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Mitigating the Risk Factors of the Insurance RealmBy CIOAdvisor Apac | Friday, January 18, 2019
The insurance field has undergone massive changes due to the advanced innovations in technology. People might have seen the wide variety of insurance plans and innovative services prevailing all around. Blockchain technology and IoT have played a beneficial role in the insurance sector. Using blockchain in the insurance field, a customer can upload the documents once in any insurance company portal. If any other insurance company needs those details again, they can take it from the previous insurance portal just by getting confirmation from the respective individual. It reduces the time required to upload the same details once again.
AmeriTrust Group is one such insurance companies that act as the commercial insurance underwriter and offers insurance administration services. The company offers admitted programs that include insurance coverage for food services, physicians, and workers compensation insurance. While involved in the design and construction of a company’s portfolio, businesses should keep an eye on risk management. According to the recent announcement, AmeriTrust has promoted Paul Johnson as Chief Risk Officer (CRO). He will monitor the organization’s workflow and manage strategic decisions as required.
AmeriTrust’s president and chief executive officer Kenn R. Allen states, “As Chief Risk Officer, Paul will provide the leadership necessary to implement our risk management framework in every aspect of our insurance business.” Johnson had worked in the company for 30 years with 24 years of service particularly in overlooking insurance and risk management cases. He has played the role of senior vice president of enterprise risk management. Recently, the company has acquired an insurance agency in Florida.
AmeriTrust plays a prominent role in helping independent companies to provide the best insurance solutions including affinity groups, government entities, trade, and professional groups. Also, AmeriTrust works with the U.S. based insurance holding company named Fosun International Limited.
With roots in China, technology and innovation help Fosun to provide insurance services and health policies for its customers. AmeriTrust has been evolving in the right path to make people avail valuable insurance policies. Technology has also eased up the process of availing insurance policies through trustable sources like AmeriTrust.