Matt Stumm Email & Phone Number

• Drive company growth and profitability for Homeowners P&C insurance.

• Drive company growth and profitability for Homeowners P&C insurance for multiple states. *Collaborate with Underwriting, Actuarial, Marketing, Claims, Legal, and Operations to set by-peril pricing and underwriting strategies. *Analyze company, competitive, and industry information (filings, forms, rules, pricing models, premiums, losses, risk loads, expenses, and industry regulations) to ensure long-term profitable combined ratios. *Draft policy forms, underwriting rules, and rate manuals. *Develop and launch profitable new homeowners’ products (HO-3) in several states. *Build and submit SERFF filings, then negotiate and revise through the DOI approval process. *Manage IT enhancements and draft specification requirements for sprint ticket implementations in an Agile environment.• Primary lead to administer company risk management. *Identify, develop, and monitor strategies for (1) sales moratoriums with impending catastrophic events, (2) concentrations of risk, and (3) cat exposures; regarding hurricanes, thunderstorms, and wildfires. *Identify and provide accepted policy growth/non-renewal recommendations working with RMS, AIR, and in-house models; given capital and reinsurance options. *Developed risk scoring procedures at the time of the premium quote (APIs) to identify potential (un)profitable policies, based on exposure to catastrophic risks, probable attritional losses, and expenses. *Implemented new wildfire underwriting and premium rating by working with RedZone and Gallagher Re.

Jacksonville, Il, Us

• Served as a transitional implementation manager for product introduction and overlap after DCIS acquired AgriLogic Insurance Services. *Analyzed, integrated, and updated the DCIS $100+ Million book of products.• Ensured product availability, diversification, IT enhancements, and long-term profitability by segmenting the premium rating to applicable coverage modifications, thereby addressing the risk management needs of growers through supplementing their federal Multi-Peril Crop Insurance (MPCI).

• Provided strategic and tactical direction for multiple departments including Claims, Compliance, Underwriting/Processing, and Licensing for a $240+ Million premium book of business as a crop insurance provider. *Supervised 220+ full-time employees reporting through 9 direct reports.• Drove and delivered operational and IT process improvement initiatives. *Revised claim statuses and processing procedures to better identify, track, and pay claims faster without sacrificing accuracy. New procedures improved closing speed by 30%. *Reorganized the Compliance Dept by reallocating personnel and revising procedures to expedite claims, while introducing a quality control sampling procedure, and also utilizing regional personnel to conduct the compliance to leverage local knowledge.• Possessed the decision authority, in cooperation with the CEO and COO, for policy underwriting and reinsurance decisions to allocate portions of the company exposure into varying segments of internally held risk liability/premium capacity, reinsurance outlets, and government pools of risk. • Developed and managed insurance products that provided unique coverages designed to minimize gaps and deductibles in federally reinsured insurance. *Designed and supervised policy structure and provision language development. *Developed and evaluated premium rate and pricing methodologies. *Managed and helped build the IT processing system for application acceptance, policy issuance, and claims payment.• Managed the Customer Service Department to address agents’ and insureds’ challenges by identifying the root cause and exploring alternatives to best fulfill customer expectations, given federal and state regulations. *Managed the Human Resources Department by revising performance appraisals, introducing tiered benefits, and addressing employee disputes.• Served as the Designated Responsible Licensed Producer (DRLP) to ensure state regulation compliance. *Functioned as Account Manager to key clients.

New York, Ny, Us

• Managed Risk Management’s Financial Analysis team analyzing the catastrophic risk of hurricanes, earthquakes, tornados, and hail impacting more than a $2 Billion book of business in personal property. • Collaborated with cross-functional product/state teams to develop optimal risk management, long-term profitability, and growth strategies through premium and underwriting enhancements.• Tracked, evaluated, and trained key concepts of risk-based combined ratios, probable maximum loss (PML), average annual loss (AAL), tail-value-at-risk (TVAR), risk loads, concentration, and funding capital allocation.

• Generated $5.3 Million in federal government contracts through business development and proposal submissions. *Directed a multidisciplinary team that researched economic feasibility and developed risk management strategies for agricultural commodities nationwide through production yield and revenue insurance programs, diversification, weather derivatives, and financial markets. *Managed product development and evaluation of required marketability, consumer satisfaction, IT resources, risk analysis, underwriting controls, premium rates, and prices. *Accountable for fulfilling contract requirements, clientele satisfaction, budget allocation, project profitability; and team recruitment, performance reviews, rewards, and disciplinary actions. *Scripted and hosted a 3-part television series about crop insurance on RFD-TV.

• Conducted insurance risk assessments by analyzing, researching, and developing actuarially sound coverage methods, premium rates, premium rating, and pricing models for multiple insurance designs throughout the U.S. *Established rates for $455 Million in premium on $4.25 Billion in liability annually. • Administered $2.4 Million in federal contracts to research the feasibility and development of insurance programs. *Developed contract specifications, reviewed proposals, selected contractors, assured compliance, (dis)approved deliverables, and conducted contractor evaluations.

Master Of Business Administration - Mba, Finance And International Business

Bachelor'S Degree, Mathematics

Certification, Business & Leadership

Arm-Micro, Progressing Through Cpcu, Insurance