Beginning his insurance career underwriting personal lines and small business risks for a Fortune 500 national carrier, Daniel Steadman was driven to learn as much about the industry as possible, achieving his CPCU in only nine months.
In 2012, he was brought on as vice president of underwriting at Veracity Insurance Solutions, where he helped develop its in-house underwriting division. Steadman was instrumental in the creation of several unique insurance programs targeting niche and underserved industries nationwide. During his time at Veracity, the company expanded its in-house programs and underwriting authority to include 16 proprietary insurance programs and written premiums nearing $50 million.
With a heavy emphasis in program and surplus line business, Steadman recognized the extreme difficulty and cost associated with managing the compliance process. In January 2016, he launched InsCipher, a surplus line and compliance software-as-a-service company that helps agents, carriers and states manage all aspects of surplus line transactions. At InsCipher, Steadman works with, and has consulted for, some of the largest carriers and agencies in the industry to help them with their program and surplus line challenges.
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