On this episode of Risk Management: Brick by Brick, Jason Reichl is joined by Brian Fielkow, Executive Vice President of Risk Resources, and David Weinstein, Head of Risk in Claims for the Western Region at Acrisure. Together, they explore how organizational culture impacts risk management, the importance of regional expertise in risk assessment, and the evolution of technology in the insurance industry.This enlightening conversation delves into why risk management must be a boardroom priority and how companies can create a culture that promotes safety while driving growth. From leveraging AI to maintaining human connections, discover how modern risk management is transforming business operations.To find out how TrustLayer manages risk so that people can build the physical world around us, head to TrustLayer.io.Podcast Host: Jason ReichlExecutive Producer: Don HalliwellEpisode Highlights:00:00 - Intro and Guest Backgrounds02:24 - Regional Structure of Risk Management03:26 - Culture as a Hidden Risk Factor05:18 - Data-Driven Approach to Risk Assessment09:47 - Risk Management in the Boardroom16:14 - Technology Integration and Change Management21:44 - Balancing Punitive and Affirmative Approaches24:32 - Evolution of Broker-Client Relationships34:14 - Risk Management's Impact on Growth41:09 - AI and Traditional Risk Assessment MethodsEpisode Resources:Brian Fielkow's LinkedInDavid Weinstein's LinkedInAcrisureTrustLayerIf you enjoyed this episode, please (with a cherry on top):Subscribe, rate, and review it on Apple PodcastsFollow TRS on SpotifyTell a friend!Risk Management: Brick by Brick is handcrafted by our friends over at: fame.soPrevious guests include: Seth Hausman of Kraus-Anderson Insurance, Matthew Meyer of The Horton Group, Diana Rich of Foundation Building Materials, Christy McHenry of Suffolk Construction, Mark Rieder of NFP, and Cory Mangum of Primoris Services Corporation. Check out the three most downloaded episodes: Managing Your Risk Portfolio with Seth HausmanFocusing on Specialization with Matthew MeyerRisk Management is Everywhere with Diana RichIf you are interested in being a guest on Risk Management: Brick by Brick, please complete this form: fame.so/trs-guest

Recorded live at the 2024 IRMI Construction Risk Conference, host Jason Reichl sits down with Adrian Pellen, Managing Director & Co-Leader of NFP's North American Construction & Infrastructure Group. With over 20 years of experience in the industry, Adrian leads NFP's construction and infrastructure team across the U.S. and Canada, bringing deep expertise in risk management and insurance solutions for complex construction projects.In this special IRMI episode, Jason and Adrian explore the intersection of technology, risk control, and productivity in construction. They discuss how the industry is moving beyond traditional contractual controls to embrace technological solutions, the impact of AI on risk assessment, and the future of infrastructure development in America. Drawing from his extensive background, Adrian shares insights on how technology is revolutionizing risk management in construction.To find out how TrustLayer manages risk so that people can build the physical world around us, head to TrustLayer.io.Podcast Host: Jason Reichl Executive Producer: Don HalliwellEpisode Highlights:00:00 - Intro and Adrian's background01:30 - Evolution of risk controls in construction02:30 - McKinsey report on construction productivity03:30 - Technology as an enabler amid labor shortages05:30 - AI and data integration challenges07:30 - COI compliance as a risk indicator09:20 - The broker's evolving role in technology12:30 - NFP and Aon partnership insights14:00 - Infrastructure spending outlook16:30 - Managing talent crisis and project costsEpisode Resources:NFP Construction & InfrastructureTrustLayerIf you enjoyed this episode, please (with a cherry on top):Subscribe, rate, and review it on Apple PodcastsFollow TRS on SpotifyTell a friend!Risk Management: Brick by Brick is handcrafted by our friends over at: fame.soPrevious guests include: Seth Hausman of Kraus-Anderson Insurance, Matthew Meyer of The Horton Group, Diana Rich of Foundation Building Materials, Christy McHenry of Suffolk Construction, Mark Rieder of NFP, and Cory Mangum of Primoris Services Corporation. Check out the three most downloaded episodes: Managing Your Risk Portfolio with Seth HausmanFocusing on Specialization with Matthew MeyerRisk Management is Everywhere with Diana RichIf you are interested in being a guest on Risk Management: Brick by Brick, please complete this form: fame.so/trs-guest

