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Welcome to Visions for the Future and Austin, Texas

Welcome to Visions for the Future and Austin, Texas. Ron Wright CEO, Texas Mutual Insurance Company. T hanks for coming!. Conference Theme. V isions f or t he F uture A Perspective from Policy, Claims & Legal Great theme! We will spend all our time there. The Future.

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Welcome to Visions for the Future and Austin, Texas

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  1. Welcome to Visions for the FutureandAustin, Texas Ron Wright CEO, Texas Mutual Insurance Company

  2. Thanks for coming!

  3. Conference Theme • Visions for the Future • A Perspective from Policy, Claims & Legal • Great theme! • We will spend all our time there

  4. The Future • Rarely accurately predicted • “Trying to predict the future is like driving down a country road at night, with no lights, while looking out the back window.” –Peter Drucker

  5. The Future “The only thing we know about the future, is that it will be different.” –Peter Drucker The challenge is early recognition……. ……Of what is already occurring

  6. Challenges for AASCIF members • Rising Costs • Medical • Other • Declining Revenue • Payroll • Competition

  7. Challenges for AASCIF members • Medical Management • Uncertain Legal Environment • Uncertain Regulatory Environment

  8. Challenge for State and Canadian Funds • How to maintain or strengthen position in tomorrow’s environment • Must succeed today • Must be prepared to compete tomorrow • “The best way to predict the future is to create it” – Peter Drucker

  9. Workshop Objectives • Share Information • Provide insights for… • Managing today • Confronting tomorrow

  10. Information and Insights • National Workers’ Compensation Overview • Bruce Hockman - Towers Watson • CEO Summit • Lanny Hubbard, Tom Phelan, Ken Ross • Medical Cost Containment Panel • Dr. Tsourmas, Scott Brener, Shannon Pounds • Workshop Sessions

  11. Remember • State Funds outperform private industry Workers Compensation State Funds; Evolution of a Competitive Source Conning Research and Consulting Insurance Journal October 21, 2009

  12. But also remember… • “If you have seen one state fund……you have seen ONE STATE FUND!”

  13. Thank you! Enjoy the conference!

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