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insurance management software Tag

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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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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Captive management is a multi-faceted endeavor with two basic objectives: to manage risk and preserve assets for the insured. One of the primary aspects of captive management is the matter of underwriting. Regardless of premium rate structures and other aspects of captive management, the functionality of the underwriting system can make or break the captive. Before spending thousands of dollars on insurance software, including insurance policy...

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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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Henderson, NV—August 28, 2018 - CHSI Technologies, Inc., a provider of enterprise-class insurance software, is pleased to announce that Continental Heritage Insurance Company, a specialty insurer for emerging markets based in Cleveland, Ohio, has chosen CHSI’s Connections® insurance management software to facilitate success in its launch of a Cannabis Liability product for the marijuana-related businesses. Continental Heritage, which provides specialty surety bonds across the alternative energy,...

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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 better compete with their larger peers. SaaS is available on many...

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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 across multiple factors and provide deep data analysis that positively...

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Public entities, such as state agencies, municipalities and school districts, share a common bond in that their revenue comes from public funds or taxpayer dollars. In order to effectively manage risk with public funds, many public entities are forming public entity risk pools with immense success. For public entities considering joining or forming a risk pool, below are eight facts that may help to answer...

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In an ever-changing economic environment, businesses are looking for new and innovative ways to effectively manage capital and assets. Some companies are seeking alternatives to traditional insurance coverages through the use of a captive insurance company.   What is Captive Insurance? Basically, a captive insurer is an insurance company that is completely controlled and owned by its insured. However simplistic as this may sound, the scope and administration...

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