Risk Chronicles: Lessons and Outlooks – Did We Learn?

A look back at lessons in risk and navigating the delicate balance between member satisfaction and safeguarding corporate assets. Discover how the surge in claims, particularly fraudulent ones, is reshaping insurance dynamics, compelling credit unions to reassess risk management strategies. 

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About the Webinar

Join Allied Solutions’ Patrick Touhey, Senior Vice President of the Bond Division, as we look back at lessons in risk and navigating the delicate balance between member satisfaction and safeguarding corporate assets. Discover how the surge in claims, particularly fraudulent ones, is reshaping insurance dynamics, compelling credit unions to reassess risk management strategies. We’ll discuss the crucial role of member education in combating fraud and gain insights into thwarting bad actors seeking the path of least resistance. Don't miss this insightful session on adapting to emerging challenges in risk management.

Key Takeaways:

  •  Learn how the rising tide of fraudulent claims is changing the game in insurance and the need for credit unions to adapt.
  • Discover why credit unions are reassessing strategies to strike a balance between member satisfaction and safeguarding assets in the face of increased risks.
  •  Find out the crucial role of member education in combating fraud.
  • Gain practical insights for adapting to new challenges in risk management, equipping you to protect against fraud effectively.

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Presented By

Patrick Touhey
Patrick Touhey

Senior Vice President,  Bond | Allied Solutions

Since 1996, Patrick has played an instrumental role in helping bring competition into the credit union marketplace for Fidelity Bond, Management Professional Liability and P&C Package related coverages. He is one of the most highly respected and sought after professionals within these product disciplines. In his role at Allied, Patrick oversees the entire Bond Division. He has built a bond team of 32 individuals that bring the highest level of experience and expertise to the industry.