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