CLEVELAND, March 25, 2024 – Brian Stovsky, vice president and business development leader in the Private Equity practice at Oswald Companies, has been named a 2024
Break Out Award winner by Business Insurance magazine. The annual program honors top professionals who are on track to become the next leaders in the risk management and property and casualty insurance field.Stovsky is one of only 30 professionals across the country to receive this recognition, lauded for his leadership, client service skills and accomplishments.”In his seven years in the insurance industry, Brian has stood out amongst his peers for his ability to lead and his hands-on approach with each of his clients,” said Oswald Chairman and CEO
Robert Klonk. “He continuously demonstrates his ability to work closely with clients to provide the protection they need and guides his team to success every year.”Brian Stovsky began his career in finance but a meeting with a mentor piqued his interest in insurance as a vocation. “Where I was able to succeed early was the fact that I had some transactional and M&A experience, and I had a network,” he said.What’s the current state of your sector of the insurance market?Demand is down because deals are down. It’s more expensive to borrow money, therefore it’s more expensive to buy companies. Coverages are not written as often because the deal volume is down, at least in the segment of the market that we operate in.How do you use, or think you’ll use, AI in your job?Hospital systems and providers have never been great at billing. So, if there’s a system where AI could help those claims and make sure there’s no duplicate billing, that would seemingly be a very good use of AI.What’s a problem that needs fixing in your sector?There’s little transparency right now; there’s a serious disconnect between the profits that insurance companies are posting and the rates that my clients are seeing.Favorite family tradition?We’re a Jewish family so every holiday we have the entire family (over). Not only family but friends who are family. My family considers a lot of people family. So our Passover seder was 40 people. My favorite traditions are just inviting anybody who needs a place to go.What is something about you that would surprise people?We love musicals. I’m a finance bro, but deep down I love theater and the arts.What did you want to be when you grew up?Easy. I wanted to be a professional hockey player. I played hockey my whole life, from the time I was 2 through college.
Full link: Business Insurance Magazine Break Out Awards
Brian Stovsky 