Timothy Boyce, US healthcare team leader, CFC Underwriting
As the youngest team leader in the history of CFC Underwriting, Timothy Boyce oversees a team of six members in support of the company’s healthcare liability offerings. Boyce is responsible for diversifying CFC’s suite of healthcare products and distribution channels, including managing business development for the entire suite of CFC products in the US. Boyce was able to identify underperforming areas and successfully transform these lines of business. He also saw notable opportunity in allied health and recognised increasing interest in health and wellness industries, and has led CFC’s allied medical product to become the healthcare team’s largest generator of enquiries, new business and overall premium income. Amid market downturn in underwriting results and stiff competition, Boyce’s team has consistently achieved an average NLR of 21% for the allied medical product.
In response to the risk exposures of the digital health industry, Boyce constructed and launched the first insurance solution for companies and individual practitioners who provide telemedicine and other digital health services. The product incorporates medical malpractice, tech E&O and cyber, all underwritten by the healthcare team, with worldwide policy coverage and understanding of state licensing restrictions. In less than a year’s time on the market, CFC’s eHealth product now insures close to 100 US-based companies offering telemedicine services to the US military and Department of Veterans Affairs in more than 70 countries.