Las Vegas, Nevada-based Talisman Casualty Insurance would like to reach out to local companies that may be in search of an insurer that provides protected cell captive insurance. The company services the specialty insurance sector by offering protected cells to underwriters with seasoned books of business. This includes businesses in need of a way to transfer risk and direct access to capacity through reinsurance and alternative risk finance markets. All of the company’s insurance coverage is commercial in nature, available only to businesses that participate in an underwriting cell.
The company offers tailored claims management. Talisman Casualty Insurance has worked with a number of different claims management service providers to offer the most efficient claims processing for each and every one of their cell programs. Only firms with a great deal of experience with managing claims are given delegated claims authority through Talisman claims. The company uses local adjusters who meet very strict criteria in terms of ethics and competency in order to give participants the best claims experience.
“Claims Management of Captive Cells relies on the state of the art claims technology, giving immediate feedback of the overall impact of claims. The time needed to make adjustments can be decreased due to the simple aggregation of data within a cell captive,” says Talisman Casualty Insurance. “As claims account for the majority of a captive’s expenses, having the best practice claims management is one area where captives can distinguish themselves from most traditional insurers.”
Talisman Casualty understands that insurance is an old and complex business that is always evolving and growing in many ways. Insurance is still based on some of the old fundamental concepts on which it was first built; however, modern insureds are interested in playing a bigger role in the design of their insurance policy and how risk is managed. Protected cell captive insurance companies like Talisman are the solution for companies looking to tap into or extend their reach within restricted markets.
Talisman provides all the infrastructure necessary for businesses to take advantage of the protected cell insurance model. The process may be challenging and similar to the licensing process of a normal commercial insurer, but Talisman Casualty Insurance offers a number of cost-saving benefits. For example, insureds gain direct access to international reinsurance markets and the ability to negotiate pricing.
“By establishing unique underwriting cells the risk can be segregated, collateralized, and ceded, all within a legally ring-fenced structure,” the insurance company says. “Many experts believe that half of the property and casualty insurance premium in the United States has captive insurance company involvement. Most S&P 500 companies utilize captive insurance, but the use is becoming much broader since insurance agencies, associations, and smaller companies are partnering with existing captives.”
The Nevada insurance company puts a great deal of emphasis on customer service. In addition to offering great insurance options to its clients, the insurance company provides trustworthy service that one can always count on. By connecting with insureds, Talisman builds a more thorough understanding of each business they work with. This allows Talisman to understand when and why a particular client might want to take more risk and when they might want to be conservative. Great service involves providing business resources and analytics to insureds, which allows them to understand and manage risk from a more intelligent and informed position.
Talisman Casualty Insurance also has a lot to offer smaller businesses in Nevada. The insurance company’s general liability program is designed with the needs of small businesses in mind. “So many people are working both full and part-time in organizational structures that only include themselves or a handful of people,” says the insurance provider. “More and more people are working from home and looking to reduce the burden of starting and maintaining a small business. The small business GL protected cell has the design flexibility to look at emerging small business markets such as pet sitters, and pet-related services. By combining risk expertise, unique claims management, and a high degree of insured interaction with underwriters and claims personnel.”
Find out more about Talisman casualty reinsurance online through their official website and other resources. They can also be found on multiple social media platforms.
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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
Talisman Casualty Insurance Company
7881 W. Charleston Blvd, Suite 210 Las Vegas, NV 89117
