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Insurance software

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…

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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…

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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.  …

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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…

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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…

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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…

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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…

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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…

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Is a Captive Insurance Company a Good Strategy?

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…

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gig-economy

Insurance software solutions for the Gig economy

The global corporate landscape is changing and small to medium-sized insurance companies have excellent opportunities to capitalize on these changes. The buzzword fueling the change is known as the “Gig Economy” and it is taking the small business world by storm.   The Gig Economy consists of an ever-growing demographic of individuals who work as…

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