Howard J. Elias of The Guardian Life Insurance Company of America is the new president of GAMA International, effective June 1.
Elias, who has been with Guardian 29 years, is CEO of the company’s agency Wealth Advisory Group LLC, based in New York City.
After graduating from the University of Massachusetts–Amherst with a major in economics, Elias joined Guardian, serving as a financial representative from 1984 to 1998. He was also a sale manager with the company from 1987 to 1998. Since Elias became general agent of Wealth Advisory Group in 1999, the agency has won numerous Guardian awards.
A GAMA International member since 1993, Elias joined the GAMA board in 2008 and has been a supporter of the GAMA Foundation for Education and Research and the Life Foundation for many years. He has received numerous GAMA awards, including the Master Agency Award and National Management Award. In addition, Elias is a member of many other industry associations, including NAIFA, the Million Dollar Round Table (MDRT)–Top of the Table, and the Association for Advanced Life Underwriting (AALU).
Laurie J. Fenwick, CEBS, FLMI, was promoted to director of compensation, payroll and human resources information services. Fenwick joined Securian in 1988 as a management trainee. She spent three years in the retirement plan business unit, then moved to human resources in 1993 as a benefits specialist. She received her bachelor’s degree from Gustavus Adolphus College in St. Peter, Minn.
As director of individual annuity product development in annuity actuarial, Linda G. Sonterre is responsible for all aspects of developing and implementing individual annuity products and features. Sonterre joined Securian in 1987 as an analyst and technician in the Individual Actuarial department. She received her bachelor’s degree from the University of Minnesota.
Angela R. Schema, director of communications and market research, is responsible for all enterprise communications and research. Schema joined Securian in 2007 as a marketing communications account representative. She received a bachelor’s degree from the University of Wisconsin-Madison and a master’s degree from the College of St. Scholastica, St. Paul, Minn.
Symetra Financial Corporation (NYSE: SYA) appointed Michael McLean as chairman of the board and Thomas Doran as president at Medical Risk Managers Inc. (MRM).
McLean, who has served as MRM president since 1991, will transition to a strategic leadership role. As chairman of the board, he will be responsible for the long-term strategy of the company as well as client acquisition and retention. McLean joined MRM as executive vice president and chief operating officer in 1988. He previously worked at The Hartford Life Insurance Company and The Travelers. McLean is a Fellow of the Society of Actuaries and a Member of the American Academy of Actuaries.
Doran’s appointment to president comes after three years as executive vice president of MRM. In his new position, he will have profit-and-loss responsibility and will run the company’s day-to-day operations. Doran joined MRM in 2010 following a successful career at Aetna, where he held a variety of actuarial roles. He is a Fellow of the Society of Actuaries and a Member of the American Academy of Actuaries.
MRM, a wholly owned subsidiary of Symetra, is a managing general underwriting and consulting firm that specializes in medical stop-loss insurance.
Oracle announced Oracle Health Insurance Components. Together, an end-to-end solution to support the complete health insurance claims lifecycle, including pricing and benefits adjudication, as well as the payment of providers through alternative, non-fee for service reimbursement methods.
Healthcare payers can deploy Oracle Health Insurance Components individually in their service-oriented architecture (SOA) environments or pre-integrated for end-to-end payment processing. Built on a common architecture, Oracle Health Insurance Components enable a phased implementation, allowing customers to avoid a “big bang” system replacement and substantially reducing project risk.
Oracle Health Insurance Components include:
Oracle Health Insurance Claims Adjudication provides automated claims benefit adjudication to help payers accelerate processing, reduce costs and focus resources on more complex claims;
Oracle Health Insurance Claims Pricing helps payers to reduce operational costs by bundling claims into an episode of care and making a single payment to a provider, who then reimburses the other providers;