Category: Blog

11 Apr 2019

IT Department Participates in Biannual Hackathon Event

Twice a year, BCS’ IT department participates in a “Hackathon” that allows employees two days off to spend time honing their craft. Participants can use the time to learn new technologies, address a nagging problem, or innovate new concepts and ideas to better the business.

Last month, seven cross-functional teams participated in Hackathon projects, including:

  • Improving the project tracking and requirements process
  • Maximizing the Office 365 suite to automate approval processes and flows
  • Innovating ideas for the Culture Team
  • Refreshing internal databases and processes

These events provide opportunities for innovation, imagination, and initiative, and help further our company and our culture.

01 Apr 2019

BCS Financial Wins Award for Business Excellence

Award recognizes successful suburban businesses and the people who make them successful

OAKBROOK TERRACE, Ill., April 1, 2019 – BCS Financial announces today that it is the recipient of the Daily Herald Business Ledger’s Annual Award for Business Excellence (AABE).  The AABEs are given to suburban Chicago businesses who achieve outstanding results in the areas of business achievement, growth and community involvement.

“Our company strives for excellence every day in our growth strategies, business execution, and community involvement,” said BCS Financial President and CEO, Scott Beacham. “This prestigious award honors our commitment to business excellence, and recognizes the hard work and dedication of our 130 employees.”

BCS Financial, owned by all Blue Cross and Blue Shield primary licensees, provides strategic insurance solutions for insurance companies, brokers, agents, administrators, employers, employees, and individuals worldwide. BCS is recognized in the medium size company (51-150 employees) category. The company was judged on criteria including its storied history, philanthropic involvement, recent EssentialCare® Hospital Indemnity, Accident, and Critical Illness product launches, and its efforts to increase the economic vitality of the Oak Brook community.

“BCS is proud of its long legacy in the Chicagoland area, and is honored to receive the 29th Annual Award for Business Excellence on behalf of our employees, our customers, and key business partners,” adds Beacham.

About BCS Financial Corporation

BCS Financial Corporation has more than 70 years of experience delivering a wide-range of insurance and financial solutions for Blue Cross and Blue Shield organizations nationwide. Through its subsidiaries, BCS Insurance Company and 4 Ever Life Insurance Company, BCS is licensed in all 50 states and is rated A- (Excellent) by A.M. Best. BCS Financial is headquartered in Oakbrook Terrace, Ill. Learn more at bcsf.com.

For more information, please contact Nathan Post at 630.472.7860.

27 Mar 2019

Meet the Team – Cyber

This month we feature Tammy Kocher, director, Cyber Liability Underwriting, and the 2018 Christine Pulak award recipient.

Tammy was nominated twice for this year’s Pulak award. Nominators described her as a “positive force that services both internal and external partners” and an “infectious influencer” that people gravitate to for “personal touch and subject matter expertise.” Read on for more positivity and a peek into the daily life of a Cyber Underwriter at BCS.

Q: Describe your role at BCS.

A: I am the lead underwriter for our BCS cyber portfolio, which includes CyberBlue, our product designed for Blue Cross Blue Shield companies, and Excess Cyber Liability, where I work with companies of all shapes and sizes on an excess basis.

My role is a blend of technical underwriting (pricing and analysis of cyber risk), product management, account management, relationship management, and sales all rolled into one exciting role!

Q: What does a typical day at BCS look like for you?

A: There’s no such thing as a typical day. I like to say I have traded in my D1 Collegiate hoopster high-tops for my new sport “juggling” for the last 15 years in Cyber—and I could not be more thrilled.

The key for me every single day is connecting and educating, while bringing in new clients and keeping the ones we have very satisfied. I develop and foster connections with brokers and clients, analyze and assess risk, and manage the pricing strategy for our products, and more.

I also connect with my amazing internal teammates, as well as our extremely talented partners in London, in all stages of what I do to accomplish our goal. I am the conduit to being sure I get all our key partners involved.

Q: What do you like most about your job? 

A: It all comes down to helping people.  I work with the best brokers in the industry, the most passionate and sophisticated clients, and teammates that continue to inspire me to be my best and bring my best.

I am also very involved with my professional and personal network of cyber colleagues outside the company, I speak at many events, and I dedicate time to learning and reading about cyber threats, market development and news. No matter how long you’ve been in the business, there’s always an opportunity to learn and I am a proud and networked cyber nerd!

Q: You joined BCS in August 2016. What drew you to the company?

A: I was originally hesitant to leave a job I liked in the city for a role in the suburbs, but I saw the culture at BCS as one that would let me use my skills, and be a part of a very talented team. I was drawn to the “entrepreneurial role”, which would involve wearing a lot of hats, and company that BCS is. I went with my gut, and it was the best decision.

