Derek Lynch
Chief Underwriting Officer @Rethought Flood
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WORK HISTORY
Chief Underwriting Officer @Rethought Flood
Richmond, VA, US
As Chief Underwriting Officer I lead and mentor the underwriting teams, develop new programs including forms, rates, aggregations and distribution strategy. I have used traditional insurance techniques as well as natural catastrophe models, Artificial Intelligence, and patents pending data approaches to profitably underwrite the peril of flood. This success has allowed me to consistently secure more capacity partners, broader underwriting guidelines and more favorable rating plans. The forms that I have developed have been accepted and used for policies through domestic, London and other international carriers. The roles has required expertise and flexibility to have my teams work on policies from a typical single family home to multi-billion dollar national schedules. This role has meant working with leading and mentoring remote teams across the country and internationally. Leadership and mentoring have been key to a successful underwriting organization. I oversee compliance and reporting to the various states, insurers and reinsurers. I have grown the premiums almost 300% with an attractive loss ration in my time in this postion.
EDUCATION
University of Lynchburg
Bachelor's degree, Business Administration and Management, General
The Institutes
CPCU, ARM, AIS, AINS, P&C Insurance
SKILLS
ABOUT DEREK LYNCH
A driver for insurance solutions I am focused on translating technology and expertise into cutting edge underwriting and education. An excellent communicator, I have constructed programs ground up, spearheaded forms creation to meet end customer needs, and have had my hand in data analytics and systemization of data into successful underwriting. As an innovator in the flood industry, I have created new approaches including tools such as satellite data, catastrophe models and even patent pending processes with complex data. A collaborative team member, I provide leadership and oversight across compliance, underwriting and service teams, nationally and internationally, to ensure adherence to regulation and best practices.• National Speaker:(in person) In2Risk, CPCU Chapters, Climate and Resiliency Task Force (NAIC), Casualty Actuary Society National Meeting, National Flood Conference, Insurance Innovators USA, Underwriting Innovation USA, AAIS Maine Event, New York Insurance Association, Wisconsin Association of Mutual Insurers, Independent Insurance Agents of Virginia Day on the Hill.(Webinars) CASTIF (NAIC), PRMA, SEND, reThought Flood, Towne Insurance, CPCU Chapters• Author: Insights Magazine, ReThought Flood Research Group, Insurance Nerds• Instructor: Multiple Institutes Courses (for carriers including Kinsale, Markel, James River, Northern Neck and more), State Licensing, State Insurance CE, Insurance For Business Owners. • Expert for Virginia P&C state licensing review.• Designations: CPCU, ARM,AIS, AINS, CBIA. • Degrees: Bachelor\'s degree in Business Administration
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