Triple-I Appoints Patrick Schmid Chief Insurance Officer; Will Also Lead Catastrophe Resiliency Council and Insurance Research Council

July 2, 2025

MALVERN, Pa. - The Insurance Information Institute (Triple-I), an affiliate of The Institutes, announced today Patrick Schmid has been appointed chief insurance officer at Triple-I, effective July 11, 2025.

In addition, Schmid will lead the organization’s Catastrophe Resiliency Council and the Insurance Research Council, reporting to Triple-I CEO Sean Kevelighan. Schmid will also continue in his role as president of The Institutes’ RiskStream Collaborative, reporting to Pete Miller, president and CEO at The Institutes. He is replacing Dale Porfilio as Triple-I’s chief insurance officer and president of IRC.

“After four years of dedicated service, Dale has decided to pursue new opportunities. We are grateful for his leadership and the impact he has made across our organization and industry. He helped shape critical initiatives and strengthen the value we provide our members,” Kevelighan said.

“I have been deeply honored to serve the insurance industry as a leader of the Triple-I and IRC for the last four years, educating consumers, media, policymakers and industry professionals every day,” Porfilio said. “I am looking forward to my next career chapter and continuing to work and serve in the insurance industry.”

Kevelighan added, “We are fortunate to have a strong succession plan in place with Pat and his deep understanding of strategy, risk management and collaborative innovation make him an excellent fit for this expanded leadership role at Triple-I and IRC.”

“I’m truly excited to embrace this opportunity to lead and collaborate within the Triple-I, IRC and the Catastrophe Resiliency Council communities,” Schmid said. “Working together with industry leaders, we will drive innovative, informative initiatives that strengthen and advance the future of risk management and insurance. United by a shared vision, we are poised to create meaningful impact and inspire progress across the entire industry.”

Schmid holds a master’s degree and Ph.D. in economics from Temple University. He has taught economics and finance at several Philadelphia-area colleges and universities including Albright College, Drexel University, Saint Joseph’s University, Temple University and the Wharton School at the University of Pennsylvania.

During his 17-year tenure at The Institutes, his roles have included vice president, RiskStream Collaborative; assistant vice president, enterprise research; and director of research at IRC. Prior to working in the insurance industry, Schmid was an economist for Moody's Analytics.