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Risk Management:  New Technology  & Online Solultions

Spotlight Report December 3, 2001

Vendors Q - Z

Risk Laboratories
Risk Sciences Group Inc.
Risk Technologies Inc.
RISKTRAC Inc.
Specialty e-Business
TECNORisk L.L.C.
The Travelers Property Casualty
Valley Oak Systems Inc.
WLT Software
Zurich IC2

Risk Laboratories

531 Roselane St., Suite 800,

Marietta, Ga. 30060-6979;

678-784-4600; fax: 678-784-4700

www.risklabs.com

RiskFolio 4.0

Price: $10,000 to $1,000,000 a year.

System requirements: IBM-compatible computer, Windows.

Online system.

First installation: 1994.

Total installations: 2,000, 1,500 in corporate risk management departments.

Claims/coverage managed: general liability, workers compensation, property, auto, casualty.

Features: allocation of premiums, certificate tracking, check processing/writing, claims administration, charting/graphing, diary, exposure analysis, incident reporting, litigation management, loss development, loss forecasting, loss prevention, loss trending, OSHA recordkeeping/reporting, policy tracking, property appraisal, report generation, reserve tracking, risk analysis, safety and loss control, self-insurance comparisons and analysis.

RiskConsole

Price: $1,000 to $25,000 a month.

System requirements: IBM-compatible computer, Windows, Internet access.

Online system.

First installation: 2001.

Total installations: 150, 150 in corporate risk management departments.

Claims/coverage managed: general liability, workers compensation, property, auto, casualty.

Features: allocation of premiums, charting/graphing, diary, exposure analysis, incident reporting, litigation management, loss development, loss forecasting, loss prevention, loss trending, OSHA recordkeeping/ reporting, policy tracking, property appraisal, report generation, reserve tracking, risk analysis, safety and loss control, self-insurance comparisons and analysis.

Staff: 60 total, 50 professionals.

Clients* 2,000, 1,500 in corporate risk management departments, 1,000 new systems in 2000.

2000 revenues: 40% software; 60% services.

Officers: George B. Netherton, chairman; Scott Saffron, COO/interim CEO; Robert C. Morrell, chief technology officer; Paul Bildsoe, vp-business development.

Contact: business development team; 877-755-7475; info@risklabs.com.

*Estimated.


Risk Sciences Group (RSG)

1900 E. Golf Road, Suite 700,

Schaumburg, Ill. 60173;

800-619-0224; fax: 847-619-3079

www.risksciencesgroup.com

Parent: Crawford & Co.

Sigma and Sigma Encore Suite

Price: $125,000.

System requirements: IBM-compatible computer, Windows.

Online system.

First installation: 1978.

Total installations: 510, 500 in corporate risk management departments.

Claims/coverage managed: general liability, workers compensation, property, auto, casualty.

Features: certificate issuance, certificate tracking, check processing/writing, claims administration, charting/graphing, diary, exposure analysis, first report of injury, incident reporting, loss development, loss forecasting, loss prevention, loss trending, OSHA recordkeeping/reporting, policy tracking, property appraisal, report generation, reserve tracking, risk analysis, safety and loss control, self-insurance comparisons and analysis, application service provider, auto-report scheduling and distribution, e-mail messaging, electronic file attachments, loss triangles.

Staff: 110 total, 95 professionals.

Clients: 510, 500 in corporate risk management departments, 27 new systems in 2000.

2000 revenues: $17,250,000 total; $17,250,000 from risk management information systems; 5% software; 95% services.

Officers: Michael E. Saladino, managing director.

Contact: Kenneth C. Ancona, marketing and sales manager; ken_ancona@us.crawco.com.


Risk Technologies Inc.

2480 Highway 287 N., Suite 400,

Mansfield, Texas 76063;

817-477-2197; fax: 817-473-7610

www.riskvision.com

RiskVision

Price: $75,000 to $250,000.

System requirements: IBM-compatible computer, Windows.

First installation: 1988.

Total installations: 200, 150 in corporate risk management departments.

Claims/coverage managed: general liability, workers compensation, property, auto, casualty, accident and health, hospital incidents, injury benefits, medical malpractice, U.S. Longshoremen and Harbors.

Features: allocation of premiums, certificate issuance, certificate tracking, check processing/writing, claims administration, charting/graphing, diary, exposure analysis, first report of injury, incident reporting, litigation management, loss development, loss forecasting, loss prevention, loss trending, OSHA recordkeeping/reporting, report generation, quotation data fact sheet of coverage perils/terms, reserve tracking, risk analysis, safety and loss control, self-insurance comparisons and analysis, workers compensation experience rate modification calculation, asset management, cost containment/bill reduction, data export, EDI, electronic bank reconciliation, form letter generation, interfaces with accounting and human resources packages.

RiskVision TPA

Price: $150,000 to $500,000.

System requirements: Windows.

First installation: 1988.

Total installations: 7.

