Talisman Casualty Insurance Is Offering Tailored Claims Management Services

October 06, 2021 at 16:19

The Talisman Casualty Insurance Company, a protected cell captive insurance company domiciled in Nevada, is offering tailored claims management services to insureds.

Captive insurance is an often sought-after alternative to self-insurance. It is an alternative form of risk management that is gaining popularity because it allows companies to protect themselves while giving them greater control over how they are insured. Companies turn to captive insurance when traditional commercial insurance pricing is too volatile for its preferences and does not meet the company’s specific needs for risk mitigation. Creating a captive gives companies the ability to evaluate the risks of subsidiaries, write policies, set premiums, and ultimately either return unused funds in the form of profits or invest them for future claim payouts. Premiums paid to the captive insurer also allow the company to write off expenses to save income taxes.

Captive insurance can be structured into three main categories: single-parent captives, group captives, and core cell captives, the latter of which is the business model that enables Talisman Casualty Insurance to offer protected cells to underwriters who have seasoned books of business and need a regulated vehicle to transfer risk and direct access to capacity through reinsurance and alternative risk finance markets.

Talisman Casualty Insurance attributes its seamless and client-friendly claims management service to its use of a number of different claims management service providers to enable efficient claim processing for each of its cell programs. The company can act as a delegated claims authority, which enables them to act in an underwriting capacity or claims handling capacity. The distinction of being a delegated claims authority is only given to firms, such as Talisman Casualty Insurance, who have extensive claims management experience, know the local markets where claims are made and operate with the highest degree of ethics and integrity.

Talisman Casualty Insurance uses local adjusters who meet high ethical and competent criteria to give participants the best claims experience. The company’s proprietary claims software can be integrated into a cell captive program without the hefty cost associated with licensed software with large commercial insurers as the target users.

A spokesperson for the company talks about its claims management services by saying, “We rely on state of the art technology that gives immediate feedback of the overall impact of claims. This instantaneous response decreases the time needed to make adjustments due to the simple aggregation of data within a cell captive. The efficiencies that our technology can bring to the claims process can be streamlined within the cell giving participants a high level of service. In our experience, claims account for the majority of a captive’s expenses. That is why the best-practice claims management technology that we bring to the table enables captives to distinguish themselves from most traditional insurers. Insureds can simply file a claim in the manner in which their policy states. If they have any troubles, they can always give us a call and we can answer all of their questions regarding the handling of Talisman claims. You cannot go wrong with our technology-driven services and we would love to have you on board. Contact us at the phone number 800-318-5317, using the email address info@talismancasualty.com or using the contact form on our website. You can also head over to our website to find a broker in your area and reach out to them to get a personalized consultation to solve all of your insurance needs.”

Talisman insurance policies and bonds are duly licensed, regulated, and authorized insurance transactions governed by the laws of the state of Nevada department of insurance. Bonds and insurance policies are made available to principals who join the captive as participants by executing a participation agreement and becoming a shareholder. All Talisman capital, surplus, reserves, and financial records are maintained per the provisions and regulations of NRS Chapter 694 C (Captive Insurers). All coverage provided by Talisman is commercial and is only available to those businesses who participate in an underwriting cell.

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For more information about Talisman Casualty Insurance Company, contact the company here:

Talisman Casualty Insurance Company
800-318-5317
info@talismancasualty.com
7881 W. Charleston Blvd, Suite 210 Las Vegas, NV 89117

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