Nate Powell
DeWitt,MI
Summary
Experienced insurance leader specializing in strategic planning and team leadership. Proven track record of driving profitable growth through efficient operational strategies and strong professional relationships. Expertise in problem solving, decision making, and effective communication. Consistently delivers innovative solutions that meet organizational goals.
Overview
21
21
years of professional experience
Work History
Director, Personal Lines Insurance
Farm Bureau Insurance Company of Michigan
Lansing, MI
01.2019 - Current
- Managed $700M personal lines portfolio encompassing auto, homeowners, and umbrella products.
- Spearheaded launch of IoT products and predictive technologies including property intelligence and driver monitoring.
- Contributed as member of Farm Bureau reinsurance buying team to optimize risk management.
- Directed product development team for all lines of business, focusing on policy language and DIFS filings.
- Collaborated with data analytics to develop predictive models and establish performance metrics.
- Led cross-disciplinary operational team, integrating marketing, claims, underwriting, and accounting functions.
- Oversaw annual budget of approximately $20M to ensure financial accountability.
- Sponsored core systems transformations for personal lines, enhancing Guidewire capabilities.
Manager, Personal Lines Underwriting
Farm Bureau Insurance Company of Michigan
Lansing, MI
01.2016 - 01.2019
- Led and supported team of personal lines underwriters to enhance overall performance.
- Assisted in underwriting complex cases, ensuring thorough risk assessment.
- Trained and mentored front line underwriters to improve skillsets and efficiency.
- Established goals and individual performance metrics for team members.
- Developed training programs for agents focused on risk appetite and advisory roles.
Senior Underwriter (commercial and personal)
Farm Bureau Insurance of Michigan
Lansing, MI
01.2012 - 01.2016
- Evaluated new submissions for compliance and acceptability standards.
- Inspected properties for renewals and new business to identify and mitigate physical hazards.
- Ensured exceptional customer experience for agents and insureds.
- Collaborated with agents to clarify underwriting requirements and guidelines.
Auto Claims Adjustor
Multiple Insurance Carriers
01.2005 - 01.2012
- Negotiated auto total loss claims, fire/theft claims, bodily injury claims and property damage claims
- Conducted direct interviews with insureds and claimants
- Communicated claim decisions to policyholders clearly and professionally.
- Managed multiple cases simultaneously while meeting established deadlines.
- Investigated accident circumstances to determine liability and assess damages accurately.
Education
Masters - Business Administration
Olivet University
BA - Advertising
Michigan State University
Skills
- Underwriting strategy development and implementation
- Predict and prevent risk management
- Risk appetite development
- Data analytics
- Product development
- Cross-functional collaboration
- Risk management
- Contract and vendor management
- Reinsurance
Industry Boards
Michigan Basic Property Insurance Association, Vice Chairperson on the Board of Directors
1/2022-Present
Industry Designations
- Chartered Property Casualty Underwriter (CPCU)
- Associate in Reinsurance (ARe)
- Associate in Commercial Underwriting (AU)
- Senior Claims Law Associate (SCLA)
Timeline
Director, Personal Lines Insurance
Farm Bureau Insurance Company of Michigan
01.2019 - Current
Manager, Personal Lines Underwriting
Farm Bureau Insurance Company of Michigan
01.2016 - 01.2019
Senior Underwriter (commercial and personal)
Farm Bureau Insurance of Michigan
01.2012 - 01.2016
Auto Claims Adjustor
Multiple Insurance Carriers
01.2005 - 01.2012
Masters - Business Administration
Olivet University
BA - Advertising
Michigan State University
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