CastleBay Consulting introduces New Education Program - Insurance FastStart; Insurance FastStart geared for insurance company and vendor professionals new to insurance.AUSTIN, Texas -- CastleBay Consulting Corporation, a consulting services Noun 1. consulting service - service provided by a professional advisor (e.g., a lawyer or doctor or CPA etc.) service - work done by one person or group that benefits another; "budget separately for goods and services" firm specializing in providing high impact consulting services to the Property & Casualty insurance market, today announced the introduction of their Insurance FastStart education program. Designed specifically for insurance company and industry vendor professionals new to insurance, CastleBay's Insurance FastStart provides education on the critical insurance concepts that every industry professional requires to establish a good foundation of knowledge to effectively build a core competency A core competency is something that a firm can do well and that meets the following three conditions specified by Hamel and Prahalad (1990):
Insurance FastStart has proven attractive to individuals unfamiliar with the insurance industry as well as companies looking to the insurance market as a new opportunity for their products and services. Both groups have often found the industry difficult to navigate (1) "Surfing the Web." To move from page to page on the Web. (2) To move through the menu structure in a software application. given the nuances of insurance, the unique 'insurance speak', and the complexity of the insurance process. Several insurer An individual or company who, through a contractual agreement, undertakes to compensate specified losses, liability, or damages incurred by another individual. An insurer is frequently an insurance company and is also known as an underwriter. and vendor companies have already taken advantage of the new education program with the FastStart program consistently receiving high marks. John Raguin, president of software provider Guidewire states, "We provide the Insurance FastStart training to all our new sales, marketing and implementation team members as an effective way of ensuring a common base level of insurance literacy. The program is a great success and helps us better understand our prospects and customers." "In our years of experience working with both insurance companies and vendors in the insurance segment, we've seen firsthand first·hand adj. Received from the original source: firsthand information. first the difficulty those new to insurance have getting their arms around the complexity of our industry," commented George Grieve grieve v. grieved, griev·ing, grieves v.tr. 1. To cause to be sorrowful; distress: It grieves me to see you in such pain. 2. , president and founder of CastleBay Consulting. Grieve continued, "Many of our clients have requested this introductory level of education in order to help their staff quickly gain familiarity and a basic understanding upon which to build. It's been so popular with our clients, that we have opted to formally introduce the Insurance FastStart program as a standalone stand·a·lone adj. Self-contained and usually independently operating: a standalone computer terminal. service." About Insurance FastStart Insurance FastStart is a two-day program that includes both lecture and hands-on exercises to reinforce the learning process. Insurer case studies are used as a vehicle to learn the core concepts and help the attendees to further analyze the insurance process and operation. Upon completion of the program individuals will have a solid working knowledge of insurance and related concepts, including: --profitability, distribution models, general business organization & objectives of an insurance company --operational model of an insurance carrier and the major functions of its constituent CONSTITUENT. He who gives authority to another to act for him. 1 Bouv. Inst. n. 893. 2. The constituent is bound with whatever his attorney does by virtue of his authority. departments including actuarial ac·tu·ar·y n. pl. ac·tu·ar·ies A statistician who computes insurance risks and premiums. [Latin , underwriting Underwriting 1. The process by which investment bankers raise investment capital from investors on behalf of corporations and governments that are issuing securities (both equity and debt). 2. The process of issuing insurance policies. , customer service, marketing and claims --the history, regulatory environment and general state of the P&C industry and market place --current trends that are active in the market Custom and expanded FastStart programs are also available for those individuals and companies with specific requirements. For additional information on CastleBay's Insurance FastStart please contact CastleBay Consulting at 512.329.2619 or email george.grieve@castlebayconsulting.com. About CastleBay Consulting Corp. Austin, Texas based CastleBay Consulting was founded in 1998 to provide high impact consulting services to the Property & Casualty insurance market. Services include strategic systems planning and acquisition; quality management; program and project set up, management and assessment; business process and requirements analysis (project) requirements analysis - The process of reviewing a business's processes to determine the business needs and functional requirements that a system must meet. ; and related software implementation services. On average, CastleBay's consultants have more than 25 years of insurance industry experience. To learn more about CastleBay Consulting's services, call 512.329.2619 or visit the website at www.castlebayconsulting.com. |
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