In this episode of Profiles in Risk - Nick spoke with Matthew Queen co-founder and COO of Tricura, an MGA specializing in liability risks for skilled nursing facilities.

About the Guest
- Company: Tricura
- Focus: Managing General Agent (MGA) in the insurance industry
- Expertise: Skilled nursing facilities and specialized risk management

Key Topics Discussed:

1. MGA Model Evolution
- Comparison with traditional carrier models
- Increased agility and innovation capabilities
- Role in modern insurance market
- Specialization advantages

2. Technology and Risk Management
- Integration of modern technology
- Challenges with legacy systems
- Innovation in underwriting processes
- Data-driven decision making

3. Underwriting Approach
- State law considerations
- Decision-making speed
- Risk assessment methodology
- Portfolio management strategies

4. Actuarial and Underwriting Dynamics
- Comparison of actuaries to fortune tellers
- Underwriter role as calculated risk-takers
- Modern hedge fund-like approach
- Balance of art and science in underwriting

5. Strategic Portfolio Management
- Claims payment importance
- Long-term profitability focus
- Risk management strategies
- Portfolio diversification

Additional Context:
- Episode focuses on the evolving role of MGAs in the insurance market
- Highlights the importance of specialization and innovation in insurance
- Discusses the balance between traditional insurance principles and modern approaches
- Emphasizes the importance of agile decision-making in today's market

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