For at least a short period of time, Arizona will have a top insurance regulator who has developed an insurance product comparison tool, a private exchange system, and other tools for life and health insurance agents.
Gov. Doug Ducey recently named Keith Schraad to be the interim director of the Arizona Department of Insurance.
|Founder of insurance tech firm
Schraad has been the director of sales at First Data Corp., a giant credit card processing services firm, since February 2015. Before that, he was the founder and president of Online Insurance Corp., an Overland Park, Kansas-based insurance technology firm.
While Schraad was at Online Insurance Corp., from 2008 to January 2015, he oversaw the development of CommissionBuilder, a health insurance product rate comparison tool.
Schraad's company also created the Blue KC Exchange, a private exchange system for Blue Cross and Blue Shield of Kansas City.
Earlier, Schraad was active in Republican politics. He helped start Synhorst and Schraad, a telemarketing firm that handled fundraising efforts for Republican candidates and university alumni organizations in the late 1980s and early 1990s.
|Former Kansas state senator
From January 1996 to January 1998, Schraad represented Overland Park in the Kansas State Legislator as a Republican state senator.
Schraad has a bachelor's degree from the University of Kansas and a law degree from Washburn University.
He succeeds Leslie Hess, a lawyer who had been working as a life insurance company compliance director before becoming Arizona's previous interim insurance director.
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Allison Bell
Allison Bell, a senior reporter at ThinkAdvisor and BenefitsPRO, previously was an associate editor at National Underwriter Life & Health. She has a bachelor's degree in economics from Washington University in St. Louis and a master's degree in journalism from the Medill School of Journalism at Northwestern University. She can be reached through X at @Think_Allison.
