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Risk Laboratories
531 Roselane St., Suite 800,
Marietta, Ga. 30060-6979;
678-784-4600; fax: 678-784-4700
www.risklabs.com
Risk management systems since: 1994.
RiskFolio 3.4.
Price: $10,000 to $1,000,000.
System requirements: IBM-compatible PC systems, Windows.
Online system.
Customization optional.
First installation: 1994.
Claims/coverage managed: general liability, property, casualty, workers compensation, auto, all lines.
Features: ad hoc reports; standard report library; claims triangulation; loss development; trending and forecasting; premium allocation; budgeting; aggregate analysis of limits and retentions; program/TPA monitoring; cost of risk analysis; loss stratification; loss analysis; acquisition and divestiture analysis; program options analysis; self-insurance comparisons and analysis; contract and renewal negotiating; international program analysis; reinsurance cession analysis; frequency and severity analysis; full values "as of" financial analysis capability; executive information system; policy tracking and management; exposure tracking and management; incoming/outgoing certificate processing and management; claims management for property/casualty and all industry-specific coverages; complete data flexibility; claims reporting; litigation management; reserve and values history; diary/notes; task creation; distribution and management; safety audit tracking; OSHA record keeping and reporting; data import/export and consolidation services; electronic data interchange; database independent; full security; asynchronous reporting; scheduling and reporting; graphic and chart capabilities; document integration with spreadsheet output options; 32-bit client/server technology; interface with internal application.
Optional features: Dashboard: customized Web page to display reports, warning signal system; Publisher: organizes, filters and distributes report on Dashboard; Incident Reporting: reports and collects incident related data in real-time fashion; Exposure Management: collects, edits and manages information about companies unique exposures from the field and stores data in database.
User support: user group meetings*, onsite training*, telephone assistance available 11 hours a day*, upgrades upon availability, troubleshooters with risk management experience*.
Staff: 60 total, 50 professionals.
1999 revenues: 40% from software sales, 60% from software services.
Officers: George B. Netherton, chairman; Scott Saffron, COO/interim CEO; Robert C. Morrell, chief technology officer.
Contact: Business Development Team; 678-784-4600; info@risklabs.com.
Risk Sciences Group (RSG)
1900 E. Golf Road, Suite 700,
Schaumburg, Ill. 60173;
800-619-0224; fax: 847-619-3079
www.risksciencesgroup.com
Risk management systems since: 1978.
Parent: Crawford & Co.
Sigma Encore Suite
Price: $12,000 to $125,000.
System requirements: IBM-compatible PC systems, Windows, Microsoft, Netscape browser, Macintosh.
Online system.
Customization optional.
First installation: 1978.
Total installations: 325, 319 in corporate risk management departments.
Claims/coverage managed: general liability, property, casualty, workers compensation, auto, all lines.
Features: encryption; risk management-specific relational database; configurable screens; data grids; application access and web links; user security; location management; loss management; analytic reporting; integration with policy; exposure and location through tab links; financial audit trail including cumulative and loss development lists; adjuster notes; analytical reports including claim management; safety/loss control; finance, actuarial, ad hoc reporting tool, point-in-time valuation, automatic report scheduling; report distribution.
Optional features: certificates of insurance, policy management, exposure management, claims administration, property/ inspection management, first notice of loss, diary, cost-of-risk allocation.
User support: user group meetings*, onsite training*, telephone assistance available 8 hours a day*, application service provider services*, **data consolidation, customized reporting, data interfaces, electronic report distribution.
Staff: 110 total, 90 professionals.
Clients: 325 total, 319 in corporate risk management departments; 15 new systems sold in 1999.
Branch offices: San Francisco; Atlanta; Chicago; New York.
1999 revenues: $17.5 million total, all from risk management systems sales and service: 10% from software sales, 90% from software services.
Officers: Michael E. Saladino, managing director.
Contact: Kenneth C. Ancona, national manager-marketing and sales; ken_ancona@us.crawco.com.
Risk Technologies Inc.
2840 Highway 287 N., Suite 400,
Mansfield, Texas 76063;
817-477-2197; fax: 817-473-7610
Risk management systems since: 1988.
