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Best Practices for Locking Down Your SaaS Enterprise Security

Small to medium-sized insurance companies are turning to Software-as-a-Service (SaaS) with an ever-increasing frequency. It is important that data channeled through SaaS is safe and secure to the greatest degree possible against being lost, stolen or corrupted. There are recommended measures that can be taken to help protect sensitive data from being compromised.   Avoid…

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What a SaaS Model Should Incorporate to Be Successful

Smaller insurance companies are migrating away from traditional in-house hardware and software systems, and who can blame them? New and innovative cloud-based applications are now available that save these companies time, money and headaches. These systems, known as Software as a Service, or SaaS, are changing the landscape of insurers and allowing smaller companies to…

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8 Strengths of A Powerful and Practical Insurance ERM Framework

Small insurers hold an advantageous position in the industry. Their flexibility allows for speed and customization. They offer and manage traditional and non-traditional insurance policies while accessing similar digital tools and insurance underwriting software as their larger, and less personable, competitors. By leveraging the power of ERM frameworks, small insurers are able to assess risk…

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8 Facts About Public Entity Risk Pools

Public entities, such as state agencies, municipalities and school districts, share a common bond in that their revenue comes from public funds or taxpayer dollars. In order to effectively manage risk with public funds, many public entities are forming public entity risk pools with immense success. For public entities considering joining or forming a risk…

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Is a Captive Insurance Company a Good Strategy?

In an ever-changing economic environment, businesses are looking for new and innovative ways to effectively manage capital and assets. Some companies are seeking alternatives to traditional insurance coverages through the use of a captive insurance company.   What is Captive Insurance? Basically, a captive insurer is an insurance company that is completely controlled and owned…

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Should Your Public Entity Participate in a Risk-Sharing Pool?

Public entities, such as government agencies and municipalities, have unique needs when it comes to insurance and risk management. Because their sources of revenue are public funds, i.e. taxpayer dollars, they are held to a higher level of stewardship than businesses in the private sector. In order to help mitigate risk while preserving revenue, some…

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Consider an IT “Dog Whisperer” to Forge a Successful IT Journey

Insurers come in all shapes and sizes, from Tier 1 monolithic operations to the smallest captives and self-insured groups.  One thing has been made clear to me in the 30-plus years I’ve served this industry: Regardless of size, many insurers do not fully understand their technology requirements. I’m not saying this because I want to…

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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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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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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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