Q: As an underwriter, you assess risk. What’s the biggest risk you’ve ever taken?

A: I was given the opportunity to speak in front of the Secret Service and create a panel within my network to speak about cyber insurance.  I speak at a lot of events, but this of course is at a super high-level of professional detail. It was an extremely gratifying experience – I learned as much from them as they did from me/us.

22 Feb 2019

Meet the Team – Marketing

According to Property Casualty 360°, the insurance industry will need to fill 400,000 positions by 2020, representing a variety of roles and professions. In honor of Insurance Careers Month, we are turning the spotlight on a profession that you may not think of when you think insurance. Get to know Lindawati, senior graphic design specialist in our Marketing department, with these five questions:

Q: Describe your role at BCS.

A: As a senior graphic designer, I’m responsible for delivering design solutions that meet company and marketing strategies from concept to completion. My work includes leading the visual development of BCS collateral, supporting our departmental and cultural teams, and maintaining the BCS brand.

Q: What key projects do you have on the horizon?

A: One of the key projects this year is the evolution of our BCS brand. We used to have multiple logos for different divisions, but now, we are simplifying the brand to unify our company internally as well as strengthen our brand position in the market.

Q: What does BCS stand for?

A: Fun fact – BCS is not an abbreviation. It doesn’t stand for anything at all! However, there is a theory that the name is a play on Blue Cross and Blue Shield (BCS Financial Corporation is owned by all primary Blue Cross Blue Shield licensees and the Blue Cross Blue Shield Association).

Q: What do you like most about working in the insurance industry?

A: Two things top my list: the work and the people. I like that the insurance industry is a dynamic field—where innovation and development of new ideas and products are highly appreciated. BCS, particularly, offers me the opportunity to be innovative and creative. I also get to work with the most talented, dedicated, and passionate people. Together, these make my job fun!

Q: Design your perfect day off.

A: I like spending time with my family and doing creative activities like finger painting. One time, we had too much fun splattering paint onto our bathroom’s wall at home. There was paint everywhere—it was messy, but we had a good laugh. And luckily, the paint is washable.

15 Feb 2019

Christine Pulak Outstanding Service Award

Providing exceptional service is a cornerstone of highly successful companies. The culture at BCS embraces individuals and teams that provide outstanding effort every day by exemplifying our company values.

 In 2009 BCS implemented a program designed to recognize an employee who regularly exhibited the highest levels of service as determined by our employees.  This achievement is recognized annually through the Christine Pulak Outstanding Service Award.

The award is named in honor of a late employee, Christine Pulak, who exemplified Outstanding Service and all the qualities recognized in our culture during her many years of service with the company.

Employees nominate their peers who exhibit behaviors such as:

  • Wholeheartedly embracing change and is an outstanding positive example to others
  • Regularly offering suggestions or actions to improve a process
  • Taking personal accountability and perseveres to find solutions
  • Not only participating on teams, but is able to collaborate to achieve the desired outcome
  • Consistently providing outstanding service to external or internal customers

 

14 Jan 2019

Meet the Team – Human Resources

Kicking off the new year is a Q&A with Patrick O’Rourke, director, Human Resources – Talent Acquisition, and member of our Culture Team. Get to know Patrick – and BCS – through the five questions below.

Q: What are your major responsibilities at BCS?

A: I am responsible for a variety of human resources functions at BCS Financial. I lead all talent acquisition efforts and provide counsel to leadership team regarding organizational change initiatives. I also support various BCS Culture-related activities.

Q: What’s something you are working on right now?

A: One of the recent changes that BCS has experienced is launching our work-from-home (WFH) program. Our WFH Program complements our flexible work schedule. Working towards a healthy work-life balance is something that is important to all our people and we believe that offering team members flexibility in terms of where they work will allow for increased productivity while reducing some of the stress of commuting.

Q: What are you looking for when recruiting for BCS?

A: At BCS Financial we have core values that we look for in addition to looking for technically proficient professionals. We call these values our key positive forces and we believe that individuals that operate with these values top of mind will not only produce excellent results for the organization but will also contribute to creating a healthy work environment.

Q: Describe the culture at BCS in three words.

A: Heartfelt, Motivated, Productive

Q: What did you want to be when you were a kid (besides HR, of course!)?

A: I was going to be a professional hockey player. I left my glory years of high school hockey in the rear-view mirror long ago and got into coaching. I now serve as a private coach for children in my community.

27 Dec 2018

Meet the Team – Claims

For December’s Meet the Team series, we sit down with Chuck Burke, vice president, Claims.

Q: Describe your team’s function.

