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 Reichl

Executive Producer: Don Halliwell

Episode Highlights:

• 00:00 - Intro and Guest Backgrounds
• 02:24 - Regional Structure of Risk Management
• 03:26 - Culture as a Hidden Risk Factor
• 05:18 - Data-Driven Approach to Risk Assessment
• 09:47 - Risk Management in the Boardroom
• 16:14 - Technology Integration and Change Management
• 21:44 - Balancing Punitive and Affirmative Approaches
• 24:32 - Evolution of Broker-Client Relationships
• 34:14 - Risk Management's Impact on Growth
• 41:09 - AI and Traditional Risk Assessment Methods
  
  

Episode Resources:

• Brian Fielkow's LinkedIn
• David Weinstein's LinkedIn
• Acrisure
• TrustLayer
  
  

If you enjoyed this episode, please (with a cherry on top):

• Subscribe, rate, and review it on Apple Podcasts
• Follow TRS on Spotify
• Tell a friend!

Risk Management: Brick by Brick is handcrafted by our friends over at: fame.so

Previous 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 Hausman
• Focusing on Specialization with Matthew Meyer
• Risk Management is Everywhere with Diana Rich

If 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 Halliwell

Episode Highlights:

• 00:00 - Intro and Adrian's background
• 01:30 - Evolution of risk controls in construction
• 02:30 - McKinsey report on construction productivity
• 03:30 - Technology as an enabler amid labor shortages
• 05:30 - AI and data integration challenges
• 07:30 - COI compliance as a risk indicator
• 09:20 - The broker's evolving role in technology
• 12:30 - NFP and Aon partnership insights
• 14:00 - Infrastructure spending outlook
• 16:30 - Managing talent crisis and project costs
  
  

Episode Resources:

• NFP Construction & Infrastructure
• TrustLayer
  
  

If you enjoyed this episode, please (with a cherry on top):

• Subscribe, rate, and review it on Apple Podcasts
• Follow TRS on Spotify
• Tell a friend!

Risk Management: Brick by Brick is handcrafted by our friends over at: fame.so

Previous 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 Hausman
• Focusing on Specialization with Matthew Meyer
• Risk Management is Everywhere with Diana Rich

If 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.so

Previous 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 Hausman
• Focusing on Specialization with Matthew Meyer
• Risk Management is Everywhere with Diana Rich

If 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 Reichl

Executive Producer: Don Halliwell

Episode Highlights:

• 00:00 - Intro
• 00:40 - Arity's background and mission
• 02:00 - Scale of driving data collection
• 03:00 - Real-time vs. traditional insurance pricing
• 04:30 - Data partnerships and sources
• 05:30 - Credit scores vs. driving behavior
• 07:30 - Changes in driving behavior analysis
• 09:40 - Self-selection bias in telematics
• 11:00 - Territorial pricing innovations
• 13:15 - Commercial applications potential

Episode Resources:

• Arity
• TrustLayer

If you enjoyed this episode, please (with a cherry on top):

• Subscribe, rate, and review it on Apple Podcasts
• Follow Risk Management: Brick by Brick on Spotify
• Tell a friend!

Risk Management: Brick by Brick is handcrafted by our friends over at: fame.so

Previous 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 Hausman
• Focusing on Specialization with Matthew Meyer
• Risk Management is Everywhere with Diana Rich

If 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 Reichl

Executive Producer: Don Halliwell

Episode Highlights:

• 00:00 - Intro
• 00:35 - Hugues' Background in Latin America
• 01:15 - Insurance Climate in Latin America vs. North America
• 02:10 - Market Growth and Middle Class Evolution
• 03:00 - Three-Pronged Approach to Market Development
• 04:20 - Insurance Penetration Challenges
• 07:30 - Market Resilience and Adaptability
• 08:00 - InsurTech Chile and Regional Collaboration
• 09:10 - Financing Challenges for InsurTech
• 10:00 - Regulatory Environment and Stakeholder Collaboration
  
  

Episode Resources:

• Pan American InsurTech Alliance (AIP)
• Hugues' LinkedIn
• TrustLayer
  
  

If you enjoyed this episode, please (with a cherry on top):

• Subscribe, rate, and review it on Apple Podcasts
• Follow Risk Management: Brick by Brick on Spotify
• Tell a friend!

