The Art & Science of MGAs - Tricura's Approach To Underwriting & Covering Skilled Nursing Facilities E631

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