Main trade participant coming to the Large Apple

The next article was written in affiliation with ICW Group.

ICW Group has undertaken an thrilling and important step by increasing into New York, because the famend service goes from energy to energy.

The group launched its providers within the new market and is accepting submissions from July onward. This improvement marks a profitable 12 months, as the corporate was named the 2024 winner of Insurance coverage Enterprise America’s 5-Star Staff’ Compensation for the fourth consecutive time.

“Our continued recognition as a 5-Star Staff’ Comp service is a testomony to the belief we now have constructed over many years with our community of impartial agent and dealer companions and the worth of the merchandise we ship to our prospects,” mentioned Paul Zamora (pictured), chief underwriting officer. “We’re proud to now provide our employees’ comp enterprise in New York and create the most effective insurance coverage expertise attainable for the brokers and companies within the area.”

The growth builds upon ICW Group’s over 50-year legacy, which has been crafted by following its key pillars:

• monetary energy
• valued agent partnerships
• preventative danger administration method
• proactive hands-on claims administration
• free value-added policyholder providers

100 per cent (100%) of ICW Group’s enterprise comes from its strategic agent and dealer partnerships, an association that’s set to proceed with the transfer to New York.

Zamora defined: “We deliver a longtime employees’ comp product accompanied with top-tier customer-centric providers to the area. Our experience is in mitigating danger, selling office security, and supporting the long-term success of companies nationwide. We are able to’t wait to deliver our providers to New York companies.”

ICW Group is in a robust place by way of efficiency, highlighted by some spectacular latest metrics, together with:

• The group’s employees’ comp operation reached a milestone of over $1 billion in premium in 2023.
• On common, hands-on declare administration helps claims shut 6% quicker and beat trade prices by 20%.
• ICW Group assigns twice the variety of claims for fraud investigation help versus the trade common. Each declare is checked for fraud inside 24 hours of declare creation.

The group’s inner processes are pushed by what it calls “Energy of three” – fewer claims, less expensive claims, and decrease ex-mods. 

Whereas the ICW crew’s intensive experience in security and damage prevention helps prospects decrease their frequency of claims, when a declare does happen, the group’s claims administration providers assist shut them quicker. This, in the end, has a optimistic affect on the expertise modification issue and ends in long-term premium financial savings.

Brokers working with ICW Group can provide value-added providers with the purchasers’ employees’ comp coverage as each policyholder is given entry to advantages resembling a complete security studying administration system Security OnDemand, free HR recommendation with HR OnDemand, and a Nurse Triage Hotline for speedy motion when a office damage happens.

“Being repeatedly named a 5-Star Staff’ Comp service by brokers and brokers is significant to us. We try to supply above and past service and experience to their policyholder purchasers and we’re more than happy to see our laborious work is paying off,” added Zamora.