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Risk Management:  New Technologies  & Online Services

Spotlight Report December 2, 2002

Vendors M - P

Marsh-Risk Technologies Practice
Mitratech
OCI
PerDatum Inc.

Marsh-Risk Technologies Practice

230 W. Monroe St., 23rd Floor,

Chicago, Ill. 60606;

312-627-6000; fax: 312-627-6590

www.starsinfo.com, www.marsh.com

Risk management systems since: 1990.

Parent: Marsh & McLennan Cos. Inc.

STARS

Price: $75,000.

System requirements: IBM-compatible computer, Windows.

Online system.

Customization optional.

First installation: 1990.

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

Claims/coverage managed: general liability, workers compensation, property, auto, aviation, D&O, E&O, employers liability, incident tracking, marine, products liability, professional liability.

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, data warehousing via STARS ASP, Internet connectivity, object linking and embedding, scanning functionality.

Optional features: absence management, fleet management, integration, mass tort claims management, property value and loss control data collection, recommendation management.

User support: user groups/meetings, onsite training, telephone assistance available 12 hours a day, e-mail support.

STARS Web

Price: $40,000.

System requirements: IBM-compatible computer, Windows, Internet/intranet.

Online system.

Customization optional.

First installation: 1998.

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

Claims/coverage managed: general liability, workers compensation, property, auto, aviation, D&O, E&O, employers liability, incident tracking, marine, products liability, professional liability.

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, data warehousing via STARS ASP, Internet connectivity, object linking and embedding, scanning functionality.

Optional features: absence management, decision-driven incident entry, fleet management, integration, mass tort claims management, property value and loss control data collection, recommendation management.

User support: user groups/meetings, onsite training, telephone assistance available 12 hours a day, e-mail support.

Staff: 225 total, 100 professionals.

Clients: 640; 640 in corporate risk management departments, 100 new systems in 2001.

Branch offices: 20 offices worldwide.

2001 revenues: 35% software; 65% services.

Officers: Robert G. Petrie III, practice manager-Marsh Risk Technologies; Jeffrey R. Markowitz, Patrick J. O'Neill, managing

directors, co-managers-STARS.

Contact: William Diaz, U.S. sales manager; 312-627-6809.


Mitratech

3539 Motor Ave.,

Los Angeles, Calif. 90034;

310-280-0660; fax: 310-287-1455

www.mitratech.com

Parent: Mitratech Holdings Inc.

TeamConnect Enterprise

System requirements: IBM-compatible computer, Web-based.

Customization optional.

First installation: 1997.

Total installations: 48; 8 in corporate risk management departments.

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

Features: allocation of premiums, certificate tracking, claims administration, diary, first report of injury, incident reporting, litigation management, policy tracking, report generation, reserve tracking, risk analysis, safety and loss control.

Optional features: exchange server, Lotus, Palm.

User support: user groups/meetings, onsite training, telephone assistance available 24 hours a day.

Staff: 75 total, 50 professionals.

Clients: 4; 2 in corporate risk management departments.

Branch offices: Atlanta; Chicago; New York; Philadelphia.

2001 revenues: 40% software; 60% services.

Officers: Ladan Behnia, president; Arash Behnia, executive vp; Afshin Behnia, chief technology officer.

Contact: Ryan Filek, marketing coordinator; ryan.filek@mitratech.com.


OCI

2232 Dell Range Blvd., Suite 300,

Cheyenne, Wyo. 82009;

800-487-3718; fax: 307-634-0828

www.oci.com

Risk management systems since: 1984.

Parent: UnumProvident Corp.

IRIMS (Integrated Risk Management Information Services)

Price: $175,000.

System requirements: IBM-compatible computer, Windows.

Online system.

First installation: 1997.

Total installations: 11,000; 250 in corporate risk management departments.

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

Features: allocation of premiums, certificate tracking, charting/graphing, diary, exposure analysis, incident reporting, itigation 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, comparative benchmarking, data input wizard, data view application, disability reporting, integrated disability management, nonoccupational disability reporting.

Optional features: corporate health and safety, health and medical services, lost time and productivity benefits, risk predictive early referral application.

User support: telephone assistance available 12 hours a day, integrated analysis and consultation.

Staff: 65 total, 50 professionals.

Clients: 12; 12 in corporate risk management departments, 5 new systems in 2001.

Branch offices: Vallejo, Calif.; Cromwell, Conn.; Mount Olive, Miss.

2001 revenues: $8,400,000 total; $2,500,000 from risk management information systems; 100% services.

Officers: Dan Blaney, president; Chris Barlow, chief technical officer.

Contact: Manny Quintana, account executive consultant; 860-632-5888; manny_quintana@oci.com.


PerDatum Inc.

4098 Main St.,

Hilliard, Ohio 43214;

614-777-4636; fax: 614-777-4650

www.perdatum.com

Risk management systems since: 1994.

PROGNOS

Price: $25,000.

System requirements: IBM-compatible computer, Windows.

Customization optional.

First installation: 1994.

Total installations: 1,300.

Claims/coverage managed: workers compensation.

Features: check processing/writing, claims administration, charting/graphing, diary, 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, safety and loss control, incident investigation, medical case management, nurses log, transitional work management.

Optional features: audit logging, case management cost tracking, EDI, fee bill repricing, form 1099, legal management, nurses daily log, report maintenance, state first reports of injury, transitional work management.

User support: onsite training, telephone assistance available 10 hours a day.

Staff: 10 total, 10 professionals.

Branch offices: Columbus, Ohio.

2001 revenues: 75% software; 25% services.

Officers: Mark Tochtenhagen, president; Leo Renner, CFO; Mike Hedge, chief technology officer; Mark VerMeulen, vp-sales

and marketing.

Contact: Mark VerMeulen; 614-777-4636, ext. 206; markv@perdatum.com.


Copyright© 2002, 2003 Business Insurance