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Month: June 2018

CHSI Technologies Celebrates Mid-Year Successes

CHSI Tech adds five new customers in first half of 2018   Henderson, NV-June 27, 2018– CHSI Technologies, Inc., a provider of enterprise-class insurance software, is pleased to announce its positive market position at the mid-year mark, adding new customers across the nation to the CHSI family of insurers as well as new feature/functionality to…

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enterprise-risk-management

The Revolution of Enterprise Risk Management for the Insurance Industry

Advances in technology have led to increased efficiency across the enterprise. But with increased data speed and communication and business growth comes increased risk for both enterprise-level organizations and small businesses. Data must be kept secure as it moves across the digital space. Digital communications must be safeguarded. Outsourced industries and specialties must be vetted…

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risk-management-consultant-company

Here’s Why Your Agency Should Partner with an Insurance & Risk Management Consulting Company

Small to mid-size agencies regularly outsource business functions. From insurance management software to accounting and payroll management, smaller firms simply do not have the budget to accommodate specialized IT or other staff. Since agencies already partner with a range of third-party services, partnering with an insurance and risk management consultancy is a logical next step.…

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commercial-insurance-consultants

Why CIC Services was a perfect Match For CHSI

Connections Management Software Runs CIC’s World Smaller businesses turn to captive insurance solutions when they aim to close coverage gaps, secure revenue and increase their business profit. Though these outcomes are highly beneficial, the processes needed to manage a successful captive insurance company can be overwhelming. Many businesses turn to third-party captive managers that understand…

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growth-cyber-insurance

The Future Growth of Cyber Insurance and How It Will Change the Market

Small- to medium-sized insurance companies not including cyber insurance packages in their coverage offerings may be missing a huge opportunity for growth. Statistics show that cyber crimes are on the rise and experts project that these trends will continue despite the most sophisticated cyber security measures employed by businesses around the globe. Interestingly, smaller companies…

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cyber-insurance

Eight Things to Know About Cyber Insurance and Its Impact

Data breaches are on the rise, and companies across the globe are realizing with an ever-growing intensity that the negative impact of such occurrences can be devastating. In addition to the enormous risk to companies’ assets, data breaches can result in loss of customers, sales, revenues and professional reputations. The following eight points are provided…

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artificial-intelligence

The Impact of the EU’s Data Privacy Laws on AI in Insurance

Artificial intelligence technology has become more pervasive than ever. Complex algorithms within this technology enable companies across multiple business sectors to gather information and profile current and potential customers. This has enabled companies to easily provide solutions that fit customers’ needs.   However, new legislation enacted by the European Union (EU) may make it difficult…

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blockchain-prototype

What Blockchain Prototype Offers the Captive Insurance Market?

The realm of blockchain technology is affording new opportunities for growth and optimization globally in the processing of financial transactions, and now a new prototype has been developed and is being successfully used in the captive insurance market.   The prototype, developed and implemented by Allianz Global Corporate & Specialty (AGCS) in cooperation with Ernst…

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software-as-a-service

Insurers Who Utilize SAAS Will See Immediate Return on Investment

Software As A Service Brings Immediate Return on Investment Software-as-a-service providers frequently promote the long-term savings offered by cloud technology. Smaller insurers might not have the time to wait for a return on an investment. Here are a few ways cloud-based insurance management software immediately brings a return on investment. Lower IT Costs The first…

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What Captives Need To Know About Blockchain

The cryptocurrency world is in tumult, but there has been serious discussion within the financial and security sectors regarding the technology that powers the volatile currency. While no one is suggesting that you invest in crypto, a deeper look at the code that powers it can transform captive insurance technology.   Blockchain Basics Cryptocurrency was…

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