Are you ready for the biggest annual gathering of workers’ compensation leaders in the country? National Comp 2023 is just around the corner, and it’s shaping up to be the most exciting event in the field yet. From September 20 to 22, 2023, the Mandalay Bay in Las Vegas, NV, will host the nation’s premierRead more
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SaaS (also known as ‘Software as a Service‘) is software accessed through the internet. This means there are no installations involved, full scalability, 24-hour support, and no need for any disk space or top-notch computers. Software as a Service is typically accessed for a monthly or yearly fee. It’s called Software as a Service because thereRead more
There are a lot of essential aspects of insurance, but few are as important as time. Time determines many things in a claim, even its price. Behind every claim, there’s a person or a business expecting a prompt resolution. For example, what happens when the claim involves a worker who needs physical therapy? In thisRead more
Many businesses turn to third-party administrators (TPAs) streamline insurance operations. Hiring TPAs is a way to outsource claim processing for more effective results, saving time and money on insurance operations. Let us discuss how TPA’s enhances insurance operations – but first things first, what does a TPA do? What is a TPA? There is no one-size-fits-all TPA for every business, so it is important to understand why a company needs a third-party administrator. TPA’s process insurance claims and employee benefit plans on behalf of another organization. Third Party Administrators take partRead more
Do not trip into a pile of claims this Fall! Make sure you are aware of these seven common insurance claims that we see an increase in during the upcoming months. Along with the falling leaves and dropping temperatures, Autumn brings new types of hazards and personal Insurance Claims. Here you have the most common claims that take place during Fall so you can be alert and prevent them from happening. WhatRead more
Insurance should be a critical component when Natural Disaster affects daily life and American’s business. Specially in this year where extreme weather went from surprising snowfalls, floods, and dust clouds followed one another as the seasons changed. Over the last several decades, many severe disasters have exposed Insurance needs to face natural disasters in changing markets. These catastrophes are changing the rules of the insurance game on aRead more
Are you considering moving your time-consuming manual claims process to an automated system? If so, you need to choose the right solution that directly addresses your specific claims goals. Switching to software, that helps your company save time and money, will depend on a series of factors. However, sometimes users are not familiar with ITRead more
A concept that has been gaining traction in the last 3 years is Customer Satisfaction when talking about websites, software and procedures across the board that involve a client performing an action in a platform. Customers want a product that is easy to use. If a product or product integration is not streamlined enough, customers will not be satisfied with theRead more
What is improvements and betterments insurance? “Improvements and Betterments refers to upgrades done by a business owner to a property that is rented from a landlord. According to IRMI, the International Risk Management Insitute improvements and betterments are “permanent additions or changes made to a building by a lessee at his or her own expense that may not legally be removed.” These improvements andRead more
There is a part of the insurance industry, Insuretech, that contrary to the industry as a whole firmly says, “We embrace change.” Both In their own internal channels –blogs, websites, forums- and in their external actions. While a traditional broker may still be on the phone, Insurance technologists are ready to give fresh solutions a go. This adaptability is making insurance policies easier to manage. The reality, especially after COVID– 19 is that Insuretech has provided solutions that were not expected to surface for years to come. Although theseRead more
