Talisman Casualty Insurance Company Offers Claims Management Services

The Talisman Casualty Insurance Company, based in Las Vegas, Nevada, is offering claim management services to local clientele. As a protected cell captive insurance company, they serve the specialty insurance sector. Learn more here: Who is Talisman Casualty Insurance.

The Talisman Casualty Insurance Company works by offering protected cells to underwriters who have seasoned books of business and need a regulated vehicle to transfer risk. As well as offering direct access to capacity through reinsurance and alternative risk finance markets. All coverage provided by Talisman is commercial in nature, only available to those businesses who participate in an underwriting cell. The company offers tailored claims management to local clients. They use a number of different claims management service providers to enable efficient claim processing for each of their cell programs. Delegated claims authority is only given to firms who have extensive claims management experience, have extensive knowledge of the local market where claims are made and operate with the highest degree of ethics and integrity.

The benefits brought on by technological developments are introduced to the claims process (as it can be streamlined within the cell giving participants a high level of service). Claims Management of Captive Cells relies on efficient and modernized claims technology, which gives the owner immediate feedback of the overall impact of claims. The time needed to adjust and acclimatize can be decreased due to the simple aggregation of data within a cell captive. As claims account for the majority of a captive’s expenses, an efficient claims management practice is one area where captives distinguish themselves from most traditional insurers. The Talisman casualty licensing provider makes it a point to stay informed of the latest developments and to also maintain the latest technology in order to provide impeccable service to their clientele.

The company points out that utilizing local adjusters, who meet high ethical and competent criteria, gives participants the best claims experience. Proprietary Claims Software can also be integrated into a cell captive program without incurring the expensive cost associated with licensed software that targets large commercial insurers as their base users.

The Talisman Casualty Insurance Company is an alternative risk transfer option for liability and property insurance. Talisman’s insurance policies and bonds are licensed, regulated, and authorized insurance transactions that are held accountable by the laws of the state of Nevada. Bonds and insurance policies are made available to principals who join as participants by enacting a participation agreement and therefore becoming a shareholder. By offering participants access to regulated structures, they are then able to access international reinsurance markets that will potentially lower their insurance cost as well as enhancing its coverages to fit the objectives of their specific business. All Talisman capital, surplus, reserves, and financial records are maintained with due diligence to the mandated provisions and regulations in NRS Chapter 694 C.

Talisman’s Rent-a-captive option is an ideal choice for those who wish to avoid managing the insurance functions of a cell captive. This takes the burden off the client as Talisman handles all aspects of it. The Associated PCC option is a protected cell for associations who do not wish to go through the expense of setting up their own captive. The company also offers niche products. The PCC structure can be ideal for niche-products (such as extended warranty) or to serve as a reinsurer to nontraditional insurance offerings as well. The company explains that they offer business owners in the state of Nevada, a flexible and tailored form of insurance coverage. They recognize that a standardized approach will not bear results that are as efficient at lowering their clients’ costs as smaller, self-insured homogeneous groups with better risk profiles can. This is the key concept in their business models, as captive insurance is a better option to ensure lower premium costs and to expand capacity when managed correctly.

A critical aspect of the service provided by Talisman is the efficiency with which they can establish themselves within a company. This is due to the company already being in existence, and their cells only serve to segregate a new risk. This also allows Talisman to concentrate their efforts on tailoring these cells according to the specific requirements of their clientele. Once a cell is no longer needed, the run-off process can be completed conveniently and swiftly.

To learn more about the Talisman Casualty Insurance Company, one may visit the official website. They may also be contacted directly via phone or email.


For more information about Talisman Casualty Insurance Company, contact the company here:

Talisman Casualty Insurance Company
7881 W. Charleston Blvd, Suite 210 Las Vegas, NV 89117