Risk Management: Brick by Brick is handcrafted by our friends over at: fame.so

Previous 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 Hausman
• Focusing on Specialization with Matthew Meyer
• Risk Management is Everywhere with Diana Rich

If 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 Reichl

Executive Producer: Don Halliwell

Episode Highlights:

• 00:00 - Intro
• 00:37 - Externalized Rating and Underwriting Explained
• 01:50 - Technology Implementation Challenges
• 03:04 - Data Intelligence Beyond Pricing
• 03:50 - AI and Machine Learning in Claims
• 05:06 - The Gap Between Data Collection and Execution
• 06:35 - Evolution of Data Analytics in Insurance
• 07:41 - Making Data Work for Customers
• 09:07 - Career Opportunities in Insurance
  
  

Episode Resources:

• Laura's LinkedIn
• WTW
• TrustLayer

If you enjoyed this episode, please (with a cherry on top):

• Subscribe, rate, and review it on Apple Podcasts
• Follow Risk Management: Brick by Brick on Spotify
• Tell a friend!

Risk Management: Brick by Brick is handcrafted by our friends over at: fame.so

Previous 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 Hausman
• Focusing on Specialization with Matthew Meyer
• Risk Management is Everywhere with Diana Rich

If 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 LinkedIn
• Harkins Builders Linkedin
• TrustLayer 
  
  

If you enjoyed this episode, please (with a cherry on top):

• Subscribe, rate, and review it on Apple Podcasts
• Follow TRS on Spotify
• Tell a friend!

Risk Management: Brick by Brick is handcrafted by our friends over at: fame.so

Previous 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 Hausman
• Focusing on Specialization with Matthew Meyer
• Risk Management is Everywhere with Diana Rich

If 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 Reichl

Executive Producer: Don Halliwell
Episode Highlights:

• 00:00 - Intro
• 02:21 - Insurance Industry's Early Tech Adoption
• 04:03 - Leveraging Unstructured Data in Claims
• 09:33 - Teaching and Innovation in Insurance
• 12:32 - Education's Role in Risk Management
• 17:49 - Attracting Young Talent to Insurance
• 20:58 - Bootstrapping vs VC Funding
• 27:23 - Aviation Safety Culture and Risk Management
• 29:49 - Knowledge Sharing in Risk Management
• 31:14 - Decision-Making in High-Risk Situations

Episode Resources:- James's LinkedIn- JB Knowledge- TrustLayer
If you enjoyed this episode, please (with a cherry on top):

• Subscribe, rate, and review it on Apple Podcasts
• Follow Risk Management: Brick by Brick on Spotify
• Tell a friend!

Risk Management: Brick by Brick is handcrafted by our friends over at: fame.so

Previous 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 Hausman
• Focusing on Specialization with Matthew Meyer
• Risk Management is Everywhere with Diana Rich

If 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 has a guest, Sharon Fox, who is an expert in insurance. Sharon holds the position of Vice President of Partnerships & Strategy at TrustLayer, where she plays a crucial role in driving the company's growth and success. She focuses on creating programs that aid channel, strategic, technology, and data providers on their digital proof of insurance platform.
In this episode, Jason and Sharon engaged in a fascinating discussion regarding various topics, such as the impact of technology in the insurance industry, Sharon's personal journey leading to her current career path, and the significance of staying updated with the latest technological advancements.
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.so

Previous 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 Hausman
• Focusing on Specialization with Matthew Meyer
• Risk Management is Everywhere with Diana Rich

If 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 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 Reichl

Executive Producer: Don Halliwell

Episode Highlights: 

• 00:00 - Intro 
• 02:29 - Early Days of BIM Adoption
• 07:44 - Collaboration with Project Managers and Trades
• 10:25 - Integrating Virtual and Real-world Construction
• 12:45 - Lean Principles and Technology
• 16:16 - Kickoff Meetings: Aligning Project Teams
• 19:19 - AI in Daily Construction Practices
• 21:47 - Smart AI Adoption: Bottom-Up Approach
• 25:24 - Risk Over Stagnation 
• 27:22 - Learning from Peers

Episode resources:

• Paul’s LinkedIn
• TrustLayer

If you enjoyed this episode, please (with a cherry on top):

• Subscribe, rate, and review it on Apple Podcasts
• Follow Risk Management: Brick by Brick on Spotify
• Tell a friend!

Risk Management: Brick by Brick is handcrafted by our friends over at: fame.so

Previous 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 Hausman
• Focusing on Specialization with Matthew Meyer
• Risk Management is Everywhere with Diana Rich

If you are interested in being a guest on Risk Management: Brick by Brick, please complete this form: fame.so/trs-guest