As a result, we’ve entered a cycle of intense competition. Due to the economy, decisions are largely driven by cost and shrinking budgets. The pooling industry can’t keep doing things the same way we’ve always done them. We need to operate smarter and with a greater understanding of the value we provide.
Las Vegas, NV (Vocus) September 3, 2010
For years, public risk pools have struggled to keep track of member information, such as contacts, program enrollment, and other coverage details, including employee payroll, property, and vehicle information. Each year around renewals, pool administrators coordinated the arduous task of updating member information to assess premiums and secure excess coverage.
“The number of risk pools has grown significantly,” said Scott Schimke, ARM, and Executive Director at Golden State Risk Management Authority (GSRMA). “As a result, we’ve entered a cycle of intense competition. Due to the economy, decisions are largely driven by cost and shrinking budgets. The pooling industry can’t keep doing things the same way we’ve always done them. We need to operate smarter and with a greater understanding of the value we provide.”
Learn more about how GSRMA implemented CHSI Connections Management System, as its comprehensive pool administration solution to meet its member, data, and business needs. Read full case study here.
Golden State Risk Management Authority (GSRMA) is a risk-sharing insurance pool that offers a full line of programs to cover the many unique exposures of public entities throughout the State of California. GSRMA is well-funded and structured to offer extremely competitive products to individual public agencies. Current membership in excess of 190 agencies covers a broad spectrum of public agencies including, but not limited to, cemetery districts, special districts (water, sewer, and lighting), fire districts, school districts, counties and cities. GSRMA has been “Accredited with Excellence” through the California Association of Joint Powers Authorities since 1992. Visit the website at http://www.gsrma.org.
About CHSI Technologies:
CHSI Technologies offers a suite of software solutions designed to diminish the time and effort involved in policy administration for the alternative risk insurance industry. The technology integrates dissimilar systems so that access to information is available on a real-time basis. The web-based solutions provide complete policy administration that links claims information and financial data for critical risk management decisions. CHSI Technologies is headquartered in Las Vegas, Nevada. Contact Cindy Welch at 866-930-9742, or visit http://www.chsitechnologies.com.