Preparing and administering the recently passed state PFMLs is much like bringing home that second, third or fourth puppy—arriers and TPAs have a strong background and framework to build from, but each one has enough nuanced differences to create headaches.
Increases in the complexity of the leave landscape will drive more employers to look to insurance companies and TPAs to manage employee leave administration—creating an opportunity to provide additional value and deepen the relationship.
The insurance software provider’s partnership with Long Group Consultants aims to augment reporting requirements for workers’ compensation and property/casualty insurers.
The life insurance distributor has selected NILS INsource, NILS MCE to foster enhanced compliance capabilities.
The acquisition gives Insurity an advantage in pursuing the $40 billion program business market and enables P&C carriers and MGAs to rapidly grow through bureau content-enabled software.
Although it doesn’t absolve your managers of responsibility, outsourcing leave administration to insurers or TPAs is becoming increasingly common among employers.
The new feature simplifies and automates reporting Notes to Financial Statements NAIC filings.
The new model is based on a wide range of data that better reflect the drivers of loss, improving on simplistic assumptions of earlier models used within the industry.
Gateway, a licensed carrier across 47-states owned by Buckle, selects Sapiens integrated financial solutions to further streamline and automate insurance processes.
Insurers can allay their fears about investing in new technology by making compliance a priority, getting all stakeholders aligned around digital transformation, ensuring the technology scales, and working around the constraints of legacy back-end systems.
