Patrick H Young II
Roanoke
Summary
Experienced business leader responsible for multiple facets of the insurance value chain including product, underwriting, claims, and actuarial. Operates at the highest level as a member of the senior leadership team with input on every aspect of the business. Well-balanced contributor with the ability to contemplate broad strategic decisions while remaining focused and tactical. Highly motivated to deliver great results.
Overview
7
7
years of professional experience
Work History
Director of US Markets
INSHUR Inc
01.2022 - Current
- Reporting directly to the CEO, I am responsible for all aspects of the US market, managing a team of 36 spanning actuaries, underwriters, claims, and product managers
- Assembled a 3-member reinsurance panel for the US market in 2022; renewed all existing panel members in 2023 while adding a lloyds syndicate and increasing overall available capacity by 17%
- Successfully transitioned carriers for the New York market in July 2023 resulting in a 33% improvement in unit economics
- Increased GWP 13% YoY while improving ULR 16% through an extensive overhaul of underwriting eligibility and rate actions
- Designed, built, and launched a unique admitted/non-admitted hybrid product in NY that gives pricing flexibility and form freedom not available to any competitor
- Promoted from Mobility Insurance Product Manager in February 2023
Assistant Product Manager
Gainsco Auto Insurance
01.2021 - 01.2022
- Responsible for P&L of personal auto products in Alabama and Tennessee
- Developed personal auto products in Iowa and Pennsylvania, handing off post-launch to other PMs to manage P&L
- Developed a voluntary + ceded personal auto product in North Carolina, but ultimately shelved due GAINSCO's technology constraints
- Was the only PM to be involved in the integration of GAINSCO and StateFarm, meeting with over 50 different stakeholders to build out offering of GAINSCO products to State Farm agents
Pricing Analyst
National General Insurance Company
10.2017 - 01.2021
- Worked on countrywide pricing for commercial auto products
- Mentored and developed a team of analysts
Investigation Specialist
National General Insurance Company
06.2016 - 10.2017
- Handled fraud referrals in the claims department
Education
Master of Science - Finance And Economics
West Texas A&M University
Canyon, TX05.2018
Bachelor of Science - Economics
North Carolina State University
Raleigh, NC05.2016
Associate of Arts -
Surry Community College
Dobson, NC05.2014
Skills
- Product management
- Product development
- Pricing and sales analytics
- Project management
- Business development
- Partnership management
- People management
- Employee training and development
- Admitted and non-admitted insurance
- SQL, SAS, R
Additional Information
- Board member: American Business Insurance Services, Inc.
- Board member: Genoteq Claims Investigations
Timeline
Director of US Markets
INSHUR Inc
01.2022 - Current
Assistant Product Manager
Gainsco Auto Insurance
01.2021 - 01.2022
Pricing Analyst
National General Insurance Company
10.2017 - 01.2021
Investigation Specialist
National General Insurance Company
06.2016 - 10.2017
Master of Science - Finance And Economics
West Texas A&M University
Bachelor of Science - Economics
North Carolina State University
Associate of Arts -
Surry Community College
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