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insurance management software cloudbased

Small- to medium-sized insurance companies have several advantages over their larger counterparts. Their small size allows them greater flexibility in serving their clients and they can exercise more creativity when it comes to growing their business.   However, in years past, smaller insurers had a technological disadvantage as compared to larger insurance firms. The bigger fish had more capital with which to invest in cutting-edge technology. However,...

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insurance crm software importance

The insurance industry's rapid move into digital services places small-to-midsize insurers in a vulnerable position. While larger insurance organizations invest millions to keep pace with digital trends, smaller companies have greater financial restrictions. Smaller organizations might be tempted to stay competitive by offering their clients mobile apps and other quick-fixes, but insurance CRM software offers a long-term solution that is scalable, flexible, and dynamic.   Dynamic and...

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insurance-crm-software-change

Big ideas are good, but executing them is better.   Our industry has never seen so much call for change. Between the onslaught of emerging technologies, to insurtech startups weaving in and out of the insurance and vendor space, to urgent economic pressures that demand improvements on everything from customer relationships to the bottom line, the demands create constant pressure on insurers.   So, too, does the resistance to...

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insurance-underwriting-software-game-changer

The insurance playing field has been an ever-evolving entity over the past few decades, but it seems that the momentum for competition and growth is speeding up even faster. Companies that wish to thrive in this fast-paced environment must find the means to stay at least a step ahead of the competition.   The days of archaic tracking methods are quickly going the way of the companies...

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Last week I took some of my team out to an Escape Room to try our luck and celebrate their hard work which led to CHSI Technologies winning the US Captive Award for insurance technology.  And wow, did I pick up some great business lessons related to my people and strategy along the way.   In case you’re wondering, an escape room is a physical adventure game...

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insurance-software-insurer-growth

While smaller insurance companies may be somewhat intimidated by their larger competitors, they actually have some advantages over the bigger fish. The key is identifying and maximizing those advantages efficiently.   Importance of Adopting New Technologies The speed at which markets are evolving is setting a new precedent for the smaller insurance companies: keep up or prepare to go under. The companies that are keeping up are...

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insurance-management-software-security

In the quest to stay competitive, many small and mid-size insurance organizations are improving their processes by moving to cloud applications and agile databases. These organizations have learned that manual entries and spreadsheets are prone to human error. In addition, older systems limit user access and make collaboration difficult. These issues can be resolved with insurance management software. Now that software and mobile applications are...

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insurance-crm-software-considerations

Making the decision to utilize insurance management software is one of the most important decisions that a small-to-medium sized insurer will make. With the insurance market becoming more competitive than ever with the bigger companies striving to dominate the market, using specially-tailored software for insurance companies helps to level the playing field for the smaller companies and gives them the opportunity to grow. When searching for...

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    Imagine for a minute that a new competitor started calling on your customers and offering the same—or better—product, coverage, or services for much less cost. Are your relationships strong enough that your customers would ignore the prospect of an offering of better, faster, cheaper? Certainly, some would at least be inclined to explore the offer, would they not?   No need to imagine this scenario anymore; it’s...

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It’s no secret that insurers, especially small to medium-sized carriers, have a variety of concerns about doing away with their servers and moving their enterprise systems to the “cloud.” Indeed, the idea of turning over your core applications’ data and processing to a Software as a Service provider can feel risky, especially if you’re unsure that the “cloud” is a proven, safe, reliable solution.   For many, it’s...

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