PAMIC News and Updates

Join us for our 2023 Annual Spring Conference located at the Hershey Lodge on March 8-9, 2023. This year, PAMIC’s program focuses on hot topics in the industry such as property reinsurance, parametrics, cyber risk issues, and industry results. The event kicks off with a networking reception on the evening of March 8th, 2023.

Additionally, registration is open for the PAC breakfast on the morning of March 9. The PAMIC PAC will be hosting Alex Halper, Vice President, Government Affairs of the PA Chamber, to this breakfast prior to the start of Annual Spring Conference. 

Register for Breakfast  Register for Annual Spring Conference

We would formally like to introduce our 2023 Annual Sponsors! Thank you all for your continued support to the mutual insurance industry!

As we return to more in-person events this year, PAMIC has held a number of successful events, including networking and charity-related events.  Here are some recaps to our great year:

• PAMIC Assist PID with NextGen Academy 
• PAMIC Attends State Insurance Trade Association (SITA) Conference
• PAMIC Meets with PA Insurance Department
• Fall Conference:  First Joint Underwriting and IT and Summit
• Financial Management Seminar Overview
• PAMIC hosts successful 115th MAMAC Convention at the Greenbrier
• MAMAC Attendees Raise $32,000 for the Mountaineer Food Bank: Pennsylvania Lumbermens Mutual, Roanoke Valley Claims Service, and Lititz Mutual Raise the Bar
• Executive and Board Round Table Top Issues
• PAMIC members support United Way Charity event at BSSF
• NAMIC Congressional Contact Program (NCCP)
• Welcome New PAMIC President: Lisa Katterman, Esq.
• Mutual Insurance Day
• Claims Summit Resumes with Over 300 in Attendance
• PAMIC meets with IA&B to team on 2023 Events

Please also consider joining us for our first 2023 Webinar - Ungarean, Macmiles and the Future of COVID Cases free to PAMIC members only to be held January 5th, from 10-11 am.  Register on the PAMIC website at pamic.info/event-5078442.  On December 28th, PAMIC agreed to participate in an amicus brief, along with APCIA, IFP and others, in support of CNA’s request to the PA Supreme Court to take up an appeal of the Ungarean case. 

Happy New Year to All!  PAMIC and its staff look forward to a healthy and prosperous new year with its amazing members.  

PAMIC Annual Sponsorship is open and available for the 2023 year! Throughout the year, PAMIC hosts a variety of educational events that attract insurance executives from many areas the mutual insurance industry. Sponsoring will keep your company relevant while showing support for the industry. 

SPONSORING PAMIC WILL:

• Support the Insurance Industry
• Generate strong leads by drawing in interested clients
• Put your company front and center, boosting credibility and giving your business authority over competitors
• Promote your company in front of your target audience at a specific industry-related educational seminar (i.e. Claims, Underwriting, Financial Management)
• Grant your company brand awareness and media exposure via LinkedIn, Facebook, Twitter, and more
• Increase your reach to new clients, customers, and businesses, some of which you may not have even been aware
• Reconnect with clients and engage with an audience to maintain strong business relations
• Deliver great ROI by keeping sponsorship costs low compared to similar industry-related organizations, but promoting to a more direct audience

Annual Sponsorship Highlights:

• Platinum level sponsors receive complimentary event registrations
• Company logos are displayed on marketing and event materials
• Sponsors are updated with expected attendance lists up to two weeks before the event
• Sponsors are acknowledged on social media, PAMIC website, PAMIC publications, and many other areas
• Platinum and Signature sponsors require only a one time payment for the broadest reach of PAMIC membership

Learn more about sponsorship

Are you looking to get more involved in 2023? PAMIC is looking for our next group of dedicated professionals to volunteer on our committees. Committee volunteering is exclusive for PAMIC members only and allows members to get involved in the planning of PAMIC events. Committee members provide insight into the topics based on the industry's needs. Thank you all who have and continue to serve our organization!

Committee registration for 2023 ends on December 31. Please be sure to reserve your seat! If you wish to remain on a committee, please register using the link below or contact Becky Ferris at rferris@pamic.org.

Get Involved

On Monday, November 14, PAMIC had the opportunity to attend the 2022 NextGen Academy hosted by the Pennsylvania Insurance Department at St. Joseph's University. Students from a variety of majors, including risk management, finance, actuarial studies, and more, learned about the functions of the PID, emerging insurance issues, and the many careers in insurance. A job fair topped off the day with these amazingly insightful students.

Looking to learn more about the academy? Click here.

Thank you Stradley Ronon for inviting PAMIC to attend the Annual St. Joseph's University . Special congratulations to Michael L. Angelina selected to receive the Executive of the Year Award.  Mr. Angelina has been a driving force behind St. Joe's ranking as a top insurance/risk management program in the nation.  In his remarks, Mr. Angelina stressed that Insurtech, Diversity and Thought Leadership are some of the current goals of the program.

