http://www.waterstreetcompany.com/insurance-summit-2016-sessions/
“I am a 40-year veteran of the P&C insurance industry and I have attended innumerable seminars during my career,” said Richard Bersnak, Vice President, Business Development, Keenan Insurance. “This is the best that I’ve attended—topics, presentations, attendees and venue. The opportunity to network with my partners and peers was ideal, and the content of the program exceeded my expectations. I definitely plan to be there next time.”
“Plans are underway for next year’s event,” said Ms. Barton. “We anticipate that we will keep it at a manageable scale to preserve its intimacy and relevance, because we want to ensure that everyone who attends can actively and comfortably participate.”
About Demotech, Inc.
Demotech, Inc. is a financial analysis firm specializing in evaluating the financial stability of regional and specialty insurers. Demotech's philosophy is to review and evaluate insurers based on their area of focus and execution of their business model rather than solely on financial size. Visit http://www.demotech.com for more information.
About WaterStreet Company
WaterStreet Company is based in Bigfork, Mont., but serves insurers nationwide. Its mission is to deliver value to small and midsize P&C insurers by supporting their operational and technology needs so they can work more efficiently, manage headcount and cost, and focus on their core objectives. Visit us at http://www.waterstreetcompany.com.