selfinsurancemarket.com Relaunches Platform for Sourcing Self-Insurance

NEW YORK, Sept. 24, 2018 /PRNewswire/ -- selfinsurancemarket.com ('SIM') has relaunched its global search facility and business inquiry platform to assist the promotion and placement of self-insurance programs.

Creating a self-insurance program in today's world normally requires the support of several service providers. Navigating the workflows and regulatory processes for self-insurance is complex and it can be a challenge to engage the appropriate resources and setup the most cost-effective structure.

The platform's new sleek design and features, created by their tehnology partner iXledger, include dedicated customer journeys that make the sourcing of self-insurance solutions and partnerships effortless for both insureds and industry professionals.

In addition, the platform's new initial risk transfer inquiry service allows brokers and third party administrators ('TPAs') to source stop loss providers efficiently, by providing initial information to which insurers and managing general underwriters can review and respond. The service is designed to avoid the need for brokers and TPA's sending detailed proposals to multiple carriers simultaneously, thereby increasing the speed of response times and decreasing costs.

Founder and Chief Executive Dominic Higham said, "We are aiming to be the leading global platform for sourcing self-insurance solutions and new professional partners. We are not looking to disrupt the market, instead selfinsurancemarket.com is designed to simply help companies create new partnerships with providers and to source self-insured solutions, as well as assisting established companies who are already self-insured. We see this service being especially relevant for new entrants to the market as the US self-insured market continues to grow."

To coincide with the relaunch, SIM is offering self-insurance service providers a free trial membership, details of which can be obtained from the company.

SOURCE SelfInsuranceMarket

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