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Matt Foran is a Co-Founder, President at StoicLane. He possess expertise in strategy, insurance, leadership, business development, management and 45 more skills. Colleagues describe him as "Matt is a brilliant and strategic business professional. I had the opportunity to work with Matt as he dissected the need for a new marketing program aimed at customer retention and cross-sell. Through his in-depth analysis of the systems, data, people, and processes, he created a groundbreaking solution in a very short amount of time. I've also watched him solve many of Zurich's core opportunities. I have tremendous respect for Matt and believe he's an extremely valuable asset to any team or organization.", "It is my pleasure to recommend Matt for anything he may be leading. Matt has the rare ability to combine strategic thinking with practical solutions. When I worked most closely with Matt, he had the dubious honor of helping many of our businesses reposition themselves to do more with less. As you can imagine, this was not necessarily a journey many of the leaders were willing to embark on. Matt spent the time getting to know the businesses, their products, their operations and more importantly, their people. Through the strong partnerships he developed, he was able to challenge the businesses to think differently about their existing models and subsequently, influence them to implement simple but effective ways of achieving the corporate targets. No one likes to be told to change. Matt has a unique blend of intelligence, logic, entrepreneurial spirit and undeniable charm to help drive changes and creative thinking in areas where traditional approaches typically prevail.", and "Matt is a very results- oriented individual. He brings a considerable breadth and depth of knowledge which transcends across specialty products. His keen ability to strategize and bring unique solutions to the table have driven profitable growth. Matt would be one of the first people I would add to my starting line up!"
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Co-Founder, PresidentStoiclaneChicago, Il, Us -
Board MemberUfg InsuranceChicago, Il -
Co-Founder, PresidentStoiclane May 2021 - Present -
Board MemberUfg Insurance Feb 2022 - PresentCedar Rapids, Iowa, Us -
Board Of DirectorsThe American College Of Financial Services Feb 2019 - PresentKing Of Prussia, Pennsylvania, Us -
AdvisorRocketer Feb 2018 - PresentLondon, London, Gb -
AdvisorInsurex Feb 2018 - PresentNew York, Us -
Head Of Alternative DistributionThe Hartford Feb 2018 - May 2021Hartford, Ct, Us -
Member Board Of DirectorsGuideone Insurance May 2015 - Apr 2018West Des Moines, Ia, UsWith assets over $2 billion, annual revenues of over $600 million, and net income of over $30 million, GuideOne is one of the best positioned niche insurance carriers. GuideOne has proudly served religious organizations, assisted living facilities, schools, non-profit organizations and families since 1947. -
Vice President Of Ivans MarketplaceApplied Systems Oct 2015 - Feb 2018200 Applied Parkway, University Park, Il, Us -
CeoEvosure Jul 2012 - Oct 2015Austin, Texas, UsAcquired by Applied Systems. EvoSure helps brokers find the right underwriters, wholesale brokers, and program administrators for each of their risks. Brokers who use EvoSure have won more new business, achieve higher renewal rates, expand their existing book of business, build stronger new and existing underwriter relationships, and ultimately grow their revenues. EvoSure is the easiest technology to enter the commercial insurance space that delivers immediate value with almost zero effort. EvoSure is built by folks from the industry who wanted a tool that was truly helpful, focused on the relationship nature of the business, and help win more business. For underwriters and programs, EvoSure helps you communicate to brokers the exact type of business that you want. The process to get setup takes minutes. We have all gone through the painful spreadsheets, difficult to understand broker guides, changing corporate business targets, and all other forms of sticks thrown in the path of simply getting the right submissions. These methods simply do not work and take far too much time to create and consume. We are bent on getting the best submissions on your desk that you are excited to quote and are likely to win. Underwriters on EvoSure are getting more in appetite submissions than their peers.We tie all of the parties together with industry-leading wholesalers. Wholesale brokers continue to push the envelope to provide access to unique markets and add value to standard market placements. EvoSure helps brokers illuminate the path to powerful options through wholesale brokers. -
Director: Strategy And Operational Planning & ExecutionZurich Financial Services Sep 2009 - Jul 2012Zurich, Zurich, ChWorked closely with the CEO and senior management to set overall strategic direction, develop and execute financial and operating plans that enabled Zurich to deliver on performance aspirations, and lead execution of strategic initiatives. -