RiskVision
Price: $75,000 to $250,000.
System requirements: IBM-compatible PC systems, Windows, any network platform, Macintosh.
Customization optional.
First installation: 1988.
Total installations: 200, 150 in corporate risk management departments.
Claims/coverage managed: general liability, property, casualty, workers compensation, auto, injury benefits, hospital incidents, student injuries, medical malpractice, accident and health, U.S. Longshoremen and Harbors.
Features: claims administration and check processing, custom claim input screens, laser check writing, vendor management and electronic transmission of 1099 information, electronic bank reconciliation transmissions and imprest fund management, ad hoc report generation, report writer, data export/import, remote access, reserve worksheets, notes and diary routines, exposure information management, premium management, policy management, cost allocation, loss development, loss control and OSHA reporting and record keeping, state fee schedule verification and payment discounting, form letter generation.
Optional features: real-time integration with PeopleSoft and Oracle, human resource systems, custom information management.
User support: user group meetings*, onsite training*, telephone assistance available 12 hours a day*.
RiskVision TPA
Price: $150,000 to $500,000.
System requirements: IBM-compatible PC systems, Windows, any network platform, Macintosh.
Online system.
First installation: 1988.
Total installations: 35, 15 in corporate risk management departments.
Claims/coverage managed: general liability, property, casualty, workers compensation, auto, U.S. Longshoremen and Harbor, injury benefits, hospital incidents, student injuries, medical malpractice, accident and health.
Features: claims administration and check processing, custom claim input screens, laser check writing, vendor management and electronic transmission of 1099 information, electronic bank reconciliation transmissions and imprest fund management, ad hoc report generation, report writer, data export/import, remote access, reserve worksheets, notes and diary routines, exposure information management, premium management, policy management, cost allocation, loss development, loss control and OSHA reporting and record keeping, state fee schedule verification and payment discounting, form letter generation.
Optional features: custom information management.
User support: user group meetings*, onsite training*, telephone assistance available 12 hours a day*.
RiskVision EDI
Price: $75,000 to $500,000.
System requirements: Web-enabled browser and access to the Internet.
Online system.
First installation: 1992.
Total installations: 150, 75 in corporate risk management departments.
Claims/coverage managed: general liability, property, casualty, workers compensation, auto, injury benefits, hospital incidents, student injuries, medical malpractice, accident and health, U.S. Longshoremen and Harbors.
Features: electronic data consolidation/ conversion; industry-specific data editing and conversion; exchange for various third party administrators, insurance companies, regulatory agencies, index bureaus, industry organizations, etc.; policy and coverage verification.
Optional features: real-time interface with insurance companies, TPAs or clients' legacy databases; integration with PeopleSoft and Oracle; human resource systems.
User support: user group meetings*, onsite training*, telephone assistance available 12 hours a day* .
RiskVisionNET
System requirements: IBM-compatible PC systems, Windows, any network platform, Macintosh.
Online system.
Customization optional.
First installation: 2000.
Total installations: 4, all in corporate risk management departments.
Claims/coverage managed: general liability, property, casualty, workers compensation, auto, injury benefits, hospital incidents, student injuries, medical malpractice, accident and health, U.S. Longshoremen and Harbors.
Features: claims administration and check processing, custom claim input screens, laser check writing, vendor management and electronic transmission of 1099 information, electronic bank reconciliation transmissions and imprest fund management, ad hoc report generation, report writer, data export/import, remote access, reserve worksheets, notes and diary routines, exposure information management, premium management, policy management, cost allocation, loss development, loss control and OSHA reporting and record keeping, state fee schedule verification and payment discounting, form letter generation.
Optional features: custom information management.
User support: user group meetings*, onsite training*, telephone assistance available 12 hours a day*.
RiskVision EAS
Price: $25,000 to $50,000.
System requirements: IBM-compatible PC systems, Windows, any network platform, Macintosh.
Online system.
First installation: 1992.
Total installations: 20, 15 in corporate risk management departments.
Features: adaptable to any RiskVision claims gathering product; customized query tools developed for reporting, analysis and graphing from the RiskVision data and internal client data or legacy systems.
