Property/Casualty

The Property/Casualty market segment consists of several types of insurers ranging from household names to new insurers who are introducting disruptive models to the market.

Carrier groups, mutual insurance companies, online insurace providers and MGAs sell coverges through multiple channels for:

• Commercial Lines - these insurers typically provide coverage for commercial auto, general liability for businesses
• Personal Lines - insurance the most people are familiar with; home, auto, and umbrella coverages
• Speciality Lines - insurers who provide uniquie, specialized or higher risk coverges such as environmental policies

Workers' Compensation

Workers’ Compensation is a large market that consists of insurers who provide workers' comp policies as well as organizations that choose to self-insure themselves for workers' comp. With the continued changes in heathcare, compliance and new types of jobs, both insurers and self-insured organizations continue to investing in technology and services such as:

• Core Systems - claims, policy administration and billing systems
• Business intelligence - data analytics, predictive analytics and reporting capabilities
• Self-Service Portals - for employees, members, policyholders, brokers, and TPAs

Self-Insured

In North America, there are over 7,500 self-insured companies that span across multiple verticals. This accounts for 30% of the insurance market, and it continues to grow with the addition of new Risk Retention Groups and Captive companies. We have experience working across all areas of the self-insured market including:

• Captives – currently 40% of major U.S. corporations and many multinational companies own their own captive insurance company
• Risk Pools – typically public organizations such as K-12 school systems, higher education, cities, towns, and counties
• Self-Insured – companies that range in size from F500 multi-billion corporations to small organizations with under 50 employees. Self-insured companies are found in multiple vertical industries.