Ep 206 – Demotech President and Co-Founder, Joseph Petrelli
Join Rob and Lee as they talk with Joseph "Joe" Petrelli, President and Co-founder of Demotech on this episode of FNO: Insuretech you don’t want to miss. Demotech leverages information to help assign an informed Financial Stability Rating® (FSR). FSRs help level the playing field for financially stable insurers and are based upon a series of quantitative ratios and certain qualitative factors. The rating process provides an objective baseline for assessing solvency based upon changes in financial stability, as presented in an insurer’s balance sheet over time. Joe’s insight and innovation have resulted in many firsts within the industry, including a model for assigning FSRs based on balance sheet strength and financial integrity, the development and utilization of a Management Audit Process well in advance of today’s emphasis on “enterprise risk management,” an ongoing analysis to evaluate assigned FSRs relative to insurer survival rates, and the development of a procedure to review and rate start-up insurance companies. Join Rob and Lee as they talk about ratings, Demotech’s services, their Faith-Based Sharing ReviewTM, Joe’s experience, and more. To learn more about Demotech, visit https://www.demotech.com.