"How to Release Excess Waiver of Premium (WoP) Reserves to Profits" to Present Clear Path for Increasing Profits from a Risk Management Perspective
BEDMINSTER, N.J., Sept. 18, 2013 /PRNewswire/ — FastTrack RTW Services & Solutions, a division of Kamine Technology Group, LLC, is pleased to announce the second in a series of complimentary educational webinars on Waiver of Premium Liability Analysis and Methods of Reserve Release. The webinars are targeted to life insurance actuarial, financial, risk management and claims executives charged with the responsibility of optimizing balance sheet liabilities for their companies.
The second webinar will be held on Wednesday, October 9, 2013 from 12:00pm to 1:00pm (EDT) and is titled "How to Release Excess Waiver of Premium (WoP) Reserves to Profits." The speaker will be Carl Capato, FastTrack's Senior Vice President, Risk Management Strategic Partnerships. The topics to be discussed will be: understanding the three legs of Waiver of Premium liabilities, why the importance of waiver liabilities are undervalued by many life insurers, how treating waiver claims as "disability claims" will reduce risk and expedite the return of overstated Disability Life Reserves to profit and how to establish a best practice and fairer WoP adjudication process for both insurer and claimant. Finally, quantitative results achieved through the disability-centric Waiver of Premium claims adjudication process will be presented.
FastTrack's CEO, Thomas Capato, stated, "Our first webinar, which framed the outstanding financial and operational opportunities within the Waiver of Premium market, had exceptional attendance. This second webinar will focus almost entirely on risk management solutions and present industry executives with a clear path towards capitalizing on this neglected liability. We are not surprised that we have already received a significant amount of registrants for this webinar since the life insurance industry is being asked by its stakeholders to increase profits from a risk management perspective. Since there has been limited revenue growth within the marketplace, every carrier is looking for high ROI opportunities, like this, which will positively impact their bottom line."
Insurance executives interested in attending the webinar may register at http://webinar.fasttrackrtw.com
About Kamine Technology Group, LLC – The FastTrack RTW Division (FastTrackRTW.com) helps the insurance vertical proactively enhance its Return-to-Work and Risk Management programs with a full suite of tools. The FastTrack tools are utilized by Short/Long Term Disability, Life and Workers Compensation insurance carriers, Self-Insured Employers and TPA providers as integral parts of their Return-to-Work and Risk Management initiatives. FastTrack's goals are to help speed the return of claimants/injured workers to their existing employers, find them new employment opportunities when occupational changes are required and to assist carriers to more effectively adjudicate claims from a Risk Management perspective.
For further information, please contact:
Robert B. Kuller, Senior Vice President – Marketing
(610) 539-6948
Email