Last week, PAMIC hosted our first ever combined IT and Underwriting Summit at the Eden Resort in Lancaster PA. The event was attended by over 100 IT, underwriting and other insurance professionals along with students from Alvernia University. Our agenda topics were as follows:

• Data Analytics & the Transformation of the Industry presented by John Ehinger
• PA & NAIC Cybersecurity Update presented by David Buono, Deputy Insurance Commissioner
• Risk Concentration Today Moderated by Matthew Holden, Vice President, Farmers Fire 
• Data Analytics "State of the Union" presented by Eric Weisburg, Senior Principal, Aite-Novarica
• Data Analytics in Practice presented by Peter Kraynak, Insurance724
• Underwriting in an Inflationary Environment Moderated by Kevin Finn, Mutual Capital Analytics
• Automated Underwriting presented by Stephen Goris, VP Analytics, BizXcel
• Anytime Risk Management presented by Jeff Hendershot, Loss Control Engineering Director, Pennsylvania Lumbermans

Underwriting and insurtech increasingly intersect as the industry embraces technology in this space. Insurtech can help underwriters better assess risk, do their job more efficiently and help their companies be more profitable. Additionally, underwriters insight helps the IT professionals determine how this technology is integrated into operations.  

It is for this reason we offer a NEW overnight education and networking event.  The Fall IT & Underwriting Summit will kick off with an evening reception and then move on to a day full of education for BOTH the Insurtech and Underwriting sides of our industry.  Expect combined general sessions, as well as break-out sessions dedicated to each topic. Attendees of our previous annual IT Seminars and annual Underwriting Seminars will find this to be valuable and the perfect improvement on our previous events!

November 1st, 2022

5pm - 6:30pm - Welcome Reception

8pm - 10pm - Cash Bar

November 2nd, 2022

7:30am - 8:30am:  Breakfast

8:30am - 8:45am:  Opening Remarks

8:45am - 9:45am:  Data Analytics & the Transformation of the Industry

Insurance carriers of all shapes and sizes – and Not just the leading ones – are using data like never before through advanced analytics to reimagine how to evaluate risks, to reinvent the customer journey, and to rethink how decisions are made in underwriting and loss prevention. Any insurance company’s underwriting and risk capabilities, along with its agents and policyholders, can be empowered and even transformed by data analytics.

9:45am - 10:30am:  PA & NAIC Cybersecurity Update 
David Buono, Deputy Insurance Commissioner

10:30am - 11:00am:  Exhibit Hall Refreshment & Networking Break

11:00am - 12:00pm: Risk Concentration Today
Moderated by Matthew Holden, Assistant Vice President, Farmers Fire 

This session will take a dive into the evolving world of risk concentration. Topics discussed will include challenges faced in the evaluation of risk and the tools and help available to assist carriers. Also covered will be various impacts on the shifting landscape of concentration of risk, including regional issues and climate change.

12:00pm - 1:30pm:   Lunch

1:30pm - 2:20pm:   Data Analytics "State of the Union" 
Eric Weisburg, Senior Principal, Aite-Novarica

Data analytics is being used to create new capabilities within the insurance space. Insurers are improving their organizations by utilizing a more data-driven approach to decision-making. In this session, we will look at some of the ways insurers are leveraging new technologies to enhance efficiency and gain insight into new opportunities in the marketplace.​

2:30pm - 3:30pm:   Breakout Sessions (CHOOSE YOUR SESSION)

Data Analytics in Practice
Peter Kraynak, Insurance724

Learn how three mutual insurance companies have leveraged data analytics on a practical level for underwriting and technology personnel. We will review the business drivers, skill sets, and approach utilized through industry case studies including specific data strategies and technology.

OR

Underwriting in an Inflationary Environment
Moderated by Kevin Finn, Mutual Capital Analytics

As inflation has reared its ugly head for the first time in decades, underwriters are challenged to manage the impact to growth and profitability for both the short and long term.  This session will explore the impacts that inflation is having across different lines of insurance and how underwriters are managing both the changes to exposure valuations and loss costs.

3:30pm - 4:30pm:   Breakout Sessions (CHOOSE YOUR SESSION)

Automated Underwriting
Stephen Goris, VP Analytics, BizXcel

In this session, you will gain an understanding of what “Automated Underwriting” means, general guidelines for implementation, the importance of communicating a vision, developing a roadmap with well-defined goals, and how the insurance industry is using automation to gain efficiencies throughout the Underwriting Journey. The ability to elevate the Underwriting experience, better assess risk, deliver innovation, and enhance efficiencies throughout the insurance value-chain utilizing the power of automation will continue to be of paramount importance.

OR

Anytime Risk Management
Jeff Hendershot, Loss Control Engineering Director, Pennsylvania Lumbermans

Loss/Risk Control surveys play a critical role in helping insurance underwriters evaluate and price risk. Many commercial insurance companies were hindered in performing physical surveys at customers sites during the pandemic. Self-survey tools bring a solution to this problem. This presentation will look at how self-surveys can work, results from tested processes, and where the future of these programs is headed. 

Learn More