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risk-exposure

Machine learning is disrupting numerous industries and the insurance industry is no exception. The rise of automated processes that include artificial intelligence-generated risk assessment and analysis stands to change the industry for the better, for both large-scale organizations and small-to-midsize insurance firms. Here are a few ways smaller organizations can gain better insights into risk exposure by using automated risk analytics. Integrated Perspectives and Single Platform...

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Digital disruption affects insurers of all sizes, not just industry giants. But as small-to mid-sized insurers try to keep up with the technology required to address changing business requirements, many are blinded by the fast pace of technology itself, and few have the time, money, or capabilities to build or customize their own systems, much less maintain them. Read the full article here....

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insurtech-word-illustration

The cycle of doing more with less is starting to catch up with the insurance industry. This year, 25 percent of insurance professionals are expected to retire, notes David Coons, SVP of the Jacobson Group. Further, by 2020 the industry will need to fill approximately 400,000 positions to remain fully staffed. Meanwhile 40 percent of demand for managerial and technical talent will be met by...

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ATLANTA, Feb. 13, 2018 (GLOBE NEWSWIRE) -- Izenda, a provider of a business intelligence (BI) and analytics platform purpose-built for embedding, today announced the integration of its self-service BI platform with CHSI Connections® award-winning insurance management software from CHSI Technologies.   CHSI Connections® is an enterprise-class insurance software suite that helps small property and casualty and commercial workers’ compensation carriers, municipal risk pools, captives and self-insured groups...

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Connections’ portals help deliver value to MACo‘s individual members, drive efficiencies throughout organization. Risk-sharing pools have surpassed commercial insurance for public entities- cities, counties, schools, and others, notes the Association of Governmental Risk Pools, because they demonstrate effective government collaboration, and the collaborative work undertaken by pool members reduces all members' risks and associated costs. Read the full case study here: case-study-maco(1) ...

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Play by the digital rules, or you die. Not just one time, but again and again.” Against this digital and cultural call to action, the insurance industry faces a couple of huge hurdles: risk aversion and a culture that is also very averse to change. Read more about managing your digital transformation here. https://www.dig-in.com/opinion/managing-the-cultural-challenges-of-digital-transformation...

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CHSI Technologies, Inc., a provider of enterprise-class insurance software, continues to service public self-insured groups, and is pleased to add Maine School Management Association (MSMA) to its roster of satisfied clients. MSMA, a state-wide non-profit federation that administers various insurance programs to the state’s school systems, successfully launched the policy and underwriting module of CHSI Connections® core systems software suite, using the software specifically to securely...

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RMIS-Report-CHSI

This week saw the release of the highly anticipated 2018 RMIS Report, the industry’s most comprehensive 3rd party independent report on Risk Management Information Systems and claims technologies.  Among the field of participating insurance technology companies and their products, CHSI Technologies’ Connections® has been recognized as a top-rated, stand-alone risk management information system (RMIS).  This is CHSI Technologies’ first year of participation in the annual...

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Generating-Value-Customer-Portals-CHSI

Insurance-specific software packages that include portals improve agent and broker productivity, ease data collection and analysis, and sustain data security. All of this occurs behind the scenes. In a best case scenario, brokers or policyholders can experience swift responses to their quote applications, concerns, and/or claims. Ultimately, the value of a software package depends on the quality of information supplied by its users. This is why...

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InsurTech-Benefits-CHSI

InsurTech might not receive the same level of publicity as biotech or fintech, but that doesn't mean the insurance industry isn't adapting to technological change or embracing younger employees. As Baby Boomers retire, their positions need to be filled with talented young people who are committed to the insurance industry. This is especially true for small to mid-size insurance firms seeking to remain competitive by...

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