All Blog Posts

Attendees Prove Work and Play Mix Well at CHSI Technologies’ User Conference

More than 50 customers, business partners and members of CHSI Technologies’ leadership gathered in Las Vegas this month for CHSI’s 2019 Connections Users’ Workshop, and the event delivered on its promise: to combine critical learnings with networking and fun. Day one of the workshop included timely keynotes from Elisha Krempetz of Concentra, who spoke on…

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CHSI Announces Customer Award Winners

The CHSI Technologies’ Annual User Workshop would not be complete without the company recognizing the efforts of customers who are using CHSI Connections® to help set best practice examples for the rest of the industry. During the first day of the workshop, members of CHSI’s leadership team officially recognized the following customers for a variety…

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5 Ways Insurers Can Harness Social Media

5 Ways Insurers Can Harness Social Media

Social media platforms have allowed players across all industries to connect with consumers on a more personal level. The impact of social media on fashion, beauty, and wellness brands has been undeniable. It’s time for insurance providers to tap into the power of social media to expand their businesses and increase their profits. From engagement…

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5 Digital Disruptions Small Insurers Need to Navigate

5 Digital Disruptions Small Insurers Need to Navigate

In 2017, insurance companies and related enterprises accounted for over $600 billion, or 3.1% of the gross domestic product of the U.S., according to the Bureau of Economic Analysis. In 2018, insurance carriers employed over 1.5 million people. Despite the substantial contribution the insurance industry makes to the U.S. economy, it has been slow to…

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Insurance Value Chain Technology

How Technology Can Help Across the Insurance Value Chain

According to Charles Robinson, retired vice chairman of Rogers & Gray Insurance, technology has driven more change in the insurance industry over the past 10 years than anything ever did in the previous 30 years.   Some change relates to consumer use of technology—cell phones causing distracted driving, safety technology affecting premiums—but there are also…

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Laptop Workers' Comp Charts

Workers’ Comp Industry Is Stable

Despite recent weakening in workers’ compensation market fundamentals, this year the workers’ comp market should see a fifth consecutive year of underwriting profits. The industry’s statutory combined ratio fell to 86% in 2018, having averaged 93% annually since 2015, notes a Fitch Ratings report, “U.S. Workers’ Compensation Market Update – Fifth Consecutive Year of Underwriting…

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Insurtech Trends in 2019

Four Insurtech Trends in 2019 for Small Insurers

Insurtech, short for insurance technology, is disrupting the insurance industry and changing the way companies serve their customers. Once limited to the industry’s biggest names, Insurtech is now accessible to insurers of all sizes.      Larger companies still have more options simply because they have the resources to experiment with costly new technologies. Nevertheless,…

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Is the Captive Industry Ready to Compete Tomorrow?

Capital preservation, one of the main financial objectives of captives, is also a critical element to a captive’s success.  Along with conservative investments, captives must be able to manage costs in a both a hard and soft market. Consider that between 2014 and 2018, captives added $3.1 billion to their year-end surplus and paid $1.6…

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Passion, Vision and Creativity Spell Success for Terry Duke

The topic of successful cotton crops—or even agriculture for that matter—may not be common dinner table talk … unless you happen to be Terry Duke.  Providing viable insurance coverage for the industry for more than 40 years, Duke knows a thing or two about the agricultural industry in his home state of Louisiana, and his…

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insurance-management-software-security

Ways to Avoid Ransomware Attacks for Self-Insured Municipalities

In today’s insurance marketplace, the benefits of technology cannot be overstated; however, the dark side of technology—namely ransomware attacks—is now infiltrating self-insured municipalities. Ransomware attacks occur when criminals find a way into the organization, encrypt as much data as possible, and then extort money from you to get your own data back.  If the ransom…

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