In this Greatest Hits episode of Risk Management: Brick by Brick, Jason Reichl is joined by Haley Weis, Senior Risk Analyst at Weis Builders, a well-established and respected construction company. Haley plays a critical role in assessing and mitigating potential risks associated with the company’s projects, utilizing her analytical skills to effectively evaluate project-specific risks, develop mitigation strategies, and implicate risk management protocols.In this episode, Jason and Haley discuss the challenges of risk management in the construction industry. From managing vendors and subcontractors to addressing the lack of skilled labor, they offer valuable insights into effective risk management strategies and the importance of communication, collaboration, and a holistic approach to success.To find out how TrustLayer manages risk so that people can build the physical world around us, head to TrustLayer.io. Risk Management: Brick by Brick is handcrafted by our friends over at: fame.soPrevious guests include: Seth Hausman of Kraus-Anderson Insurance, Matthew Meyer of The Horton Group, Diana Rich of Foundation Building Materials, Christy McHenry of Suffolk Construction, Mark Rieder of NFP, and Cory Mangum of Primoris Services Corporation. Check out the three most downloaded episodes: Managing Your Risk Portfolio with Seth HausmanFocusing on Specialization with Matthew MeyerRisk Management is Everywhere with Diana RichIf you are interested in being a guest on Risk Management: Brick by Brick, please complete this form: fame.so/trs-guest

On the latest episode of Risk Management: Brick by Brick, Jason Reichl sits down with Henry Kowal, Director of Product Management at Arity, a technology company spun out of Allstate in 2016. The conversation, recorded at ITC (InsureTech Connect), explores how Arity is leveraging an unprecedented scale of driving data to revolutionize insurance pricing and risk assessment.Henry shares insights on how Arity collects and analyzes over 1.3 billion miles of driving data daily, transforming how insurance companies evaluate risk and price policies. Through partnerships with connected cars and consumer apps, Arity is making insurance pricing more equitable by basing it on actual driving behavior rather than traditional proxy measures.To find out how TrustLayer manages risk so that people can build the physical world around us, head to TrustLayer.io.Podcast Host: Jason ReichlExecutive Producer: Don HalliwellEpisode Highlights:00:00 - Intro00:40 - Arity's background and mission02:00 - Scale of driving data collection03:00 - Real-time vs. traditional insurance pricing04:30 - Data partnerships and sources05:30 - Credit scores vs. driving behavior07:30 - Changes in driving behavior analysis09:40 - Self-selection bias in telematics11:00 - Territorial pricing innovations13:15 - Commercial applications potentialEpisode Resources:ArityTrustLayerIf you enjoyed this episode, please (with a cherry on top):Subscribe, rate, and review it on Apple PodcastsFollow Risk Management: Brick by Brick on SpotifyTell a friend!Risk Management: Brick by Brick is handcrafted by our friends over at: fame.soPrevious guests include: Seth Hausman of Kraus-Anderson Insurance, Matthew Meyer of The Horton Group, Diana Rich of Foundation Building Materials, Christy McHenry of Suffolk Construction, Mark Rieder of NFP, and Cory Mangum of Primoris Services Corporation. Check out the three most downloaded episodes: Managing Your Risk Portfolio with Seth HausmanFocusing on Specialization with Matthew MeyerRisk Management is Everywhere with Diana RichIf you are interested in being a guest on Risk Management: Brick by Brick, please complete this form: fame.so/trs-guest

On the latest episode of Risk Management: Brick by Brick, Jason Reichl is joined by Hugues Bertin, a French actuary who has spent the last 20 years in Latin America. As the president of the Pan American InsurTech Alliance (AIP), Hugues shares insights on the unique challenges and opportunities in the Latin American insurance market.In this episode, Jason and Hugues explore the stark differences between insurance penetration in Latin America versus developed markets, the impact of climate risk, and the transformative potential of InsurTech in the region.To find out how TrustLayer manages risk so that people can build the physical world around us, head to TrustLayer.io.Podcast Host: Jason ReichlExecutive Producer: Don HalliwellEpisode Highlights:00:00 - Intro00:35 - Hugues' Background in Latin America01:15 - Insurance Climate in Latin America vs. North America02:10 - Market Growth and Middle Class Evolution03:00 - Three-Pronged Approach to Market Development04:20 - Insurance Penetration Challenges07:30 - Market Resilience and Adaptability08:00 - InsurTech Chile and Regional Collaboration09:10 - Financing Challenges for InsurTech10:00 - Regulatory Environment and Stakeholder CollaborationEpisode Resources:Pan American InsurTech Alliance (AIP)Hugues' LinkedInTrustLayerIf you enjoyed this episode, please (with a cherry on top):Subscribe, rate, and review it on Apple PodcastsFollow Risk Management: Brick by Brick on SpotifyTell a friend!Risk Management: Brick by Brick is handcrafted by our friends over at: fame.soPrevious guests include: Seth Hausman of Kraus-Anderson Insurance, Matthew Meyer of The Horton Group, Diana Rich of Foundation Building Materials, Christy McHenry of Suffolk Construction, Mark Rieder of NFP, and Cory Mangum of Primoris Services Corporation. Check out the three most downloaded episodes: Managing Your Risk Portfolio with Seth HausmanFocusing on Specialization with Matthew MeyerRisk Management is Everywhere with Diana RichIf you are interested in being a guest on Risk Management: Brick by Brick, please complete this form: fame.so/trs-guest

