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Showing posts from March, 2019

Simson’s SAIBAOnline Solution with Advanced Technology - A Comprehensive Insurance Brokers Software in India

In today’s rapidly evolving market, the increasing demands of clients require innovative solutions. Insurance brokers software in India has been developed as a game changer to address these needs effectively. This advanced software simplifies complex tasks, streamlining operations for brokers. It not only enhances productivity but also focuses on building and maintaining strong, lasting relationships with clients. With its user-friendly interface and comprehensive features, this software is designed to empower insurance brokers and help them stay ahead in a competitive industry. One of the key advantages of software for insurance brokers in India is its ability to centralize and simplify processes. Managing policies, claims, renewals, and regulatory requirements can be daunting without a structured system. Advanced software solutions provide a unified platform that allows brokers to oversee every aspect of their operations seamlessly. From tracking client portfolios to automating remi...

UK Seeks at Keeping Reinsurance Market Competitive with the Usage of New ILS Rules

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Reinsurance is a global line of work of reinsuring insurance policies using various reinsurance broking management solutions such that the direct insurers oversee their risks and also limit their liabilities. Also, it is often seen that the reinsurers usually use reinsurance softwares to manage their own policy risks or to acquire or generate profit by insuring the reinsured policies. This phenomenon is termed as retrocession. In certain geographies, risks can be minimized by proliferating coverage across a wide market. With the commencement of new integrated ILS(Insurance Linked Security) rules, UK has now been pursuing to keep the reinsurance market quite competitive hence, seeking to outrage the others in the world. UK has always tried to be at the forefront of the global reinsurance markets; gratified by the new tax regimes for Insurance Linked Securities. The government believes that the investment income is more likely to rise as the scope of its economy has become quite c...