NFP Promotes Mark Rieder to Head of Innovation
Latest move comes on the heels of the establishment of NFP's innovation lab and new venture fund to fuel innovation
NEW YORK – September 4, 2018 – NFP, a leading insurance broker and consultant that provides employee benefits, property & casualty (P&C), retirement and individual private client solutions, today announced that it has promoted Mark Rieder to Head of Innovation. This marks the latest in a series of strategic hires and investments to expand NFP's resources and capabilities in the Insurtech, Fintech and HRtech space.
The insurance industry continues to undergo significant technological, regulatory and marketplace changes — prompting organizations to reimagine how they address shifting customer needs and compliance dynamics. Further, with the emergence and pervasiveness of intelligent automation and artificial intelligence (AI) technologies, NFP understands the importance of and is committed to leveraging these AI applications to better respond to customer needs, address risk and compliance threats, and drive process efficiencies. NFP has long focused on bringing innovative, game-changing technologies to the table to push the boundaries of integration, collaboration and seamless interaction with our customers, carriers and partners.
"I couldn't be more thrilled to announce Mark Rieder to the position of Head of Innovation at NFP," said Mike Goldman, President and Chief Operating Officer, NFP. "We recognize that as new technology players continue to disrupt the status quo, and customers' expectations intensify for instant digital transactions, we need to be at the forefront of these changes, innovatively building, connecting and leveraging these technologies to deliver the best possible service to our clients, employees and prospects. The establishment of our new innovation lab and venture fund, paired with Mark's ability to creatively source market opportunities and build a robust team to evaluate innovative, relevant ideas in a collaborative manner, lays a strong foundation upon which to build success."
Mark previously served as Senior Vice President, HR Technologies and Benefits Administration, NFP. In his new role as Head of Innovation, Mark will be responsible for developing and institutionalizing innovation across company operations, processes, products and investments. Concurrently, Goldman, who oversees NFP's Innovation Lab, and Shawn Ellis, Managing Director of NFP Ventures, who manages NFP's newly established innovation venture fund, will work collectively to assess the market, adapt to market changes, create new technology standards and empower NFP clients – as part of NFP's broader innovation efforts.
Additionally, Mark will build and foster relationships with industry groups and venture capital funds to ensure NFP has access to, and participates in, the newest market initiatives.
To learn more, please visit NFP's website.
At NFP Corp., our solutions and expertise are matched only by our personal commitment to each client's goals. We're a leading insurance broker and consultant that provides employee benefits, property & casualty, retirement and individual private client solutions through our licensed subsidiaries and affiliates.
NFP has more than 4,300 employees and global capabilities. Our expansive reach gives us access to highly rated insurers, vendors and financial institutions in the industry, while our locally based employees tailor each solution to meet our clients' needs. We've become one of the largest insurance brokerage, consulting and wealth management firms by building enduring relationships with our clients and helping them realize their goals.
Recently NFP was named the 2nd largest retirement plan aggregator firm, as ranked by Investment News; the 5th largest U.S.-based privately owned broker, the 5th best place to work in insurance and the 6th largest benefits broker by global revenue by Business Insurance; the 9th largest property & casualty agency by total 2016 P&C revenue and the 9th largest commercial lines agency by total 2016 P&C and commercial lines revenue by Insurance Journal; the 10th largest employee benefits broker by Employee Benefit Adviser; the 11th largest broker of U.S. business by Business Insurance; and the 12th largest global insurance broker by Best's Review.
For more information, visit NFP.com.
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