Claims/coverage managed: general liability, workers compensation, property, auto, casualty, accident and health, hospital incidents, injury benefits, medical malpractice, U.S. Longshoremen and Harbors.

Features: allocation of premiums, certificate issuance, certificate tracking, check processing/writing, claims administration, charting/graphing, diary, exposure analysis, first report of injury, incident reporting, litigation management, loss development, loss forecasting, loss prevention, loss trending, OSHA recordkeeping/reporting, policy tracking, property appraisal, report generation, quotation data fact sheet of coverage perils/terms, reserve tracking, risk analysis, safety and loss control, self-insurance comparisons and analysis, asset management, cost containment/bill reduction, data export, EDI, electronic bank reconciliation, form letter generation, interfaces with accounting and human resources packages.

RiskVision Net

Price: $75,000 to $250,000.

System requirements: IBM-compatible computer, Windows.

Online system.

First installation: 2000.

Total installations: 6, 5 in corporate risk management departments.

Claims/coverage managed: general liability, workers compensation, property, auto, casualty, accident and health, hospital incidents, injury benefits, medical malpractice, U.S. Longshoremen and Harbors.

Features: allocation of premiums, certificate issuance, certificate tracking, check processing/writing, claims administration, charting/graphing, diary, exposure analysis, first report of injury, incident reporting, litigation management, loss development, loss forecasting, loss prevention, loss trending, OSHA recordkeeping/reporting, policy tracking, property appraisal, report generation, quotation data fact sheet of coverage perils/terms, reserve tracking, risk analysis, safety and loss control, self-insurance comparisons and analysis, workers compensation experience rate modification calculation, asset management, cost containment/bill reduction, data export, EDI, electronic bank reconciliation, form letter generation, interfaces with accounting and human resources packages.

RiskVision Net

Price: $25,000 to $250,000.

System requirements: IBM-compatible computer, Windows.

First installation: 2001.

Total installations: 2.

Claims/coverage managed: general liability, workers compensation, property, auto, casualty, accident and health, hospital incidents, injury benefits, medical malpractice, U.S. Longshoremen and Harbors.

Features: allocation of premiums, certificate issuance, certificate tracking, check processing/writing, claims administration, charting/graphing, diary, exposure analysis, first report of injury, incident reporting, litigation management, loss development, loss forecasting, loss prevention, loss trending, OSHA recordkeeping/reporting, policy tracking, property appraisal, report generation, quotation data fact sheet of coverage perils/terms, reserve tracking, risk analysis, safety and loss control, self-insurance comparisons and analysis, workers compensation experience rate modification calculation, asset management, cost containment/bill reduction, data export, EDI, electronic bank reconciliation, form letter generation, interfaces with accounting and human resources packages.

Staff: 19 total, 16 professionals.

Clients*: 250, 150 in corporate risk management departments, 5 new systems in 2000.

2000 revenues: 65% software; 35% services.

Officers: Chuck Allen, president; Mickey Mikesell, senior vp-western United States; Ron Watts, vp-client services.

Contact: Mickey Mikesell; 619-522-7007; mickey_ mikesell@riskvision.com.

*Estimated.


RISKTRAC Inc.

230 Commerce Way,

Portsmouth, N.H. 03801;

603-422-0444; fax: 603-433-4676

www.risktrac.com

Parent: Liberty Mutual Insurance Co.

RISKTRAC.nxt

System requirements: IBM-compatible computer, Windows.

Online system.

First installation: 1999.

Total installations: 2,300, 2,100 in corporate risk management departments.

Claims/coverage managed: general liability, workers compensation, property, auto, casualty, group disability, integrated disability management.

Features: claims administration, charting/graphing, exposure analysis, incident reporting, loss forecasting, loss trending, OSHA recordkeeping/reporting, policy tracking, report generation, reserve tracking, risk analysis, safety and loss control.

Staff: 85 total, 75 professionals.

Clients: 820, 780 in corporate risk management departments.

Contact: Alicia Rawnsley, director-marketing; alicia.rawnsley@libertymutual.com.


Specialty Risk Services

Hartford Plaza (T22),

Hartford, Conn. 06115;

888.346.3119; fax: 860-547-6472

www.hartford-specialty.com

Parent: The Hartford Financial Services Group.

@venture

Price: $5,000.

System requirements: IBM-compatible computer, Windows.

Online system.

First installation: 1999.

Total installations: 3,500, 1,000 in corporate risk management departments.

Claims/coverage managed: general liability, workers compensation, auto, casualty.

Features: claims administration, charting/graphing, diary, first report of injury, incident reporting, litigation management, loss prevention, policy tracking, report generation, quotation data fact sheet of coverage perils/terms, reserve tracking, risk analysis, safety and loss control, self-insurance comparisons and analysis, administrative services, e-mail alerts, invoices, executive dashboard, stewardship reports.

Staff: 30 total, 16 professionals.

Clients: 1,000, 1,000 in corporate risk management departments, 500 new systems in 2000.

