BRYAN STOREY

Bryan Storey started his career as a biology graduate looking at public health issues around the country and Colorado until he was drawn to the world of healthcare and healthcare providers. Shortly thereafter, he moved into risk management where he discovered what, he said, is an even more amazing and fascinating industry.

He is the vice president of risk management and chief risk officer at the Children’s Hospital Colorado. In this capacity, he is responsible for providing leadership and strategic direction for both clinical and non-clinical risk management and insurance programmes. He is also the chief risk and insurance officer for a captive insurance company where he oversees and advises the company with respect to risk management, insurance and reinsurance operations, contracts and relationships.

Storey was described as a passionate leader of the risk management and insurance programme for a large, complex healthcare system consisting of four hospitals and numerous additional sites of care. He spearheaded the establishment of Children’s Hospital Colorado’s captive, allowing for a more flexible and accommodating programme to meet the various exposures and risk financing needs of today’s healthcare institutions.

Here he states why he loves the captive insurance industry, what makes it a great future career path how he hopes to stay involved in it.

Do you feel that the captive insurance industry is a rewarding sector to work in?

Without doubt. I absolutely love the industry, the people, and the unique challenges I get to overcome every single day. One of my personal mottos, to help me stay relevant and innovative, and keep up with trends and the fast-moving pace of the captive sector, is to leverage every resource you have and create the ones you don’t. Because that is what the industry allows you to do, and that’s what I did when I created my first captive insurance company and continue to do as I lean into the future.

Would you recommend the captive insurance industry to young people as a future career path?

With great enthusiasm. Those early in their careers have the opportunity to manuscript their paths through relationship-building, great mentors, and coming in with a fresh perspective on how the world works. One example is how artificial intelligence is hitting every market and every industry right now, and those young in their careers have the unique position of “growing up with it” in a way that industry veterans might have a hard time responding to.

The captives industry offers them many opportunities to leverage their early careers to create something cutting-edge that responds positively and rewardingly to the market.

How do you feel that the captive insurance industry will evolve?

The industry, by its nature, remains relevant through both the natural and the forced innovation it experiences. As a captive leader, you are trying to keep up while trying to innovate concurrently. It’s one of the only industries where you can innovate and manuscript anything you want (within reason and regulations) laying out your company's potential future—and then a wrench is thrown your way by regulators so you get to strategically pivot your well laid plans in a new direction to see what comes next. You get to figure out how can you outsmart the market and yourself.

Do you think that your long-term future remains in the captive insurance industry?

The captives sector will change, maybe dramatically—new things will be created (don’t give up microcaptives!), and the industry will transform. So I can say almost certainly that my long-term future will not look anything like it does today, but it will optimistically remain in whatever the industry, and we as captive enthusiasts, nurture and forge it into.