Global Insurance Broker hires SBS to automate its Captive Insurance Programs
Specialized Business Software wins approval to develop a web browser based custom insurance software application to provide automation and self-service capabilities for Captive Insurance Programs for Hospital Systems Risk Retention Groups. This web based software system automates the captive management for multiple RRGs each with multiple hospitals and thousands of medical providers. Secure, online physician access with built-in controls allow the risk managers of the risk retention groups to easily manage the medical malpractice insurance of thousands of providers. This system included functionality for premium rating, binding, billing, actuarial reporting, and automated renewals plus real-time processing of insurance coverage.