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5 Ways Insurers Can Harness Social Media

5 Ways Insurers Can Harness Social Media

Social media platforms have allowed players across all industries to connect with consumers on a more personal level. The impact of social media on fashion, beauty, and wellness brands has been undeniable. It’s time for insurance providers to tap into the power of social media to expand their businesses and increase their profits. From engagement…

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5 Digital Disruptions Small Insurers Need to Navigate

5 Digital Disruptions Small Insurers Need to Navigate

In 2017, insurance companies and related enterprises accounted for over $600 billion, or 3.1% of the gross domestic product of the U.S., according to the Bureau of Economic Analysis. In 2018, insurance carriers employed over 1.5 million people. Despite the substantial contribution the insurance industry makes to the U.S. economy, it has been slow to…

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Insurance Value Chain Technology

How Technology Can Help Across the Insurance Value Chain

According to Charles Robinson, retired vice chairman of Rogers & Gray Insurance, technology has driven more change in the insurance industry over the past 10 years than anything ever did in the previous 30 years.   Some change relates to consumer use of technology—cell phones causing distracted driving, safety technology affecting premiums—but there are also…

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Insurtech Trends in 2019

Four Insurtech Trends in 2019 for Small Insurers

Insurtech, short for insurance technology, is disrupting the insurance industry and changing the way companies serve their customers. Once limited to the industry’s biggest names, Insurtech is now accessible to insurers of all sizes.      Larger companies still have more options simply because they have the resources to experiment with costly new technologies. Nevertheless,…

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Is the Captive Industry Ready to Compete Tomorrow?

Capital preservation, one of the main financial objectives of captives, is also a critical element to a captive’s success.  Along with conservative investments, captives must be able to manage costs in a both a hard and soft market. Consider that between 2014 and 2018, captives added $3.1 billion to their year-end surplus and paid $1.6…

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insurance-management-software-security

Ways to Avoid Ransomware Attacks for Self-Insured Municipalities

In today’s insurance marketplace, the benefits of technology cannot be overstated; however, the dark side of technology—namely ransomware attacks—is now infiltrating self-insured municipalities. Ransomware attacks occur when criminals find a way into the organization, encrypt as much data as possible, and then extort money from you to get your own data back.  If the ransom…

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Insurance Rules Engine

4 Tips to Improve Your Insurance Rules Engine

  There is a quiet revolution sweeping through the insurance industry. New data storage options and artificial intelligence solutions are allowing smaller insurance companies to use the same technology as their larger counterparts, giving them access to previously unattainable levels of data security and operations efficiency. This innovation represents a real game-changer for small insurance…

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Insurance Company BI Solution

4 Ways a BI Solution Can Help Your Insurance Company

Although it might seem like old-fashioned customer service and advanced technology are incompatible concepts, that’s far from the truth. Cutting-edge insurance business intelligence (BI) software is helping companies streamline and improve their customer service across the board. From renewals and cancellations to customer outreach, BI software is making customer interactions easier at every step for…

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Automated Underwriting Software

What to Look for in Automated Underwriting Software

Sometimes an underwriting task is unusually complex, requiring special attention to its unique circumstances. Every experienced underwriter has seen a few cases like this.   While unique cases require critical thinking and a hands-on approach, many underwriting tasks are not unique. Some do not require much in the way of creative thinking or adaptability. From…

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How to Manage an Insurance Company

4 Tips On How to Manage an Insurance Company

  Business owners of small insurance companies know how challenging it can be to run and grow a company. It can seem like there are endless mistakes to make when you’re learning how to manage an insurance company, but there are also plenty of best practices and proven solutions, too. Many decision makers have discovered…

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