Joseph L. Petrelli, ACAS, ASA, MAAA, FCA, is the founder and president of Demotech, Inc. He has more than 40 years of progressively responsible property and casualty actuarial and financial analysis experience. He has extensive experience with loss and loss adjustment expense reserve evaluation, product development, and pricing for virtually all property and casualty and title insurance products as well as expertise with loss cost filings, Financial Stability Ratings®, and merger and acquisition valuations.
Mr. Petrelli has been employed in the property and casualty insurance industry since 1969. He has been actively engaged in the title insurance industry since 1992. Prior to founding Demotech, he was employed by a large national property and casualty insurer, a regional property and casualty insurer, and the Insurance Services Office. He has a Bachelor of Science in Business (Actuarial Science) from St. John’s University (The College of Insurance) and a Masters of Business Administration from Ohio State University.
In this episode you can feel Mr. Petrelli’s passion for his profession and his dedication and hard work towards helping to promote a healthy insurance industry. His respect and recognition towards “uniqueness” is one of the tools he uses in his commitment to help others thrive. His “open door” policy makes him accessible and transparent to help others get the answers and solutions available to them. This is why it doesn't surprise us that the mission statement for his company is: “Demotech, Inc. will become the leading provider of innovative solutions to financial analysis issues by focusing our resources on niches presenting opportunity for corporate growth.”
Established in 1985, Demotech is a financial analysis firm located in Columbus, Ohio. Demotech has served the insurance industry by providing accurate and proven Financial Stability Ratings® (FSRs) as well as consulting services for Property & Casualty insurance companies and Title underwriters.
As an independent financial analysis firm, Demotech has a proven track record of predicting financial stability in the insurance industry. As the first company to have its rating process formally reviewed and accepted by Fannie Mae, Freddie Mac, and HUD, Demotech has been leveling the playing field by offering FSRs to insurers of all sizes.
For more information about Joseph Petrelli and Demotech, Inc., please follow them on LinkedIn.
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