Insights and Strategies For the Insurance Industry

Learn how Loss Adjustment Expenses (LAE) impact insurers, especially during catastrophes, and discover how Bill Audit Pro controls these costs.

The 2024 Atlantic Hurricane season began early with Hurricane Beryl. Predictions for the 2024 Atlantic Hurricane season show that we could see as many as 25 named storms and 6 major hurricanes.

Hurricane Beryl made its third and final landfall as a Category 1 hurricane early on Monday July 8th, 2024, in Matagorda, Texas. The storm will now track north towards Canada and the Great Lakes.

The AI wave is taking the business world by storm, but these powerful new technologies both create and solve problems.

VIP Software drives P&C insurance innovation through strategic partnerships and tech solutions.

VIP Software is proud to announce the BAP Guidewire Accelerator, now available in the Guidewire marketplace. Let’s explore how tinsurance carriers can now get all of the benefits of using BAP right from within Guidewire ClaimCenter (GWCC).

No matter the industry, businesses need to have a sound strategy of best practices on how to attract, manage, and retain vendors that help drive the production and profitability of their company.

Howden Tiger Partners with VIP Software to Deliver Loss Cost - Benchmarking Data and SaaS enabled Compliance Applications

Low code/no code software optimizes the software development process, accelerating delivery. This allows for extensive solutions development.

As 2022 comes to an end, we’d like to extend our gratitude to all of our customers and partners. Thanks for a great year!

BAP streamlines claim expenses while providing Citizens with advanced analytics.

One of the most exciting applications of data for insurance carriers is how we can use it to impact procurement of services in the claims department.

The rising costs of insurtechs and third-party services, a lack of transparency with vendors, and insufficient industry data are making it difficult to determine best practices and pricing.

The difficulty of assessing claims leakage is that many of the systems for processing claims expenses are siloed.

Zeta is expected to strengthen into a hurricane later today before it hits the Yucatan. This storm is just among the many storms breaking records this year.

Section 624.424(11) of the Florida Statutes outlines detailed reporting requirements for insurers offering personal or commercial residential property insurance policies in the state of Florida. VIP Software, a will soon provide reporting relief on Florida OIR 624.424(11) data.