Toll Free: 866-434-3561 SUPPORT

Insights

How Businesses Can Prevent Workers’ Compensation Audits and Mistakes

This article was written by Gerry Dumke, Vice President of Underwriting at Caitlin-Morgan Insurance Services, a provider of insurance and risk management services for assisted living facilities and nursing homes. Reprinted here with permission. Workers’ compensation insurance is a critical part of the business world. This specialized insurance is designed to protect business assets as well as…

Read More...

Funding a Cannabis Captive? Consider Your Technology Footprint Carefully

It’s difficult to predict how the captive industry marketplace will evolve in 2019 and beyond, because data from regional jurisdictions on individual cells, series and risk-bearing entities is not consistent.  However, the impetus for creating a captive remains the same: under the right circumstances, there are a host of benefits to a new formation, making…

Read More...

Cloud-Based Technology: Four Common Questions

As traditional enterprise insurance software applications continue to take a back seat to Software as a Service (SaaS) through cloud-based technology, smaller insurance companies may be intrigued yet hesitant to commit to migrating to the cloud. In an effort to ease the consternation associated with moving to the cloud, below are four questions that commonly…

Read More...

What is Required to Support a Cloud Service?

One of the newest buzzwords in business technology is changing the landscape of how small to mid-size insurance companies are operating and that buzzword is the “cloud”. Cloud computing has already begun to have a tremendous impact on how these companies do business, but a lot of confusion still exists as to what the cloud…

Read More...

Six Questions to Ask Your Potential SaaS Providers

Small to mid-size insurance companies are moving to SaaS (Software as a Service) more than ever before, and with good reason. The cost savings in technology equipment and personnel can amount to thousands of dollars, allowing companies to place greater focus on growing their business and less time on dealing with technological issues. However, companies…

Read More...

Five Major Benefits of Cloud Computing

Software packages can often scale too large for small-to-mid-size insurance firms or they may contain options that aren’t applicable. Cloud-based software for insurance companies offers secure, scalable and industry-specific solutions. Here are five benefits that cloud-based software packages can offer your firm: Faster Revenue Growth Recent data from Dell indicates that companies using cloud-based software…

Read More...

Adding Value to Your Company Through SaaS

Software as a service, or SaaS, has been available to enterprise-level insurance firms for a decade or more. Now that cloud-computing costs have dipped, smaller insurance firms can use this IT structure to power apps, integrate services and store data as needed. Firms that serve public risk pools have been the first to see the…

Read More...

How to Easily Transition to SaaS Technology For Your Business

If your organization is sitting on piles of legacy data or if your company is facing the need for a costly server update or configuration, then you have probably heard about cloud-based insurance company software as an alternative to your current processes. However, making the switch to the cloud is daunting for a variety of…

Read More...

Insights from Digital Insurance: Beating the "Law of Inertia" in Insurance Innovation

It’s common knowledge that due to a host of reasons, smaller insurers, municipal risk pools, captives and self-insured groups are hesitant to adopt new technology and thereby adapt their business processes for continuous improvement. We know that some of these reasons are beyond their control, but we also know that many of these companies exist…

Read More...

Hot Topic Issue: What is The Tax Shelter Captive?

When the federal government adopted The Tax Shelter Captive IRC 831(b), captive insurers were provided the opportunity to deduct premiums from their tax bill. The benefits are obvious. Unfortunately, those benefits led to an abuse of the system. Some captive insurance groups are merely tax shelters that offer little to no risk coverage. How do…

Read More...