Manage Center How Important Are Insurance Carrier Ratings and Insurance Tracking Solution Software?

What is an insurance policy? It is a promise or an assurance to pay in case of a covered damage or loss. The insurance carrier promises to cover the loss and pay during a financial disaster. Although, the commercial insurance has turned out to be quite complex and expensive, yet a good coverage can be your only security against the monetary catastrophe during a serious claim. Have you ever thought how would your condition be if the insurance company fails to keep the promise during the time of your need? This is where the insurance tracking solution software comes forward.It is not an easy task to predict which insurance carrier is the best and safe, out of numerous options available. But, the ratings provided by various agencies can be of great help to select the most trusted one in the crowd. The carrier goes through rigorous evaluation procedures comprising reviewing business plans, reinsurance, financial statements, interest rates, regulations, credit, funding criteria, and actual reporting for being rated. Such severe analysis helps in measuring the real capabilities of solvency by the carriers.


The ratings are given using noble benchmarks between grades A to F. The insurance firms possessing grades A++ or A+ are considered to be the superior ones within the entire industry. The excellent ones are rated A or A- and the good ones are rated B++ or B+. The insurance companies’ ratings between A and B are considered financially secure companies and the carrier rating C are said to be on the marginal line. Each Insurance Carrier has North American Industry Classification System (NAICS) codes to identify the specific rating. It helps to classify each carrier within the industry to collect, analyze, and publish the statistical data.Insurance Carrier Thresholds & Why it mattersYou must be wondering what an insurance carrier threshold is. It is nothing but a tested way to reduce the risk. Often it becomes difficult for a company to go through the financial records and ratings on a regular basis. In such cases, even if the ratings of their trusted and functional insurance concern go down, the establishments remain unaware. This calls for a risk of the broken promise from the chosen insurance company’s end.In order to avert any such risk, the private entities and public organizations create a threshold for the insurance organizations. They choose to have the rating certificate of the insurance holders. The threshold mentions that the insurance firm must be no less than a C+ rating. This serves as risk reduction if for any reason that specific insurance carrier goes below the threshold.The certified insurance software helps to update the carrier ratings on a quarterly basis. So, in case of such a situation where the insurance firm fails to maintain the threshold assigned by the company, the administrator of the designated software receives a notice that the insurer would have to switch to an insurance carrier that would meet their compliance standards set by the insurers for the company.Only the financially strong insurance companies can probably respect the insurance agreement and reimburse the claims as pledged. In the case of inability to pay the claims, it puts your business in danger of bearing the entire bill for the significant damages from court proceedings. Selecting a superior insurance company can take care of your organization’s insurance agreement for a long-term apart from assuring security and peace of mind.


Automate your Risk ReductionIn order to systematically reduce the risk, the insurance software has no comparisons. Such software is built in order to help the larger organizations do less paper work and documentation and assist their customers in different ways. Alongside monitoring Insurance Carrier Rating hands-free, insurance software also tracks all of the Certificates of Insurance to make sure the Certificate is up-to-date, the policy amount is correct, and documentation is where it needs to be. In addition to these elements, if aspects of the documents are not on par with your organization’s requirements, the insurance software dashboard allows for complete customization and automates reminders for your vendors.Overall, the certified insurance software effortlessly manages every project and sync with the interface of the trusted 3rd party agency, helping you to judge the right insurance carrier for your company.

Top VR Games for Your Android Phone

VR or virtual reality is the new innovation by the tech world that has become an integral part of almost all sorts of games online. Virtual reality is a three dimensional environment that would render live and interactive experience to the gamer. There games are being designed to enhance the quality of the games and to give an awesome gaming experience to the gamer. The more innovative and user-friendly versions of these VR games are coming up in these days that are compatible enough even on smart phones.

Latest VR games would allow you to play the game on multiple devices with a single gamer name. You can play while commuting also by using your android phones. The latest versions of VR games are designed in such a way that they would render the same experience as a pc, laptop or a play station. Now as we know what is a VR game is all about let’s look at few latest VR games designed for android phones,

• Mekorama VR – A puzzle game where you have to guide a small robot through various levels. At the beginning it’s quite simple because there will be few stones to be moved but the difficulty increases from one level to the next. In this game you use the controller to move the stones and show the robot the way to move up.

• Hunters Gate: A game for action lovers – You will become a savior of the world when the world has been attacked by demons and you have to keep them back. This is a fun-filled and graphically impressive game. This is a famous rolling game whose elements make you stronger over time and will teach you new skills. For playing this game you must use daydream controllers, and these controllers help you in keeping track of what’s happening from above, which reduces your too much interaction with the virtual movement.

• Need for Speed: A VR game for admirers of speed, the game enhances the sensation of speed by Virtual Reality and is probably the best racing game for Daydream-capable smart phones. An exciting ride is guaranteed because of its impeccable graphics and breakneck-pace. Besides that the choice of customization and car tuning made this game more enchanting and exciting.

• Gun jack 2: End of Shift – A game where you will be sitting on cannon on our solar system and fend off the attackers who are desperate to steal the minerals from our planet. You will be having immense arsenal weapons and can control everything with your gaze.