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110th Mid-Atlantic Mutual Advantage Convention 110th Mid-Atlantic Mutual Advantage Convention 110th Mid-Atlantic Mutual Advantage Convention Financial Management Seminar Financial Management Seminar Sponsors Corporate Governance Workshop

Cloud Technology Still a Bit Cloudy? A Practical Guide: Realizing Value from Web-Based Services by Phil Reynolds 

The cloud is a significant driving force for digital innovation in insurance and refers to a network of connected services that manages, distributes, and connects computers. Globally, 77% of businesses operate on cloud services1

The cloud is transforming insurance companies by shifting focus toward customer-centric technologies accessible from anywhere. The impact of this innovation can be seen in a number of technology trends, including digital customer relationship management, digital customer interaction, legacy replacement, modern architecture, algorithmic risk assessment, and live streaming of IoT analytics. 

SECURITY 

Security is arguably the most important consideration for insurers who are responsible for keeping their policyholders’ personal, banking, and identification information private and secure. Top threats to security include unauthorized access to accounts, hijacking of accounts, insecure programing interfaces, and external sharing of data. 

However, the cloud offers top value in information security. Not only is cloud use heavily regulated and well-certified, but it is also used and endorsed by NASA, the Nasdaq, and the United States CIA. With cloud infrastructure, a company’s data is protected. 

For the full article navigate to page 16 of the Spring 2017 Pulse by clicking here.

Expansion of the Federal Research & Development Tax Credit: Can your Company Benefit? by William Kuhlman

Now is a better time than ever to reevaluate whether investment in software development, analytics, predictive modeling and other value-added insurance development activities qualify for a federal tax subsidy known as the Research and Development (R&D) tax credit. Most insurance companies do not realize that these everyday value-added corporate activities may qualify under the updated or “relaxed” R&D qualification guidelines. Accordingly, companies engaging in any of the above activities may want to consider evaluating its’ eligibility for the R&D tax credit. The credit can be used as a tax planning tool; claiming a credit can permanently reduce federal/state effective tax rates, increase cash flow and assist with management of corporate tax burden.

From the beginning of the original credit provision in 1981, Congress extended R&D credit on a temporary basis and frequently it was done retroactively. This ad hoc extension approach inhibited many companies from evaluating the R&D credit. Effective, January 1, 2015, the R&D credit was permanently extended. Congress permanently extended the credit as part of the Protecting Americans from Tax Hikes (PATH Act) and included changes that result in more taxpayers being able to utilize the credit. 

For the full article navigate to page 18 of the Spring 2017 Pulse by clicking here.  

PAMIC is the premier provider of education, advocacy and networking for Mutual Insurance Companies in the Mid-Atlantic region. Some of the exclusive benefits include:
  • Access to the Enqurion Law and Human Resources portal
  • Access to discounted Institutes Coursework through our online learning portal
  • Ability to participate and network through our committee structure
  • Member rates for in person educational events

Our diverse membership covers companies from every aspect of the Mutual Insurance Industry. Find out how PAMIC membership can benefit your company!

For more information on joining click here!

110th Mid-Atlantic Mutual Advantage Convention
July 30 - August 1, 2017
 Kalahari Resort

Financial Management Seminar
September 7, 2017
Hershey Country Club

Corporate Governance Workshop
September 8, 2017
Hershey Country Club

110th Mid-Atlantic Mutual Advantage Convention
July 30 - August 1, 2017
 Kalahari Resort

Financial Management Seminar
September 7, 2017
Hershey Country Club

110th Mid-Atlantic Mutual Advantage Convention
July 30 - August 1, 2017
 Kalahari Resort


Our website hosts our online Training program the PAMIC Institutes. Members who access the PAMIC Institutes and can take discounted courses to further their education.

Check out the PAMIC Institutes


MSO SERFF Filing
PAMIC has partnered with MSO to offer discounted SERFF Filings. MSO has provided a short video to discuss the full benefits of their filing system. SERFF, the NAIC’s filing system, is the most efficient way to submit filings with an insurance department. 


As a licensed third-party SERFF filer, MSO®, Inc. has a state filing service program for submitting filings on behalf of any insurer. MSO is partnering with PAMIC to provide PAMIC member companies this service at a preferential PAMIC fee.

For more information - Click Here


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