Crawford’s Tom Welch Receives Special Recognition during Sept. 17 Award Ceremony in Honolulu
After completing the rigorous educational requirements to attain the prestigious Chartered Property Casualty Underwriter (CPCU) designation, 20 Crawford & Company® employees received the premier accreditation at the 2016 CPCU Conferment Ceremony Sept. 17 in Honolulu.
From risk management principles to complex policy and coverage analysis, CPCU is the highest professional accreditation in the property-casualty insurance and risk management industry. It was created by The Institutes, the insurance industry’s leading provider of professional education.
Of the 7,531 insurance professionals who received their CPCU designation at this year’s conferment, three were presented with the Award for Academic Excellence—having scored the highest cumulative grade average on CPCU exams. Crawford’s Tom Welch, assistant vice president/assistant treasurer, Operations Support, was one of the three awarded.
Welch’s quest for the CPCU began after he earned his Associate in Risk Management (ARM™) designation, which he started in September 2013. After receiving the ARM, he kept studying in order to receive the granddaddy of them all, the CPCU, which he completed in January of this year. Since then, Welch took one more course, allowing him to upgrade his ARM designation to ARM-Enterprise Risk Management (ARM-E).
Welch offers this advice for anyone who chooses to obtain the CPCU designation: “Make sure you’re at a point where you can make the commitment. It’s a two- to three-year commitment, and that involves taking a test every quarter. It’s doable to take a test each quarter.
“Once you’ve made that decision, try to stick to that schedule,” Welch said. “If you start taking time off here and there with plans to make it up, you could put it off indefinitely.”
Welch said that earning the CPCU designation provides value to anyone in the industry, regardless of whether they work directly with claims. “It’s good knowledge to have, even for someone not directly involved in the claim operation. It gives a better, more thorough understanding of the industry.”
After the conferment ceremony, Crawford’s newest conferees, along with their significant others, were treated to a celebratory dinner with Crawford CEO Harsha V. Agadi. The conference, which ended Sept. 20, included several educational sessions and networking with other CPCUs.
Congratulations to Crawford’s newest CPCU conferees!
- Philip Bentschneider
- Michael Beverly
- James Campbell
- Anthony Clanton
- Lisa Clark
- Eric Fenton
- William Gent
- Bernie Guerin
- Joseph Hersko
- James Koblasz
- Jerry Lambert
- Curtis Lim-Tom
- John Maphis
- Pamela Nichols
- Katherine Pineda
- Amy Ragusa
- Jeffrey Rock
- Nicholas Seoane
- Stuart Tucker
- Thomas Welch
To earn the CPCU designation, each of these professionals have attained:
Education. CPCUs pass eight national exams on topics that include insurance law, accounting, risk management and ethics. They continually update their expertise by participating in technical and professional development workshops and seminars.
Ethics. CPCUs promise to abide by a code of professional ethics, placing their clients’ needs before their own.
Experience. CPCUs meet an experience requirement to become a CPCU and have proven insurance expertise and knowledge.
Other Interesting CPCU-Related Tidbits
- According to the CPCU Society, there are about 65,000 CPCUs in the world, which is a small fraction of the estimated 1.5 million property and casualty industry employees.
- 91 percent of CPCU designees report an increase in job opportunities, while almost all say earning the designation fast-tracked their career.
- 75 percent of CPCU designees received a salary increase, and nearly a quarter of those attributed 10 percent or more of the increase to earning the designation.
- 86 percent of CPCUs saw an increase in their job security during organizational transitions or consolidations.
- CPCUs earn 29 percent more than their peer group—with the same functional area and time in the industry.
Donna Fields, communications manager, Crawford Corporate Communications, attended the CPCU conferment, interviewed Thomas Welch in Honolulu and contributed to this post.