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Millenials-CHSI

A crisis is brewing in the nation's insurance sector, and it is one that could have disastrous effects if left unaddressed.   The crisis is an approaching workforce shortfall within the insurance industry. As Baby Boomers continue to retire, a gap is beginning to appear in the number of millennials entering the insurance workforce to replace them.   A number of factors may contribute to the problem, and the...

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Cloud-Accounting-CHSI

All businesses, regardless of their niche, require some sort of accounting system in order to determine if their endeavors are profitable, identify where their money is going and complete required reporting to government agencies.   Small to medium-sized insurance companies have encountered unique challenges in developing accounting systems due to budget and technological constraints. Thankfully, the advent of cloud accounting systems has helped to ease these constraints...

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Cyber-Security-CHSI

As an owner or employee of a small to mid-size insurance organization, you understand risk. But have you considered covering cyber risks for small businesses? The data small businesses collect and the online footprint they leave behind, no matter how small, can make them vulnerable targets. Here are some concrete steps you can take to assess your clients' cyber risk and offer them protection in...

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Saas-Checklist-CHSI

The technology question that most small to mid-size insurance firms face has changed from whether to undergo a digital transformation to how to undergo a digital transformation. How can your firm move to digital without compromising sensitive data, up-ending established workflows or investing in expensive hardware? As with most things digital, the answer is the cloud. Here are some key factors to consider when integrating...

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Switch-To-Automated-Software-CHSI

Small to medium-sized insurers are increasingly coming to grips with the fact that, to keep pace with their larger competitors, they must embrace technology to the greatest extent possible.   Making a switch to automated insurance software is one way to keep pace with the competition while improving company performance and streamlining information technology operations.   New automation platforms are capable of more than just processing data input for...

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Underwriters-Stay-Organized-CHSI

Underwriting can simultaneously be the best and worst part of a small to mid-size insurance company. It can save the company thousands of dollars by helping to eliminate risks to the company's capital base, yet if not managed correctly it can cause the loss of potentially good clients.   An insurance management software package that includes an underwriting module can be the key to the efficient conversion...

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Client-Acquisition-Insurance-Software

Leveraging the playing field for small-to-medium insurance companies has become a reality for many such companies who have historically struggled to compete with the larger insurers. Achieving this has been largely due to the use of web-based underwriting software, including applications to help facilitate the quoting/binding process and increase a company's client base.   The prospect of insurance underwriting is very possibly the least enjoyable part of...

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Trends-Workers-Comp

Small businesses, workers' compensation pools and mid-size insurance firms stand to benefit from growing trends within the insurance market. From dropping rates, to increased granularity and affordable software solutions, small insurers of all stripes are poised to make gains. Dropping Rates Small to mid-size businesses should expect rate drops to continue throughout 2018 due to improved worker safety and increased automation. Other variables that contribute to falling...

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Collaboration-System-vs-Email

Security concerns are only one of the reasons why small and mid-size insurance organizations are moving away from email. Affordable, secure, collaborative systems also increase efficiency across all operations by improving message delivery and response times, encouraging real-time feedback and delivering essential pieces of information within a secure environment. Timely Response Studies indicate that email communication is ineffective when it comes to delivering urgent messages and transmitting...

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Workflow-Insurance-Software

Gathering information, assessing risk, pursuing leads, nurturing clients and collaborating with colleagues are all elements of a typical workflow. For small insurance organizations and public risk pools, the amount of time and energy spent on each key component will differ, which is why SaaS software packages are convenient and cost-effective. In addition, SaaS insurance management software streamlines these processes by integrating them into one seamless...

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