Skip to content

Toll Free: 866-434-3561 SUPPORT

Insights

five major benefits of cloud computing

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

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

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

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...
should your public entity participate in a risk sharing pool

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...
should your public entity participate in a risk sharing pool

More Firms Now Using Captives for Cyber Liability and Terrorism Risk Insurance

Captives are a risk management strategy currently experiencing growth across industries as a result of a healthy economy and subsequent growth of business sectors. As organizations, both large and small, expand across geographies, they are challenged by complexity, regulations, employee benefits and shifting business alliances. Captive insurance technology has kept pace with a growing demand,…

Read More...
will captives use bmas regulatory sandbox

Will Captives Use BMA’s Regulatory Sandbox?

The Bermuda Monetary Authority has opened an application process designed for insurers interested in experimenting with new technologies within a relatively risk-free and carefully modified regulatory environment. A regulatory sandbox is a new and extremely relevant concept as the insurance industry expands in non-traditional ways and leverages new technology. Here are a few examples of…

Read More...
should your public entity participate in a risk sharing pool

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…

Read More...
what a saas model should incorporate to be successful

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…

Read More...
should your public entity participate in a risk sharing pool

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…

Read More...