Ep 206 Demotech President and Co-Founder, Joseph Petrelli

Published: Feb. 6, 2023, 1:57 p.m.

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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\\u2019t want to miss. Demotech leverages information to help assign an informed Financial Stability Rating\\xae (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\\u2019s balance sheet over time.

Joe\\u2019s 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\\u2019s emphasis on \\u201centerprise risk management,\\u201d 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\\u2019s services, their Faith-Based Sharing ReviewTM, Joe\\u2019s experience, and more.

To learn more about Demotech, visit https://www.demotech.com.

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