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Revolutionizing Insurance Ratings: A Deep Dive with Joseph Petrelli
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Welcome to another insightful episode of Founders Journey, where host Jeff is joined by Joseph Petrelli, the founder and CEO of DemoTech. In this engaging conversation, Joseph reflects on his remarkable career in the insurance industry, starting in 1969, and how a Reader's Digest book ignited his passion for actuarial science. From his early days at the Insurance Rating Bureau to his leadership role at Nationwide Insurance, Joseph's journey is one of perseverance and innovation.
The discussion highlights the founding of DemoTech in 1985, an independent rating agency that has redefined rating processes for regional specialty insurance companies, title underwriters, and health care sharing ministries. Joseph dives deep into the complexities of reinsurance, the legal challenges the insurance industry faces, and the crucial role of maintaining adequate reserves.
As the episode concludes, Joseph shares how DemoTech continues to evolve with the ever-changing landscape of the insurance industry, providing listeners with valuable insights into both past and future trends.
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Jeff Shi :
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Joseph Petrelli :
https://www.linkedin.com/in/joseph-petrelli-6a7101b/
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