On the latest episode of Risk Management: Brick by Brick, Jason Reichl is joined by Laura Doddington from WTW, discussing innovation in insurance technology and data intelligence.In this episode, Jason and Laura explore externalized rating and underwriting, the evolution of data analytics in insurance, and how technology is transforming customer experience in personal lines insurance.To find out how TrustLayer manages risk so that people can build the physical world around us, head to TrustLayer.io.Podcast Host: Jason ReichlExecutive Producer: Don HalliwellEpisode Highlights:00:00 - Intro00:37 - Externalized Rating and Underwriting Explained01:50 - Technology Implementation Challenges03:04 - Data Intelligence Beyond Pricing03:50 - AI and Machine Learning in Claims05:06 - The Gap Between Data Collection and Execution06:35 - Evolution of Data Analytics in Insurance07:41 - Making Data Work for Customers09:07 - Career Opportunities in InsuranceEpisode Resources:Laura's LinkedInWTWTrustLayerIf you enjoyed this episode, please (with a cherry on top):Subscribe, rate, and review it on Apple PodcastsFollow Risk Management: Brick by Brick on SpotifyTell a friend!Risk Management: Brick by Brick is handcrafted by our friends over at: fame.soPrevious guests include: Seth Hausman of Kraus-Anderson Insurance, Matthew Meyer of The Horton Group, Diana Rich of Foundation Building Materials, Christy McHenry of Suffolk Construction, Mark Rieder of NFP, and Cory Mangum of Primoris Services Corporation. Check out the three most downloaded episodes: Managing Your Risk Portfolio with Seth HausmanFocusing on Specialization with Matthew MeyerRisk Management is Everywhere with Diana RichIf you are interested in being a guest on Risk Management: Brick by Brick, please complete this form: fame.so/trs-guest

In this Greatest Hits episode of Risk Management: Brick by Brick, Jason Reichl is joined by Marco Romero, Risk Management & Claims Specialist at Harkins Builders, a leading construction management and general contracting firm. Prior to joining Harkins, Marco spent nearly a decade working in Risk Consultancy at Simmerer Insurance. With such a strong background, Marco is a trusted advisor within his company and beyond.In this episode, Jason and Marco discuss the importance of effective communication, gathering information, and using tools such as centralized data systems to manage risk. Further, they touch on the potential future of risk management in the construction industry, and the potential for automation to make the life of a risk manager easier.To find out how TrustLayer manages risk so that people can build the physical world around us, head to TrustLayer.io. Episode Highlights:04:14 - 07:39 — Managing the Three Buckets of Risk Management - Risk management can be broken down into three buckets: governance, known execution, and mitigation. Effective communication is key to balancing the three and managing the process from start to finish. Unfortunately, it is impossible to be an expert in everything, so having an open channel of communication between the experts in each department allows for preparation for all risk cases. 09:28 - 11:37 — Communicating the Inherent Risk of a Decision - Marco’s organization uses an internal centralized grading system to communicate the inherent risks of decisions. It is majority based on historical data gathered from everywhere, including external to the organization. It provides the reasoning for making decisions, and allows for an archive to be created for every project team reference in new projects. This allows for the creation of new approaches, and for learning from the past. 11:37 - 15:58 — Fostering Effective Communication and Engagement with Vendors - Working with vendors is a partnership, and Marco sees every trade partner as a true partner on the projects they are working on. To Marco, the best way to foster engagement and collaboration with partners is to engage in face-to-face and telephone conversations. Avoid leaving anyone in the dark as you are all trying to achieve the same goal. Allowing everyone a voice helps to encourage partnerships that thrive and are maintained over time. Further, not every trade partner will be an insurance expert, and so it is important to lay clear the expectations and processes that will be involved. Maintain communication and hear them out; show them you’re people they want to work with.19:21 - 21:12 — Managing When Things Go Wrong - Risk managers have to expect unexpected incidents to occur, and figure out how to resolve them. One key method is to maintain transparency across all parties. It can feel as if insurance carriers are the ‘bad guys’, but really they are working towards the same goal, to get the right risk mitigation measures in place to prevent things getting out of control if a situation goes awry. Everyone needs to be kept in the loop.Episode resources:Marco’s LinkedInHarkins Builders LinkedinTrustLayer If you enjoyed this episode, please (with a cherry on top):Subscribe, rate, and review it on Apple PodcastsFollow TRS on SpotifyTell a friend!Risk Management: Brick by Brick is handcrafted by our friends over at: fame.soPrevious guests include: Seth Hausman of Kraus-Anderson Insurance, Matthew Meyer of The Horton Group, Diana Rich of Foundation Building Materials, Christy McHenry of Suffolk Construction, Mark Rieder of NFP, and Cory Mangum of Primoris Services Corporation. Check out the three most downloaded episodes: Managing Your Risk Portfolio with Seth HausmanFocusing on Specialization with Matthew MeyerRisk Management is Everywhere with Diana RichIf you are interested in being a guest on Risk Management: Brick by Brick, please complete this form: fame.so/trs-guest