User support: user group meetings*, onsite training*, telephone assistance available 12 hours a day*.
Staff: 15 total, 11 professionals.
Clients: 250 total, 150 in corporate risk management departments; 16 new systems sold in 1999.
1999 revenues: 3% from hardware sales, 64% from software sales, 33% from software services.
Officers: Chuck Allen, president; R.J. Mallette, vp-product development and marketing; Ron Watts, vp-customer service.
Contact: R.J. Mallette; 817-477-2197, ext. 102; rj_mallette@riskvision.com.
RISKTRAK Inc.
230 Commerce Way,
Portsmouth, N.H. 03801;
603-422-0444; fax: 603-433-4676
www.risktrac.com
Risk management systems since: 1982.
Parent: Liberty Mutual Insurance Co.
Nxt.com
System requirements: IBM-compatible PC systems, Windows, Internet browser.
Online system.
Customization optional.
First installation: 1999.
Total installations: 1,700, 1,500 in corporate risk management departments.
Claims/coverage managed: general liability, property, casualty, workers compensation, auto, group short- and long-term disability, integrated disability management.
Features: claim inquiry, real-time access to adjuster notes, daily updates of claim and payment information, reserve chart and calculations, customized data capture with user-defined field, standard report writer and scheduler, ad hoc report generation and integration.
Optional features: executive information system that provides alert, drilldown and trend capability; SafetyVision, which offers incident capture and OSHA reporting.
User support: user group meetings*, onsite training, telephone assistance available 13 hours a day*, online help system*.
Clients: 770 total, 700 in corporate risk management departments.
Contact: Alicia Rawnsley.
Specialty Risk Services
Goodwin Square, 225 Asylum St., 16th Floor,
Hartford, Conn. 06103;
888-236-4684; fax: 860-520-2503
www.specialtyriskservices.com
Risk management systems since: 1992.
Parent: The Hartford Financial Services Group.
LASER (Loss Analysis System to Evaluate Risk)
Price: $21,000**.
System requirements: IBM-compatible PC systems, Windows.
Customization optional.
First installation: 1992.
Total installations: 650, 425 in corporate risk management departments.
Claims/coverage managed: general liability, property, casualty, workers compensation, auto.
Features: claim management, risk analysis, access to adjuster and nurse's notes, formatted and ad hoc reporting, "as of" reporting, graphing capabilities.
Optional features: formatted and ad hoc risk financing (triangles and development factors), data conversion/consolidation (historical and current), customer/vendor data interfaces, loss triangle development, data import/export capabilities, OSHA log creation/tracking.
User support: user group meetings, onsite training*, telephone assistance available 12 hours a day*.
Staff: 26 total, 21 professionals.
Clients: 335 total, 183 in corporate risk management departments; 52 new systems sold in 1999.
Branch offices: Los Angeles; Atlanta; Chicago; Kansas City, Kansas; New York; Dallas.
1999 revenues: $104 million total, $8.3 million from risk management systems sales and service:97% from software sales, 3% from software services.
Officers: Dennis R. Replogle, president; Kenneth F. Martino, Annette L. Sanchez, senior vps.
Contact: Mark J. Stergio, vp.
**Estimated.
TECNORisk L.L.C.
1323 120th Ave. N.E.,
Bellevue, Wash. 98005;
425-453-1855; fax: 425-453-8737
www.tecnorisk.com
Risk management systems since: 1996.
TECNOClaims P&I Plus
Price: $30,000 to $50,000.
System requirements: IBM-compatible PC systems, Windows.
Customization optional.
First installation: 1996.
Total installations: 25, 24 in corporate risk management departments.
Claims/coverage managed: general liability, property, auto, marine.
Features: claims management for protection and indemnity, cargo, hull and machinery and all marine or shoreside-related exposures; incident/accident administration; workflow process management; litigation management; cargo subrogation; policy tracking; automated claim assignment; first advice to clubs/insurers; reports designed for marine needs; ad hoc reporting; web-based reporting; custom alert system; safety and loss prevention designed for international safety management needs; certificate tracking.
User support: onsite training, telephone assistance available 24 hours a day* .
Staff: 5 total, 4 professionals.
Officers: Roger Phillips, president; Elizabeth Seymour, vp.
Contact: Elizabeth Seymour; elizabethseymour@tecnorisk.com.
Travelers Insurance
1 Tower Square, 5CR,
Hartford, Conn. 06183;
860-277-2770; fax: 860-277-2876
www.travelerspc.com/commercial/rmis
Risk management systems since: 1983.
Parent: Citigroup Inc.
CARMA
System requirements: IBM-compatible PC systems, Windows, Internet platform.
Online system.
Customization optional.
First installation: 1983.
Total installations: 3,518; 297 in corporate risk management departments.
Claims/coverage managed: general liability, property, casualty, workers compensation, auto.
Features: notice of loss reporting; claims management; loss analysis including adjuster's notes; integrated disability management analysis; loss development and forecasting; loss prevention; reserve tracking; premium allocation; risk analysis; self-insurance comparisons and analysis, loss trending and safety/loss control; ad hoc report generation; data integration; employee benefits; benchmarking and drill-down analysis.
Optional features: exposure database.
User support: user group meetings*, onsite training*, telephone assistance available 13 hours a day*, regional training sessions, newsletter*.
CARMA On-line
System requirements: IBM-compatible PC systems, Windows, Internet platform.
Online system.
Customization optional.
First installation: 1983.
Total installations: 3,849; 832 in corporate risk management departments.
Claims/coverage managed: general liability, property, casualty, workers compensation, auto.
Features: notice of loss reporting; claims management; loss analysis including adjuster's notes; integrated disability management analysis; loss development and forecasting; loss prevention; reserve tracking; premium allocation; risk analysis; self-insurance comparisons and analysis, loss trending and safety/loss control; ad hoc report generation; data integration; employee benefits; benchmarking and drill-down analysis.
Optional features: exposure database.
User support: user group meetings*, onsite training*, telephone assistance available 13 hours a day*, regional training sessions, newsletter*.
Staff: 105 total, 78 professionals.
Clients: 1,129 total, all in corporate risk management departments.
Branch offices: Los Angeles; Atlanta; Chicago; Minneapolis; Dallas.
Officers: Matthew L. Carden, vp; Michael J. Strietelmeier, director.
Contact: Matthew L. Carden.
WLT Software
831 N. Hercules Ave.,
Clearwater, Fla. 33765;
877-807-4730; fax: 727-443-4936
www.wltsoftware.com
Risk management systems since: 1984.
COMPCLAIMS
System requirements: IBM-compatible PC systems, DOS, Windows.
Customization optional.
First installation: 1984.
Claims/coverage managed: workers compensation.
Features: claims administration, loss forecasting, policy tracking, reserve tracking, safety engineering, loss control reporting, incident reporting and tracking, diary, check processing, OSHA reporting, 1099, management reporting, litigation management, fee schedule, Nevada state surcharge reports, IBNR report capability, maximum reimbursable allowance schedule interfacing.
Optional features: interface capabilities with MEDICLAIMS.
User support: user group meetings, onsite training, telephone assistance available 9.5 hours a day, online help-desk, modem sercie for data analysis and program downloads.
Officers: William L. Tiner Jr., president; Ann Marie Tiner, executive vp; Tom Brooks, vp-sales.
Contact: Tom Brooks; tbrooks@wltsoftware.com.
Wiese Risk Management Services Inc.
4126 Lien Road, Suite 105,
Madison, Wis. 53704;
608-249-3220; fax: 608-249-3636
www.wrms-bip.com
Risk management systems since: 2000.
Business Insurance Profiler (BIP)
Price: $395.
System requirements: IBM-compatible PC systems, CD-ROM drive.
Features: customized specifications, proposal analysis, spreadsheet to aid in decision-making of insurance purchases.
User support: E-mail based support*.
Staff: 8 total.
Officers: Paul Wiese, president; Greg Nienaber, vp-operations.
Contact: Tammie Arbuckle; tammie.arbuckle@wrms-bip.com.
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