Talisman Casualty Insurance Company is using new technology to offer tailored claims management for all its insureds protected captive cell insurance needs. Talisman Casualty is a US-protected cell captive insurance company domiciled in Nevada. It helps businesses operating in industries it says have been ignored by traditional insurance, mitigating risk by entering as a captive cell. Its new technology uses different claims management service providers to enable efficient claim processing for each of its cell programmes. Talisman Casualty uses proprietary claims software that can be integrated into a cell captive programme. It cites its key advantage as implementing claim processes without the hefty cost associated with licensed software with large commercial insurers as the target users. Commenting on the company’s technical advances, a spokesperson for Talisman Casualty Insurance Company, says: “Our claims management technology allows us to give immediate feedback on the overall impact of claims. This dramatically reduces the time needed to make adjustments due to the simple aggregation of data within a cell captive.” They add “This means faster turnaround times for blocking issues that are impeding normal business operations. Since claims account for the majority of a captive’s expenses, our best practice claims management helps our captives distinguish themselves from most traditional insurers.”
