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Spring Consulting Group L.L.C.
Karin Landry is an expert in captive insurance, having advised and worked with about 50% of companies that have gone through the U.S. Department of Labor’s approval process for captive funds. In the past few years, Ms. Landry and her team received several patents from the U.S. Patent and Trademark Office for Spring Consulting Group’s program that funds employee and retiree benefits captives. Ms. Landry is a past chairwoman of the Captive Insurance Co. Association and a member of the ERISA Industry Committee, a Washington organization that represents employer interests under the Employee Retirement Income Security Act. She also serves as a professor of employee benefits for the International Center for Captive Insurance Education in Shelburne, Vt.
WHAT ADVICE WOULD YOU GIVE TO WOMEN ENTERING THIS FIELD?
First and foremost, I would encourage women entering the field to get as many experiences in different areas of the industry as possible; by doing this we continue to push ourselves to learn, and grow and become leaders. Real leaders have a broad perspective. Additionally, the insurance and financial services industry is one that is fast-paced and ever-evolving; the best way to advance and continue your education in the field is to monitor for industry change. By learning and keeping ahead of industry changes, you can advance yourself both professionally and personally.
WHAT’S THE BEST ADVICE YOU’VE RECEIVED IN YOUR LIFE?
I have received a lot of good advice throughout my career. Some of the key messages are put clients first and produce results for them, and the hallmark of a professional is follow-through. Don’t take “no” or “can’t” for an answer.
WHAT’S THE BEST-KEPT SECRET ABOUT WORKING IN THE INSURANCE INDUSTRY?
It is a field that is diverse, interesting, and encompasses a number of different areas: insurance and investment risk, underwriting, claims, etc. It is an ever-changing industry with new solutions emerging, where you can be creative and develop those new solutions. More importantly, there is no reason why women cannot lead this industry.
WHAT’S THE NEXT MAJOR CHALLENGE IN YOUR BUSINESS SECTOR?
The constant changes to the regulations represent the biggest challenge to our business sector. Insurance and financial services are becoming more and more regulated. While some regulation is necessary, the level of increasing regulations and complexity has been staggering for employers, insurers and financial service firms in the last 10 years. I spend much of my time trying to ensure clients can be creative in the face of regulation while ensuring it creates protection without paralysis.
WHAT DO YOU DO TO RELIEVE STRESS?
To relieve stress, I spend time with my family. Life gets busy, especially when you are working towards professional goals; however, it is important not to miss the forest for the trees. I have always found solace in being a mother, and as kids age and move away, there is less time to be spent as an entire family. The times we all spend together are my most cherished and relaxed time.
WHAT’S YOUR SECRET VICE?
Cape Cod Potato Chips and “NCIS.”
WHAT SKILL HAS BEEN AN UNEXPECTED AID TO YOUR CAREER?
My creativity and stick-to-it attitude. I never give up. Sometimes you need the ability to tune out naysayers when you need to stand your ground.
WHAT’S AT THE TOP OF YOUR BUCKET LIST?
Live in Provence, perfect my French, and open a winery.
Business Insurance's annual Women to Watch feature recognizes women doing outstanding work in insurance, risk management, employee benefits and related fields.