Idmi Software/Phi Work Values

Daily Duties at Idmi Software/Phi:

I partnered with the owner of IDMI Software to create Privately Held Insurance (PHI). Our intention in the forming of PHI was to work with large employers to build captive reinsurance offerings for covering commercial general liability, worker’s compensation, professional liability D&O, E&O, Cyber and other lines of business. The first step to achieving this goal was to develop a risk management assessment focusing on portfolios comprised of premiums ranging from $5K to $5M which included healthcare funding, life insurance and traditional lines of business. Once the operational strategy was determined, PHI would implement tools constructed to aid clients in issuing multiple captive insurance policies. A key product of PHI was the ability to implement a software platform capable of generating detailed attestation reports for clients to utilize while writing quotes, claims, losses, and insurance reports. Many of our clients used this tool to successfully increase their ability to write more policies in a given time frame. It also allowed for PHI and our clients to scrutinize various contracts for complications of excessive liability resulting in a savings of millions in potential liability payments.

What they like about Idmi Software/Phi:

Working for a company with an emphasis on social values and helping society is a clear and important priority for you - a critical factor in who you choose to work for. In contrast to other factors, you place an organization's reputation for fairness and concern for the community above most other aspects of the company. As you search for a new job opportunity, it is usually possible to find out if the company is involved in the community and/or if it is addressing problems and issues in society. Pay special attention to non-profit organizations and those specifically involved in social action. Moreover, speaking with current and former employees should enlighten you to perceptions of the fairness of the company's leaders and the treatment of employees.

Tags

Insurance, CEO CFO, Risk Management, Captive Insurance Management, Compensation, Management, Life Insurance, Reinsurance, Benefits, Risk Manager, alternative risk

Skills

Compensation, Management, Risk Management, Insurance, Life Insurance, Reinsurance, Benefits, Risk Manager, Professional expertise

These are some of the questions we asked our climbers about their experiences with Idmi Software/Phi: