The Texas Life and Health Insurance Guaranty Association is a non-profit legal entity that provides protection, subject to certain limits in Texas law, for life, health, and annuity policies owned by Texas residents if a member insurance company becomes insolvent and is ordered liquidated by a court.
The Board of Directors mandated the switch to a cloud-based system as their server was reaching the end of life. They have over 50 insolvencies to report on and they were not able to accomplish reporting on the individual insolvencies from Dynamics GP.
Sage Intacct checks all the boxes for the Texas Life and Health Insurance Guaranty Association. They will be able to improve reporting with both consolidated and individual report options as well as have greater visibility with cloud access. The Texas Life and Health Insurance Guaranty Association will also benefit from lower hardware costs as they will no longer have to maintain an on-premise server.