Douglas Powell supports the formulation and assignment of financial stability ratings for Demotech by providing analysis of statutory financial statements and business information pertaining to Title underwriters and Property & Casualty insurance companies. Doug interfaces with clients to assist them in completing a rigorous financial analysis, while also providing insight regarding financial reporting practices and procedures. He also performs financial and operational and peer group analyses, as well as benchmark studies for client companies.
In addition, Doug serves as the Editor of Analysis of Risk Retention Groups, an on-line report published quarterly by Demotech, which provides a comprehensive review of current financial data on risk retention groups, supplemented by and commentary from industry leaders.
Doug also directs many of the communications from Demotech to clients and to the industry. He monitors and performs research and analysis of insurance industry issues, trends and results, and has authored/and co-authored numerous articles and reports in industry trade journals including Risk Retention Reporter, Insurance Journal, Insurance Advocate, The Title Report.
Doug has assumed increasing responsibility since joining Demotech in 2006, having worked previously as an accountant and auditor in the nonprofit and government sectors.
Doug holds a Bachelors of Business Administration from Tiffin University, and a Masters of Business Administration from Ashland University. He is currently studying to become a certified public accountant (CPA).
Doug has also been a contributing columnist to various publications lending his expertise and knowledge. Some of his articles can be viewed at http://issuu.com/powdoug.
Doug also serves as editor and chief-columnist for Analysis of Risk Retention Groups, published quarterly by Demotech, Inc.