Welcome to

Visions for the Futureand

Austin, Texas

Ron Wright

CEO, Texas Mutual Insurance Company

Thanks for coming!

•Visions for the Future– A Perspective from Policy, Claims & Legal

• Great theme!– We will spend all our time there

Conference Theme

The Future

• Rarely accurately predicted• “Trying to predict the future is like

driving down a country road at night, with no lights, while looking out the back window.” –Peter Drucker

The Future

• “The only thing we know about the future, is that it will be different.” –Peter Drucker

• The challenge is early recognition…….

……Of what is already occurring

Challenges for AASCIF members

• Rising Costs– Medical– Other

• Declining Revenue– Payroll– Competition

Challenges for AASCIF members• Medical

Management• Uncertain Legal

Environment• Uncertain

Regulatory Environment

Challenge for State and Canadian Funds

• How to maintain or strengthen position in tomorrow’s environment– Must succeed today– Must be prepared to compete tomorrow

• “The best way to predict the future is to create it” – Peter Drucker

Workshop Objectives

• Share Information• Provide insights for…

– Managing today– Confronting tomorrow

Information and Insights• National Workers’ Compensation Overview

– Bruce Hockman - Towers Watson

• CEO Summit– Lanny Hubbard, Tom Phelan, Ken Ross

• Medical Cost Containment Panel– Dr. Tsourmas, Scott Brener, Shannon Pounds

• Workshop Sessions

Remember

• State Funds outperform private industry

Workers Compensation State Funds; Evolution of a Competitive Source

Conning Research and Consulting

Insurance Journal October 21, 2009

But also remember…

• “If you have seen one state fund……you have seen ONE STATE FUND!”

Thank you!

Enjoy the conference!