Sam Scheef Wins Lifetime Achievement Awards

Sam Scheef Wins Lifetime Achievement Awards

ARMtech Founder Honored by NCIS, CIRB

AgriSompo North America is very pleased to congratulate Sam Scheef, who this year received two Lifetime Achievement Awards in honor of his incredible leadership within the world of crop insurance. 

The two awards were granted by National Crop Insurance Services (NCIS) and the Crop Insurance and Reinsurance Bureau (CIRB). These awards are meant to recognize important, career-long contributions to the crop insurance industry.

 

Above: Sam, middle, accepts the NCIS Lifetime Achievement Award.

 

Sam is the founder of ARMtech Insurance Services, one of the organizations which would later combine to form AgriSompo North America. He was among the first to introduce innovative technological efficiencies that continue to influence crop insurance software and processes to this day.

Throughout his career, Sam worked for the improvement and success of both the company he founded and the crop insurance industry as a whole. Through his organizational leadership and involvement in crop insurance advocacy, Sam was a strong voice in the development of the legislation, standards, and procedures that helped shape the industry we know today.

Widely respected for his deep affection for agriculture, extensive crop insurance knowledge, and a passion for pushing the boundaries of technology, Sam Scheef truly exemplifies the core values of an industry leader.

Read More About Sam's Story

For Sam Scheef, a computer programming project in his twenties led to a 35-year career in crop insurance and the creation of the nation’s fifth largest provider of federally-sponsored crop insurance.

In 1980, Lorenzo, Texas, native Sam Scheef earned a Bachelor of Arts degree in Radio, Television, and Film from Texas Tech University and began working for a radio station in nearby Lubbock, Texas. Frustrated by the manual process of compiling and printing music playlists, Sam relied on knowledge gleaned from a couple of college computer courses to write a program to automate the process.  With that, the trajectory of his career changed completely. 

In 1985, Sam began developing software full time. Insurance companies were awash with manual and physical processes, so at the request of a local crop insurance agent, Sam created one of the first programs to automatically rate insurance policies. The project led to further development, and Sam opened AgriPeril Software Systems in the early 1990s to offer the software to crop insurance agencies.

Several years later, Sam created the next generation of industry software by developing the first Windows-based crop insurance processing system for personal computers.  He founded a software company in 1996 to distribute the product: ARMtech Insurance Services.

ARMtech became a Managing General Agency in 1999 and deployed AgriNet, its proprietary crop insurance processing software, for the 2002 reinsurance year. In 2003, under Sam’s guidance, ARMtech became an SRA holder by purchasing American Agri-Business Insurance Company (AA-BIC).

Over the years, Sam continued to identify areas where business inefficiencies could be solved by technology. With the development of its Document Imaging system, ARMtech was the first Approved Insurance Provider (AIP) to feature a fully electronic policy file, eliminating the need for cumbersome paperwork storage and shipping. ARMtech also revolutionized the way claims were worked and processed by creating a system which allowed adjusters to scan paperwork directly to auditors. The speed and accuracy of the new process made it possible for producers to receive claims payments much faster than ever before. Sam’s vision and leadership were instrumental in the development of both these advancements, and many more.

By the time ARMtech joined Endurance Specialty Holdings in 2007, it was the nation’s fifth largest crop insurance provider. The company became part of Sompo International in 2017 and was combined with Diversified Crop Insurance Services in 2021 to become AgriSompo North America. 

Sam relinquished his role as ARMtech’s CEO in 2010 but served on both the ARMtech and AA-BIC Board of Directors until his retirement in 2020. Throughout his career, Sam was admired and respected by his employees and co-workers for being fair and impartial, with an ability to solve problems by applying technology.

Sam’s leadership within the crop insurance industry extended beyond ARMtech. Sam served on the Board of Directors for the American Association of Crop Insurers from 2006-2010 as the representative for ARMtech Insurance Services.  During his time on the Board, Sam served as Chairman of AACI from 2006-2008.

One of Sam’s most notable moments while serving as AACI Chairman took place in March of 2006 when he participated as a witness in a congressional hearing to review the federal crop insurance program.  The hearing was held by the House Agriculture Subcommittee on General Farm Commodities and Risk Management on March 15, 2006.  During that hearing, Sam and the other witnesses provided a general overview of the issues facing the crop insurance program including multiple-year losses, disaster assistance, premium reduction plan, and the upcoming farm bill reauthorization.

Sam also helped chart a new standard of excellence for the Crop Insurance and Reinsurance Bureau (CIRB).  His company, American Agri-Business Insurance Company, was among the first non-mutual insurers to join CIRB, and its membership opened the door to other stock held AIP’s to become engaged with CIRB.   

Sam joined the CIRB Executive Committee in 2006 and served as Chair of the organization from 2011-2012. His tenure on the committee occurred during a critical time for the industry, and a monumental time for the organization. With Sam’s input, the CIRB Executive Committee decided to relocate its office from Kansas City to Washington DC to increase its political involvement.  Under Sam’s steady leadership, CIRB also embarked on a strategic planning process that led to the development of the crop insurance coalition which today coordinates crop insurance advocacy across more than 100 industry partners. In spite of the many challenges during this process, Sam’s clear guidance and steady hand combined with his business acumen and ability to look into the future helped place not only CIRB, but also the industry, in a strong position as advocates for the program. 

Sam’s commitment to crop insurance is rivaled only by his devotion to his family and community. One of the founders of Peoples Bank, Sam served on the Board of Directors for 19 years. He currently serves on the Board of Directors for High Point Village, the Texas Tech Therapeutic Riding Center, and the Lubbock Chamber Orchestra. A licensed pilot, Sam is the Chairman of the Lubbock Preston Smith International Airport Advisory Board. Sam is married to Jana, and together they have a blended family of five adult children and three grandchildren.