On the latest episode of Risk Management: Brick by Brick, Jason Reichl is joined by James Benham, founder of JBKnowledge and experienced pilot, who shares insights on innovation in insurance technology, aviation safety practices, and the importance of education in risk management.In this episode, Jason and James explore how AI and automation are transforming claims management, the value of knowledge sharing in risk mitigation, and the parallels between aviation safety and risk management practices.To find out how TrustLayer manages risk so that people can build the physical world around us, head to TrustLayer.io.Podcast Host: Jason ReichlExecutive Producer: Don HalliwellEpisode Highlights:00:00 - Intro02:21 - Insurance Industry's Early Tech Adoption04:03 - Leveraging Unstructured Data in Claims09:33 - Teaching and Innovation in Insurance12:32 - Education's Role in Risk Management17:49 - Attracting Young Talent to Insurance20:58 - Bootstrapping vs VC Funding27:23 - Aviation Safety Culture and Risk Management29:49 - Knowledge Sharing in Risk Management31:14 - Decision-Making in High-Risk SituationsEpisode Resources:- James's LinkedIn- JB Knowledge- TrustLayerIf you enjoyed this episode, please (with a cherry on top):Subscribe, rate, and review it on Apple PodcastsFollow Risk Management: Brick by Brick on SpotifyTell a friend!Risk Management: Brick by Brick is handcrafted by our friends over at: fame.soPrevious guests include: Seth Hausman of Kraus-Anderson Insurance, Matthew Meyer of The Horton Group, Diana Rich of Foundation Building Materials, Christy McHenry of Suffolk Construction, Mark Rieder of NFP, and Cory Mangum of Primoris Services Corporation. Check out the three most downloaded episodes: Managing Your Risk Portfolio with Seth HausmanFocusing on Specialization with Matthew MeyerRisk Management is Everywhere with Diana RichIf you are interested in being a guest on Risk Management: Brick by Brick, please complete this form: fame.so/trs-guest

Sharon Fox, Vice President of Partnerships & Strategy at TrustLayer, dives into the transformative impact of technology on the insurance industry. With expertise in data and risk management, she shares her unique journey and the importance of staying curious in a rapidly evolving landscape. The conversation highlights the need for modernization in both client-facing and back-office operations, challenges common misconceptions about the market, and emphasizes the significance of consultative services and effective collaboration in enhancing risk management.

On the latest episode of Risk Management: Brick by Brick, Jason Reichl is joined by Paul Hedgepath, Director of Virtual Construction at M. J. Harris Construction Services. In this episode, Jason and Paul explore virtual construction and building information modeling (BIM), as well as AI, advice for newcomers, and lean construction principles. To find out how TrustLayer manages risk so that people can build the physical world around us, head to TrustLayer.io.Podcast Host: Jason ReichlExecutive Producer: Don HalliwellEpisode Highlights: 00:00 - Intro 02:29 - Early Days of BIM Adoption07:44 - Collaboration with Project Managers and Trades10:25 - Integrating Virtual and Real-world Construction12:45 - Lean Principles and Technology16:16 - Kickoff Meetings: Aligning Project Teams19:19 - AI in Daily Construction Practices21:47 - Smart AI Adoption: Bottom-Up Approach25:24 - Risk Over Stagnation 27:22 - Learning from PeersEpisode resources:Paul’s LinkedInTrustLayerIf you enjoyed this episode, please (with a cherry on top):Subscribe, rate, and review it on Apple PodcastsFollow Risk Management: Brick by Brick on SpotifyTell a friend!Risk Management: Brick by Brick is handcrafted by our friends over at: fame.soPrevious guests include: Seth Hausman of Kraus-Anderson Insurance, Matthew Meyer of The Horton Group, Diana Rich of Foundation Building Materials, Christy McHenry of Suffolk Construction, Mark Rieder of NFP, and Cory Mangum of Primoris Services Corporation. Check out the three most downloaded episodes: Managing Your Risk Portfolio with Seth HausmanFocusing on Specialization with Matthew MeyerRisk Management is Everywhere with Diana RichIf you are interested in being a guest on Risk Management: Brick by Brick, please complete this form: fame.so/trs-guest