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Skyway Group Benefits

Insurance, United States, Florida, Tampa

Skyway Group Benefits provides expert consulting in group benefits, healthcare, and compliance solutions to help businesses navigate the complex world of employee benefits.

About Skyway Group Benefits

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Basics

Type
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Founded
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Total Employees
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Employees on Linkedin
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Employees on OWCareers
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Main Office
United States of America, Florida state
Official Website
http://www.skywaygroupbenefits.com
Location Address Official Phone Email
United States of America, Florida state United States, Florida, Tampa **** ****
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FAQs – Skyway Group Benefits

How does the ceding insurer select a reinsurer for facultative reinsurance?

The ceding insurer typically selects a reinsurer based on its reputation, experience with the specific type of policy, financial strength, and ability to provide competitive terms. The reinsurer's willingness to accept the risk and negotiate favorable terms also play a key role in the selection process.


What are the advantages of parametric insurance?

Advantages include faster payouts, reduced administrative costs, increased transparency, and the ability to cover risks that are difficult to insure with traditional indemnity-based policies.


What happens if multiple beneficiaries disagree over the payout?

The insurance company follows the policy terms and designated percentages, but legal disputes may require court intervention to resolve conflicts.


Can I claim baggage loss if my suitcase is damaged instead of lost?

Yes, if your suitcase or items inside are damaged during transit, you may file a claim. However, wear and tear, scratches, and minor cosmetic damage are usually not covered.


Are universal life insurance premiums tax-deductible?

No, life insurance premiums are generally not tax-deductible, but the cash value grows tax-deferred, and death benefits are usually paid out tax-free to beneficiaries.


What role does technology play in managing loss ratios?

AI and data analytics help insurers predict claims trends, detect fraud, and streamline claims processing to maintain balanced loss ratios.


What is predictive modeling in actuarial science?

Predictive modeling involves using statistical and machine learning techniques to analyze past data and forecast future events. Actuaries use it to predict insurance claims, mortality rates, financial market trends, and customer behavior.


What is the NAIC's Consumer Information Source (CIS)?

The CIS is an online database managed by the NAIC that provides consumers with important information about insurance companies, such as financial stability and licensing status.


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