2000 revenues: $13,000,000,000 total; $10,000,000 from risk management information systems; 70% software; 30% services.

Officers: Mark Stergio, vp; Samir Srivastava, assistant vp.


TECNORisk L.L.C.

1323 120th Ave. N.E.,

Bellevue, Wash. 98005;

425-453-1855; fax: 425-453-8737

www.tecnorisk.com

TECNOClaims 6.1

Price: $30,000 to $50,000.

System requirements: IBM-compatible computer, Windows.

First installation: 1996.

Total installations: 25, 24 in corporate risk management departments.

Claims/coverage managed: general liability, property, auto.

Features: allocation of premiums, certificate tracking, check processing/writing, claims administration, charting/graphing, diary, exposure analysis, first report of injury, incident reporting, litigation management, loss development, loss prevention, loss trending, policy tracking, report generation, reserve tracking, risk analysis, safety and loss control, self-insurance comparisons and analysis, workers compensation experience rate modification calculation, automated claims assignment, cargo subrogation, claims management including protection and incident and accident administration, workflow process management.

Staff: 5 total, 4 professionals.

Officers: Roger G. Phillips, president; Elizabeth A. Seymour, vp.

Contact: Elizabeth A. 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

Parent: Citigroup Inc.

e-CARMA

System requirements: IBM-compatible computer, Windows, Internet browsers..

Online system.

First installation: 1983.

Total installations: 7,967, 1,073 in corporate risk management departments.

Claims/coverage managed: general liability, workers compensation, property, auto, casualty.

Features: allocation of premiums, charting/graphing, exposure analysis, first report of injury, incident reporting, litigation management, loss development, loss forecasting, loss prevention, loss trending, report generation, reserve tracking, risk analysis, safety and loss control, self-insurance comparisons and analysis, benchmarking analysis, integrated disability reports and analysis, managed care reports.

Staff: 105 total, 80 professionals.

Clients: 1,073, 1,073 in corporate risk management departments.

Officers: Matthew L. Carden, vp; Michael J. Strietelmeier, director.

Contact: Matt Carden; mcarden@travelers.com.


Valley Oak Systems Inc.

3189 Danville Blvd., Suite 100,

Alamo, Calif. 94507;

925-552-1650; fax: 925-552-1656

www.valleyoak.com

VOS Portal

System requirements: Windows, Macintosh.

Online system.

First installation: 1995.

Total installations: 47, 35 in corporate risk management departments.

Claims/coverage managed: general liability, workers compensation, property, auto, casualty, medical malpractice.

Features: certificate issuance, check processing/ writing, claims administration, charting/graphing, diary, exposure analysis, first report of injury, incident reporting, litigation management, loss development, loss forecasting, loss prevention, loss trending, OSHA recordkeeping/reporting, policy tracking, report generation, reserve tracking, risk analysis, safety and loss control, self-insurance comparisons and analysis.

Staff: 25 total, 20 professionals.

Officers: Randy Wheeler, president/CEO; David Turner, vp-development; Ritza Vaughn, vp-client services; Brian Mack, vp-sales and marketing.

Contact: Brian Mack; bmack@valleyoak.com.


WLT Software

831 N. Hercules Ave.,

Clearwater, Fla. 33715;

877-807-4730; fax: 727-443-4936

www.wltsoftware.com

COMPCLAIMS

System requirements: IBM-compatible computer, Windows.

First installation: 1984.

Claims/coverage managed: workers compensation.

Features: allocation of premiums, check processing/writing, claims administration, diary, exposure analysis, first report of injury, incident reporting, litigation management, loss development, loss forecasting, loss prevention, loss trending, OSHA record keeping/reporting, policy tracking, report generation, reserve tracking, risk analysis, safety and loss control, self-insurance comparisons and analysis, workers compensation experience rate modification calculation.

Officers: William L. Tiner Jr., president; Ann M. Tiner, executive vp; Tom Brooks, vp-sales.

Contact: Tom Brooks, tbrooks@wltsoftware.com.


Zurich IC2

2 International Place, Suite 17,

Boston, Mass. 02110;

617-295-1122; fax: 617-295-4797

www.ic2.zurich.com

Parent: Zurich Financial Services.

Zurich IC2 First Database

Price: $38,000.

System requirements: IBM-compatible computer, Windows, Macintosh.

Online system.

First installation: 2000.

Total installations: 7, 5 in corporate risk management departments.

Features: incident reporting, report generation, risk analysis, operational risk loss case studies and scenarios.

Staff: 22 total, 6 professionals.

Clients: 5, 2 in corporate risk management departments.

2000 revenues: 50% software; 50% services.

Officers: Wolfgang F. Friedel, president/CEO; Rene Manser, head-financial service consulting services; Penny Cagan, head-research.

Contact: Penny Cagan, penny.cagan @ic2.zur ich.com; Rene Manser, rene.manser@ic2. zurich.com.


Copyright© 2001, 2002 Business Insurance