Triple-I Appoints Patrick Schmid Chief Insurance Officer; Will Also Lead Catastrophe Resiliency Council and Insurance Research Council

Business Wire

MALVERN, Pa.--(BUSINESS WIRE)--
The Insurance Information Institute (Triple-I), an affiliate of The Institutes, announced today Patrick Schmid has been appointed chief insurance officer at Triple-I, effective July 11, 2025.

In addition, Schmid will lead the organization’s Catastrophe Resiliency Council and the Insurance Research Council, reporting to Triple-I CEO Sean Kevelighan. Schmid will also continue in his role as president of The Institutes’ RiskStream Collaborative, reporting to Pete Miller, president and CEO at The Institutes. He is replacing Dale Porfilio as Triple-I’s chief insurance officer and president of IRC.

“After four years of dedicated service, Dale has decided to pursue new opportunities. We are grateful for his leadership and the impact he has made across our organization and industry. He helped shape critical initiatives and strengthen the value we provide our members,” Kevelighan said.

“I have been deeply honored to serve the insurance industry as a leader of the Triple-I and IRC for the last four years, educating consumers, media, policymakers and industry professionals every day,” Porfilio said. “I am looking forward to my next career chapter and continuing to work and serve in the insurance industry.”

Kevelighan added, “We are fortunate to have a strong succession plan in place with Pat, and his deep understanding of strategy, risk management and collaborative innovation make him an excellent fit for this expanded leadership role at Triple-I and IRC.”

“I’m truly excited to embrace this opportunity to lead and collaborate within the Triple-I, IRC and the Catastrophe Resiliency Council communities,” Schmid said. “Working together with industry leaders, we will drive innovative, informative initiatives that strengthen and advance the future of risk management and insurance. United by a shared vision, we are poised to create meaningful impact and inspire progress across the entire industry.”

Schmid holds a master’s degree and Ph.D. in economics from Temple University. He has taught economics and finance at several Philadelphia-area colleges and universities including Albright College, Drexel University, Saint Joseph’s University, Temple University and the Wharton School at the University of Pennsylvania.

During his 17-year tenure at The Institutes, his roles have included vice president, RiskStream Collaborative; assistant vice president, enterprise research; and director of research at IRC. Prior to working in the insurance industry, Schmid was an economist for Moody's Analytics.

About the Insurance Information Institute (Triple-I)

Since 1960, the Insurance Information Institute (Triple-I) has been the trusted voice of risk and insurance, delivering unique, data-driven insights to educate, elevate and connect consumers, industry professionals, policymakers and the media. An affiliate of The Institutes, Triple-I represents a diverse membership accounting for nearly 50% of all U.S. property/casualty premiums written. Our members include mutual and stock companies, personal and commercial lines, primary insurers and reinsurers – serving regional, national and global markets.

About Insurance Research Council (IRC)

The Insurance Research Council (IRC), affiliated with The Institutes, is an independent, nonprofit research organization supported by leading property and casualty insurance companies and associations. IRC provides timely and reliable research to all parties involved in public policy issues affecting insurance companies and their customers. IRC does not lobby or advocate legislative positions.

About the Catastrophe Resiliency Council

The mission of the Catastrophe Resiliency Council, an affiliate of The Institutes, is to collaborate with risk- and insurance-focused parties to create a healthy, competitive risk marketplace that promotes resilience against natural catastrophes. It is composed of a group of U.S. insurers, reinsurers, intermediaries and model providers and seeks to improve the application of science, data, operations and technology.

About The Institutes RiskStream Collaborative

The Institutes RiskStream Collaborative^® is the risk management and insurance industry’s first enterprise-level blockchain consortium that brings together experts and developers to advance insurance-specific use cases via Canopy, a custom blockchain architecture. The Institutes RiskStream Collaborative is committed to equipping organizations to work together to inspire product innovation, enable efficiencies and open new technological frontiers.

About The Institutes

The Institutes® are a global not-for-profit comprising diverse affiliates that educate, elevate and connect people in the essential disciplines of risk management and insurance. Through products and services offered by The Institutes’ nearly 20 affiliated business units, people and organizations are empowered to help those in need with a focus on understanding, predicting and preventing losses to create a more resilient world.