Insurance software
Funding a Cannabis Captive? Consider Your Technology Footprint Carefully
It’s difficult to predict how the captive industry marketplace will evolve in 2019 and beyond, because data from regional jurisdictions on individual cells, series and risk-bearing entities is not consistent. However, the impetus for creating a captive remains the same: under the right circumstances, there are a host of benefits to a new formation, making…
Cybersecurity’s 3-Million-Person Workforce Shortage is Now a Risk Management Problem
Worldwide, the cybersecurity workforce shortage is about 3 million, according to the annual (ISC)2 Cybersecurity Workforce Study – produced by the organization that brought us the CISSP certification. The cybersecurity workforce needs and wants you! Good news for many of us – but from an employer or strategic workforce planning perspective, this is problematic. There’s now a…
What is Required to Support a Cloud Service?
One of the newest buzzwords in business technology is changing the landscape of how small to mid-size insurance companies are operating and that buzzword is the “cloud”. Cloud computing has already begun to have a tremendous impact on how these companies do business, but a lot of confusion still exists as to what the cloud…
Five Major Benefits of Cloud Computing
Software packages can often scale too large for small-to-mid-size insurance firms or they may contain options that aren’t applicable. Cloud-based software for insurance companies offers secure, scalable and industry-specific solutions. Here are five benefits that cloud-based software packages can offer your firm: Faster Revenue Growth Recent data from Dell indicates that companies using cloud-based software…
NGU Risk Management Chooses CHSI Technologies’ Connections®
The insurance program administrator will use CHSI’s Connections to manage customer data, its member portal and schedules. Henderson, NV – October 25, 2018 – CHSI Technologies, Inc., a provider of enterprise-class insurance software, is pleased to announce that NGU Risk Management, Hendersonville, TN, has chosen CHSI’s Connections® cloud-based core systems insurance management software. …
SaaS For Small Business: How it Saves Valuable Time and Money
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…
Why CHSI Is a Leader in Insurance SaaS Enterprise Security
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…
Safety Audit Tips For Captive Insurance
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…
Improving Adjuster Efficiency and Accuracy
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…
Hot Topic Issue: What is The Tax Shelter Captive?
When the federal government adopted The Tax Shelter Captive IRC 831(b), captive insurers were provided the opportunity to deduct premiums from their tax bill. The benefits are obvious. Unfortunately, those benefits led to an abuse of the system. Some captive insurance groups are merely tax shelters that offer little to no risk coverage. How do…
