Insurance Company Operations

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Available
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Instruction Hours 16
Topics Insurance Company Operations
Programs Certified Insurance Counselors Institutes (CIC)
Start Date Sep 25, 2019
End Date Sep 27, 2019
Learning Options Traditional Classroom

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Topics Covered:

  • Executive Strategies, Regulation & Compliance
  • Actuarial Practices & Accounting
  • Product Development
  • Agency/Policyholder Services
  • Underwriting
  • Claims

Virginia Beach, VA
September 25-27, 2019
7:30 AM Registration
Sheraton Virginia Beach Oceanfront Hotel
3501 Atlantic Avenue
Virginia Beach, VA 23451
800-325-3535

This event is being conducted by the PIA of Virginia & District of Columbia

Insurance Company Operations Institute

The Insurance Company Operations Institute describes how insurance companies function and why that is important to all insurance and risk management professionals. Learn about the important strategic decisions and tactics used in product development, underwriting, distribution, claims, and other vital company departments.

Topics Covered:

  • Executive Strategies, Regulation & Compliance
  • Actuarial Practices & Accounting
  • Product Development
  • Agency/Policyholder Services
  • Underwriting
  • Claims

Participants will:

Understand the executive level strategies used to determine an insurance companies structure and the regulations and compliance requirements unique to the business. These executive level decisions will include the lines of business, geographic territory, personnel structure, delivery systems, and the use of reinsurance.

Gain knowledge on the role of product development and its importance to the livelihood of an insurance company. The information will range from developing a new product, making coverage adjustments, and anticipating coverage for emerging industries. The involvement of actuaries throughout product development will also be examined.

See why the role of underwriting is so important and how the underwriter is key to this process. Differences in company philosophies and guidelines will be analyzed. The functions described will include underwriting, loss control, and premium audit.

Take a close look at the importance of the relationship between the insurance company and those appointed to distribute their products and services. This will include examining how the company meets the needs of policyholders – from appointing insurance agencies to providing 24/7 customer service.

Explore the claims function from the steps in the claims process, how the claims department interacts with other departments, claim investigation, claim payment, and claim reserving practices.


 

Faculty

Faculty Name

Michael DeHetre

Bio Detail

Mike DeHetre is Vice President of Underwriting for Berkley Small Business Services in Wilmington, DE. Mike began his career in the insurance industry in 1993 after receiving his Bachelor's degree in Business from the University of Maryland. He subsequently earned his M.B.A. from the University of Connecticut. Mike received his CIC designation in 2002 and his CRM designation in 2008. Mike traces the path of his career across the United States including Maryland, Colorado, New Mexico, Minnesota, Arizona, Texas, North Carolina, and Connecticut with companies including USF&G, The Hartford and Acadia. He has had the opportunity to watch the growth and development of the small commercial segment in particular from the use rating manuals, to rating disks and dial-up mainframe access, to the proliferation of mobile technologies today. Mike's passion for education has led him to many teaching opportunities throughout his career. He's excited to continue to bring his enthusiasm and commitment to the industry to many more groups in the future.

Faculty Name

Allen Messer

Bio Detail

Allen Messer began his insurance career in March of 1971. He has worked for several different insurance companies in various capacities and has been involved in the independent agency system as a producer and agency owner. Allen currently consults agencies, companies, risk managers, and attorneys as well as instructs various seminars and live webinars. He earned his CPCU designation in 1981 where he received the Distinguished Graduate Award for attaining the highest academic average in the Nation. He earned his CIC designation in 1977 and serves as an Educational Consultant and is a National Faculty member of The National Alliance for Insurance Education & Research.