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CHSI Technologies Tag

Peer-to-peer networking, technology and industry updates highlight user group event.   Whoever said that insurers are still in the dark ages when it comes to technology, or that they don’t know how to have fun obviously didn’t attend CHSI’s User Workshop!  More than 40 of CHSI’s customers gathered with their peers and with CHSI key personnel in Las Vegas last month for a three-day educational and networking...

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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 reasons. You may be concerned about security issues or you...

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Small and mid-size insurance firms have to stay within budget while maintaining employee satisfaction. High employee turn-over and overworked staff leave negative impacts on your company's bottom line. Cloud-computing is a way to increase the productivity of the workers you have without wearing them down. It also helps attract and keep younger talent. Read on for more detail about how cloud computing benefits employees and...

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NRRA meeting highlights keys to long-term success for liability insurance programs.   Regulators from eight states came out in support of the National Risk Retention Association conference in Chicago October 3-5, sharing their insights on risk retention group applications in their jurisdictions.  NRRA Executive Director Joe Deems laid down the baseline in his remarks to conference attendees when he called for “purpose driven risk retention groups” as...

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Despite the fact that SaaS (Software as a Service) solutions are helping small businesses compete across an ever-growing horizon, some small businesses are still reluctant to let go of the old, traditional software systems of the past. Some may be hesitant to entrust their valuable data to a third-party provider, while others may just be resistant to change. Regardless of the underlying reasons, smaller businesses including...

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In the ever-changing world of technology, smaller insurance companies may be finding themselves struggling to stay abreast of the most current trends of their businesses while ensuring compliance with state and federal regulations. Relying upon traditional in-house software can be problematic for companies looking to grow their businesses. Small insurance companies including captives are often faced with software needs that go beyond traditional captive insurance technology...

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Software-as-a-Service (SaaS) is taking the smaller insurance industry by storm and with good reason. Small to medium-sized insurance companies do not have the capital resources that their larger counterparts have which, in the past, significantly limited their ability to compete. The advent of SaaS has dramatically leveled the playing field for smaller insurance companies by making insurance company software available through cloud technology, effectively eliminating the...

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Captive insurance programs are a great way for companies to manage and mitigate risk while protecting cash flows and expense outlays. Similar to public entity pools where insurance programs are administered specifically for the group being covered, captive insurance companies are actually owned by the entity or entities for which coverage is provided. In order for a captive to be profitable, and for the safety of...

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At the heart of every successful small insurance company is a claims processing department that operates efficiently and accurately to protect the company's assets to the greatest degree possible while delivering the products and services necessary to meet the needs of its customers. Studies show that the costs involved with claims processing often comprise as much as 80% of companies' operational costs. Therefore, it makes sense...

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