How does Terra streamline operations with Cloud-Native Risk Management The world of risk management is rapidly evolving. Traditional, on-premise systems are becoming cumbersome and expensive to maintain. Terra’s cloud-native Risk Management Information System (RMIS) offers a powerful and user-friendly solution that eliminates these burdens for agents, brokers, third party administrators (TPAs), individual adjusters, and otherRead more
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While Terra is a comprehensive Risk Management Information Systems, it does provide different strengths for different jobs. In this case Brokers and Adjusters can take different things out of Terra. Depending on which part of the process your are assigned or your job, Terra will provide you with the tools you need. In thisRead more
The insurtech arena evolves rapidly alongside advancing technology. As we approach 2024, it becomes crucial to scrutinize the trends that are molding the future of insurtech. This article delves into the significant trends within the industry and provides key insights that will characterize the insurtech landscape. Some of the Changes that are coming to InsurTechRead more
What do we mean when we speak about “Digital Claims Management”? Insurance Claims Management is not a new practice. The first insurance policy was passed more than 100 years ago. What changes over time is the process of managing insurance. Particularly insurance claims need to be manage mindfully, knowing that whatever the claimant is claiming,Read more
The Insurance Claim Life Cycle step-by-step Claims management in insurance involves the systematic process of handling and resolving insurance claims made by policyholders. It is a critical function in the insurance industry, encompassing everything from the initial claim filing to the final settlement or denial. Claims management in the insurance industry plays a pivotal roleRead more
Two key figures often find themselves obscured by misconceptions – brokers and adjusters. The difference between brokers and adjusters are not obvious. While both are indispensable to the claims resolution process, confusion persists regarding their roles and responsibilities. In this article, we aim to demystify the definitions, debunk common myths, and shed light on the distinctiveRead more
Traditional approaches are giving way to innovative solutions, and at the heart of this evolution is the advent of cloud-native applications. In this blog we will go into how these applications are reshaping claims management, bringing scalability, efficiency, and flexibility to the forefront. What are the Main Benefits of Having a Cloud-Native App for ClaimsRead more
Technology has revolutionized the way insurance claims are processed, so the protection of sensitive data is paramount. In that regard, Claims Management, an intricate process that handles vast amounts of personal and financial information, has become a prime target for cyber threats. In this blog post, we will go deep into the critical importanceRead more
The Texas PRIMA Annual Conference & Expo is here, which with a stellar opportunity to enrich your knowledge about risk management and grow your professional network. Texas PRIMA is a state chapter of the National Public Risk Management Association with a clear mission: to advance risk management in governmental agencies, political subdivisions, school districts, andRead more
The protection of sensitive data is paramount. Claims management has become a prime target for cyber threats. In this blog post, we’ll explore the critical importance of cybersecurity in claims management and share strategies on how to effectively protect sensitive data. The Growing Threat to Sensitive Data As insurance companies and claims management organizationsRead more
