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enterprise-risk-management

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 before being entrusted with proprietary information or client data.   Non-traditional insurance...

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risk-management-consultant-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. Here's why this kind of partnership will assist your agency...

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commercial-insurance-consultants

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 the insurance industry's regulations and idiosyncrasies as they work to...

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growth-cyber-insurance

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 across a broad variety of business sectors are posing a significant...

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cyber-insurance

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 to help to inform and clarify how cyber insurance is...

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artificial-intelligence

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 for insurance software providers to fully integrate AI into their platforms. The...

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blockchain-prototype

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 & Young, Citi Treasury and Trade Solutions, and Ginetta, has successfully passed...

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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 able to reach mainstream appeal based on blockchain, also known as open digital...

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Smaller insurance companies are migrating to the cloud using SaaS (Software as a Service) technology at an increasingly faster pace than ever before. Whether used for sales, administration or insurance underwriting software, these systems have helped to streamline insurance company software applications into a platform that supports all business functions with less hassle and greater affordability. These systems have helped to level the playing field...

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gig-economy

The global corporate landscape is changing and small to medium-sized insurance companies have excellent opportunities to capitalize on these changes. The buzzword fueling the change is known as the "Gig Economy" and it is taking the small business world by storm.   The Gig Economy consists of an ever-growing demographic of individuals who work as independent contractors or freelancers in various capacities. Examples include drivers for Lyft...

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