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Welcome to
Visions for the Futureand
Austin, Texas
Ron Wright
CEO, Texas Mutual Insurance Company
Thanks for coming!
•Visions for the Future– A Perspective from Policy, Claims & Legal
• Great theme!– We will spend all our time there
Conference Theme
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
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
Challenges for AASCIF members
• Rising Costs– Medical– Other
• Declining Revenue– Payroll– Competition
Challenges for AASCIF members• Medical
Management• Uncertain Legal
Environment• Uncertain
Regulatory Environment
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
Workshop Objectives
• Share Information• Provide insights for…
– Managing today– Confronting tomorrow
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
Remember
• State Funds outperform private industry
Workers Compensation State Funds; Evolution of a Competitive Source
Conning Research and Consulting
Insurance Journal October 21, 2009
But also remember…
• “If you have seen one state fund……you have seen ONE STATE FUND!”
Thank you!
Enjoy the conference!