Combined Insurance, a subsidiary of ACE Limited, has promoted Nancy Maloy to the newly created position of SVP for market initiatives. In this position, Maloy will lead the company’s global effort to refresh its supplemental insurance product lines to reflect rapidly changing market dynamics and customer needs.
According to Maloy, Combined has a lot of opportunity to mine data and leverage its global learnings to bring new products to market. The challenge is to properly orchestrate its institutional expertise in order to make optimal underwriting and pricing decisions—and then bring new products to market in a timely manner.
“Combined has focused on putting together the right talent to execute the kind of product refresh we need to address the impact that new market forces, such as healthcare reform, are having on customers’ supplemental insurance needs,” Maloy said. “As a result, we are now in a position to capitalize on analytics, automation and other technology best practices to optimally understand and meet those needs.”
Prior to her promotion, Maloy was VP and actuary overseeing product pricing. She came to Combined Insurance in 2013 from Omaha-based Physicians Mutual, where she worked for twenty years in a variety of positions culminating in a role as SVP of operations overseeing underwriting, policyholder services and claims. For eight years before that, she worked at Allstate as an actuary.
Maloy is a fellow of the Society of Actuaries and a member of the American Academy of Actuaries.
“Nancy is uniquely qualified for this role given her extensive knowledge of product pricing, market analysis and customer experience,” said Combined president Brad Bennett. “Under her leadership, we can continue to ensure that we provide our customers the best possible products with policies that are easy to understand and that provide valuable protection when they need it most.”
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