Parvathy Sree

Parvathy Sree Email and Phone Number

Management Liability I Cyber Insurance I Non-Profit Package I Product Innovation @ Futuristic Underwriters
Parvathy Sree's Location
Aurora, Illinois, United States, United States
About Parvathy Sree

Underwriting Executive with 20+ years of strategic planning, business development, product development, product innovation, marketing, and leadership of productive Sales and Underwriting teams. Builds new channels and turns around underperforming units by delivering strong profits, new business development, high customer retention, and beneficial agency relationships. Expert technical knowledge of nonprofit products and services. Known for a solution-based and consultative approach that drives improvements that reduce costs and improve service levels.Leadership• P&L | Strong People Management• Agency Relationship| Account Mgmt.• Underwriting | Issue Resolution • Turnarounds | IntegrationStrategy• Business Strategy Development• Data Analytics | Financial Acumen• Workflow Management• Risk Management | Loss PreventionUnderwriting• Branding | Marketing• New Product Development• Profitability | Deal Evaluation• Customer Retention | New Business Development

Parvathy Sree's Current Company Details
Futuristic Underwriters

Futuristic Underwriters

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Management Liability I Cyber Insurance I Non-Profit Package I Product Innovation
Parvathy Sree Work Experience Details
  • Futuristic Underwriters
    Vice President Of Professional Liability
    Futuristic Underwriters Oct 2024 - Present
    Westlake, Texas, Us
    Responsible for Business development, Product development and underwriting management for innovative Professional Liability insurance products. VP of Professional Liability at Futuristic Underwriters where we leverage technology as a tool to optimize distribution, underwriting, service and claims handling.
  • Boost Insurance Usa
    Vp Of Underwriting | Vp Of Insurance Products
    Boost Insurance Usa Aug 2023 - Oct 2024
  • Amtrust Financial Services, Inc.
    Vice President, Nonprofit And Human Services Underwriting
    Amtrust Financial Services, Inc. Jul 2016 - Apr 2023
    New York, Ny, Us
    Promoted and grew the Non-profit and Human Services underwriting division. Managed up to 40 Underwriters and Sales, responsible for business development, strategic planning, and profitability across 48 states and DC territory. • Responsible for P&L. Worked with Claims, Compliance and Actuary departments to determine appropriate rates to maintain 65% Loss Ratio and retain 88% of renewal policies. • Achieved premium growth of 150% in less than 10 years by writing millions in annual new business, which increased 8% YOY while growing market share consistently. Successfully branded AmTrust in the nonprofit insurance space and became a preferred provider with agencies. • Spearheaded a new Insurance Service Office (ISO) product for the non-profit sector to add Package, Auto and Umbrella coverage and proprietary forms for Professional Liability and Abuse coverage. • Decreased claims resolution time 40% and improved turnaround time 50% through partnership with Claims, Accounting, IT, and Operations on continuous improvement initiatives, resulting in reduced costs and increased service levels.
  • Amtrust Financial Services, Inc.
    Director, Nonprofit And Human Services Underwriting
    Amtrust Financial Services, Inc. May 2014 - 2016
    New York, Ny, Us
    Reported directly to the President of the Non-profit and Human Services underwriting division. Hired to develop the Management Liability product, then promoted to turn around the underperforming non-profit book to growth and profitability. Managed a team of 35 Underwriters for $XXMM business. • Introduced comprehensive management liability policy, including Directors & Officer (D&O)/Employment Practices Liability (EPL), Fiduciary and Cyber products. Worked with product management to develop, maintain and improve policy forms, underwriting guidelines and rating plans. Helped to build the underwriting platform.• Rebuilt the non-profit division post an unsuccessful integration of First Nonprofit Insurance company. The company was experiencing significant attrition of both employees and book of business. Ultimately grew the business to $85MM and increased policy retention by 40%. • Exceeded new business premium goals by 30% in 2015 and 2016 and implemented a nonprofit product marketing strategy that yielded an average 12% YOY portfolio growth while maintaining less than a 65% loss ratio. • Grew new business policy count by an average of 1,200 policies YOY by diversifying the Social Service book to include religious organizations, schools, elder care, and human service classes for nonprofit (501c3), not for profit, and the for-profit sector.
  • Philadelphia Insurance Companies
    Underwriting Manager, Management Liability Division
    Philadelphia Insurance Companies Jun 2009 - Apr 2014
    Bala Cynwyd, Pa, Us
    Managed 11 states for the North Central and Ohio Valley region, working with 3000+ retail agents and a point of contact for marketing and external customers. Supervised a team of 4 Underwriters. • Oversaw Management and Professional Liability insurance working with diverse teams.• Maintained a consistent growth of 7% and loss ratio under 22% for the geographical region by building strong specialty and multi-line agency relationships. • Collaborated with product management team to launch new professional line products - Crime coverage and Cyber Liability coverage. Implemented cross sell initiative to agencies to grow, which increased in force management and professional liability book.• Mentored and developed training for new college graduates in underwriting, the success of the program enabled active recruiting at this level. Facilitated continuing education classes as a licensed Cyber Liability insurance instructor.
  • Philadelphia Insurance Companies
    Senior Underwriter, Management Liability
    Philadelphia Insurance Companies Jun 2006 - Aug 2009
    Bala Cynwyd, Pa, Us
    Lead underwriter for Management Liability (public, private and non-profit risks) and Professional Liability (Accountants, Lawyers, Miscellaneous Professional classes) for multi-state region. • Exceeded production goal 8% to 10% and profitability goals YOY.• Developed new agency relationships through active outreach and excellent customer service. Used consultative sales approach to identify customer needs, educate on policy terms, and negotiation of pricing.
  • Philadelphia Insurance Companies
    Underwriter Ii, Management Liability
    Philadelphia Insurance Companies 2004 - 2006
    Bala Cynwyd, Pa, Us
  • Philadelphia Insurance Companies
    Underwriter I, Management Liability
    Philadelphia Insurance Companies 2003 - 2004
    Bala Cynwyd, Pa, Us
  • Great American Insurance
    Underwriter, Executive Liability Division
    Great American Insurance 2001 - 2003
    Cincinnati, Oh, Us
    Worked as a Management liability Underwriter at the Executive Liability Division, underwriting private and public company D&O/EPL and fiduciary risks.• Underwrote both private and public company D&O by analyzing SEC filings and public information, calculated pricing, negotiated coverage, and closed multiple new business insurance clients.

Parvathy Sree Education Details

  • Illinois Institute Of Technology
    Illinois Institute Of Technology
    Finance
  • Bharathiar University
    Bharathiar University
    Business Administration
  • Anna University Chennai
    Anna University Chennai
    Mechanical Engineering

Frequently Asked Questions about Parvathy Sree

What company does Parvathy Sree work for?

Parvathy Sree works for Futuristic Underwriters

What is Parvathy Sree's role at the current company?

Parvathy Sree's current role is Management Liability I Cyber Insurance I Non-Profit Package I Product Innovation.

What schools did Parvathy Sree attend?

Parvathy Sree attended Illinois Institute Of Technology, Bharathiar University, Anna University Chennai.

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