Marsh "Select" Business Model - Business DevelopmentMarsh Usa, Inc. - Assistant Vice President Dec 2008 - Sep 2009New York, New York, UsMember of a two-person team responsible for the creation and development of a new business model targeting domestic customers with $10-50 million in revenues:-Negotiated trading agreements with insurance carriers targeting favorable commission rates, streamlined underwriting standards, operational efficiencies and agreements to further collaborate on technology integration-Matched our business model to carriers' value proposition while also targeting a reduction in carriers' combined ratios-Segmented and created a transition strategy for roughly 12,000 clients across 46 offices, representing $30 million of revenue or $350 of carrier premium. Created staffing models, colleague conversion procedures, client transition checklists, change management planning and internal colleague and external client communication strategy -
The Marsh & Mclennan Agency - Business DevelopmentMarsh Usa, Inc. - Assistant Vice President Jul 2008 - Dec 2008New York, New York, UsMember of a four-person team responsible for the initial development of the Marsh & McLennan Agency. The Agency is the primary growth strategy for Marsh USA:-Determined best practices, staffing models, colleague compensation structures, carrier compensation rates, customer service standards and customer value propositions through competitive analysis-Defined legal and compliance requirements to operate an Agency as an MMC company within the constraints of the Attorney General of the State of New York and the Superintendent of Insurance of the State of New York settlement agreements-Developed two strategies targeting the conversion of existing customers to Agency clients and the acquisition of Agencies -
Marsh Usa Restructuring Team - Build The BestMarsh Usa, Inc. - Assistant Vice President Feb 2008 - Jul 2008New York, New York, UsMember of the Marsh USA restructuring team tasked with restructuring Marsh USA, a $1.4 billion revenue business, in terms of business models, staffing, technology and operations-Restructuring efforts executed a total annual savings of more than $200 million-Clearly segmented customers into three client types to match client needs to appropriate business model-Developed two business models to address global clients and large domestic clients. Created a new business Agency strategy to service existing small clients and drive growth -Assessed seven agency management systems to support business efficiencies-Evaluated centralized operations, removing redundant and non-value adding expenses -
Project Manager - Global OperationsMarsh Usa, Inc. - Assistant Vice President Nov 2006 - Feb 2008New York, New York, UsManaged IT and Operations projects across Marsh USA:-Enterprise Content Management Business Case: Researched and composed business charter to combine 3 geographical disparate document repositories, standardize document metadata taxonomy, improve user functionality and experience, and reduce document storage and litigation expenses-Policy Management Process Improvement and Deployment: Managed project to centralize insurance policy quality review, decrease policy delivery cycle times to clients, and track execution-Policy tracking System Database Conversion: Identified opportunity and managed project to consolidate 44 independent workflow and inventory databases into one SQL database, create aggregate US reporting in real time, simplify database user installations, and reduce maintenance and improvement expenses -
Client Advisor - Financial Professional ServicesMarsh Usa, Inc. Feb 2004 - Nov 2006-Evaluated clients' risk exposure and placed appropriate insurance products (Directors & Officers Liability, Fiduciary Liability, Errors & Omissions, and Crime)-Conducted thorough assessments of clients' financial strength and existing operations in order to establish marketing strategies and program goals that best serve the client-Researched leading industry and market best practices for risk reduction methods to fit clients' requests
Matt Foran Skills
Matt Foran Education Details
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University Of Illinois Urbana-Champaign -
The Chinese University Of Hong Kong -
The University Of Chicago Booth School Of BusinessGraduate Student At Large
Frequently Asked Questions about Matt Foran
What company does Matt Foran work for?
Matt Foran works for Stoiclane
What is Matt Foran's role at the current company?
Matt Foran's current role is Co-Founder, President.
What is Matt Foran's email address?
Matt Foran's email address is ma****@****vsr.com
What is Matt Foran's direct phone number?
Matt Foran's direct phone number is +131232*****
What schools did Matt Foran attend?
Matt Foran attended University Of Illinois Urbana-Champaign, The Chinese University Of Hong Kong, The University Of Chicago Booth School Of Business.
What skills is Matt Foran known for?
Matt Foran has skills like Strategy, Insurance, Leadership, Business Development, Management, Process Improvement, Property And Casualty Insurance, Strategic Planning, Marketing, Executive Management, Change Management, Mergers And Acquisitions.
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