A: As vice president of our Claims department, I undoubtedly believe that Claims is the heart, backbone and soul of the organization. Efficient claims management is critical to the success of any insurance company. Our role is to ensure that valid, covered claims are paid by the company in a timely manner. We want to provide exceptional customer service in the event of a covered loss. The Claims Department handles or oversees Medical Stop Loss, Excess of Loss, Life Insurance, Short- and Long-Term Disability, Agents Errors and Omissions, Cyber and Privacy Liability, Excess Directors & Officers, Excess Managed Care Errors & Omissions, Limited Benefits, Student Accident & Health, and Travel Insurance (both medical and trip-related).   We work with all our partners, both internal and external, to provide oversight and guidance.  To paraphrase Jack Nicholson (as Colonel Jessep) in A Few Good Men, “You want us on that wall (claim), you need us on that wall (claim).”

Q: How long have you been with BCS?

A: 14 years 9 months and 19 days, but who’s counting. I really like the opportunity to wear many different hats and work closely with all our functional areas. Every day is a different day.

Q: What would you say is the most important skill someone in your profession needs?

A: A curious mind.  Claims can be like putting a jigsaw puzzle together.  Questions are the puzzle pieces and being able to put them together can be challenging.

Q: What do you like most about your job?

A: At the end of the day I feel that my department has contributed to the success of the organization.  We are able to see the positive impact of the Claims Department to the overall health of BCS.  At other companies you don’t necessarily see that or feel that way.

Q: What is your claim to fame?

A: My claim to fame is that I got all three of my kids through college, out of the house and mostly off the dad payroll.

18 Dec 2018

BCS Participates in USSS CECTF Table Top Cybersecurity Simulation

As the sixth largest cybersecurity insurer according to A.M. Best1, BCS is actively involved in the cybersecurity community. Recently our very own Tammy Kocher, director, Cyber Underwriting, had the opportunity to participate in a table top simulation exercise with the United States Secret Service Chicago Electronic Crimes Task Force (USSS CECTF), West Monroe, CME Group, Argonne National Lab, and Perkins Coie.

The goal of the event, hosted by West Monroe as part of its cybersecurity community involvement efforts, was to help companies mature their cybersecurity organization by fostering communication and collaboration between industry, law enforcement, and subject matter experts.

Visit West Monroe’s blog for a recap of the event along key takeaways applicable to the cybersecurity community.

1 In 2017, BCS ranked 6th in cybersecurity direct premiums written, according to A.M. Best.

26 Nov 2018

Meet the Team – Service and Account Management

In our new monthly spotlight series, we ask our team members to share a little bit about their role at BCS. First up – a peek into our service department with five questions for Dan Watkiss, director, Service Partner and Account Management.

Q: Describe your team’s function.

A: My team is our Account Management team and our function is to take care of our stop loss and ancillary/voluntary benefit customers.  We define the customer as our Blue Plan partners, our brokers, our policyholders and our BCS sales team.  Our main goal is to support our sales team efforts in adding new business and retaining our current customers.

Q: What role does your team play when it comes to launching a new product?

A: We are involved in launching new products from a distribution standpoint, starting with the operational needs to set up processes to quote and execute sold business.  Once launched, our main function turns into assisting our sales team in those processes to quote and sell business.

Q: What would you say is the most important skill someone in your profession needs?

A: Empathy, without a doubt.  From working with internal partners to handling an escalated service issue from a customer, understanding the needs and feelings of the other person can help you support them to the fullest extent possible.

Q: What do you like most about your job?

A: Simply, the people I get to work with here at BCS is the best part of my job.  The functions of my role in particular are ones that allows me to work with so many people in so many different ways.  That has always been a huge motivator for me and I am so incredibly fortunate to have found such a great group of folks to work with!

Q: How do you maintain work/life balance?

A: I live a little farther west from our office, right about where farm country begins.  I have found that if I leave after rush hour in the morning, it only takes me about 35 minutes to commute in, compared to over an hour during the rush.  So I wake up a bit earlier and handle emails and organize my day at home, so that when I get in to the office, I can hit the ground running.  This also allows me to drop my kids off at school most mornings, which is a great way to get to spend more time with them.  I also have had the opportunity to work from home on a couple of occasions when I had some service being done to my home.  Having that flexibility and the support from my leadership and team has been great to maintaining a good work/life balance. 

26 Oct 2018

National Cybersecurity Awareness Month

October is National Cyber Security Month, but businesses need to be protected year-round. The risk of a cyber attack is now being classed as a top threat to organizations. Trends show rises in the number of data breaches, while costs to resolve these breaches continues to increase as well. In fact, more than one-third of organizations have experienced cyber attacks on operational technology infrastructure. Check out our infographic for more alarming cyber stats. (more…)