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Risk Management:  New Technologies  & Online Services

Spotlight Report December 13, 2004

Vendors Q - Z

Risk Sciences Group Inc.
Risk Technologies Inc.
Riskclick Inc.
St. Paul Travelers Cos. Inc.
Specific Software Solutions LLC.
TECNORisk L.L.C.
United Systems & Software Inc.
Valley Oak Systems Inc.
WLT Software

Risk Sciences Group Inc.

              Schaumburg, Ill. 60173;

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

              www.risksciencesgroup.com

Risk management systems since: 1978.

Parent: Crawford and Co.

Sigma Encore Suite

Primary purpose of system: risk analyst.

Price: $30,000 set-up fee and $25,230 annual support fee.

System requirements: Windows, Internet browser.

Online system.

Customization optional.

First installation: 1978.

Total installations: 4,397; 4,397 in corporate risk management departments.

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

Features: certificate issuance, certificate tracking, check processing/writing, claims administration, charting/graphing, diary, exposure analysis, incident reporting, litigation management, loss development, 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, automatic report scheduling and distribution; file attachment; HTML reporting; instant e-mail; loss triangulation; recommendations tracking.

Optional features: allocation of premium or cost of risk, first report of injury sent electronically to claims handlers, loss forecasting, self-insured state reporting.

User Support: user groups/meetings, onsite training, available 10 hours a day, telephone assistance after-hours account support, 10 hours per month account support, unlimited technical support.

Staff: 91 total, 79 professionals.

Clients: 379; 371 in corporate risk management departments, 19 new systems in 2003.

Branch offices: San Francisco; Atlanta; Chicago; New York; Dallas.

2003 revenues: $16,400,000 total; $16,400,000 from risk management information systems; 100% services.

Officers: Thomas Crawford, chairman/CEO-Crawford and Co.; Michael E. Saladino, senior vp/managing director.

Contact: Kenneth C. Ancona, national marketing manager; 800-619-0224, ext. 2525; ken_ancona@us.crawco.com.


Risk Technologies Inc.

              2363 Highway 287 N, Suite 100,

              Mansfield, Texas 76063;

                   817-477-2197; fax: 817-478-2044

              www.riskvision.com

Risk management systems since: 1988.

RiskVision

Primary purpose of system: risk analyst, claims management.

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

System requirements: Windows, Internet browser.

Online system.

Customization optional.

First installation: 2000.

Total installations: 5; 5 in corporate risk management departments.

Claims/coverage managed: general liability, workers compensation, property, auto, accident & health, hospital incidents, injury benefits, medical malpractice, U.S. Longshore and Harbors Workers Compensation Act.

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, 1099 reporting, asset management, cost containment/bill review, document management, internal and external interfaces (accounting, human resources, state electronic data interchange.

Optional features: data conversion services including scheduled updates from TPAs, insurance companies and other outside data sources.

User Support: user groups/meetings, onsite training, telephone assistance available 10 hours a day, online support.

Staff: 20 total, 16 professionals.

Clients: 5; 5 in corporate risk management departments, 3 new systems in 2003.

Branch offices: Los Angeles; Houston.

2003 revenues: 65% software; 35% services.

Officers: Chuck Allen, president; Ron Watts, vp.

Contact: Ron Watts; 817-477-2197, ext. 2318; ron_watts@riskvision.com.


RiskClick Inc.

              114 E. 32nd St., Suite 401,

              New York, N.Y. 10016;

                   646-452 8181; fax: 646-452 8188

              www.riskclick.com

Risk management systems since: 2000.

Riskclick

Primary purpose of system: claims management.

Price: $50,000 per company; $1,500 per user.

System requirements: Windows.

Online system.

Customization optional.

First installation: 2000.

Total installations: 5,024; 519 in corporate risk management departments.

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

Features: allocation of premiums, certificate issuance, certificate tracking, claims administration, exposure analysis, first report of injury, incident reporting, litigation management, loss development, policy tracking, quotation data fact sheet of coverage perils/terms, reserve tracking, safety and loss control, document management, configurable workflow management, e-mail tracking/automated filing, internal and external collaboration, records retention management, Web service integration with counterparties.

Optional features: business process management engine.

User Support: user groups/meetings, onsite training, telephone assistance available 13 hours a day.

Staff: 47 total, 26 professionals.

Clients: 173; 23 in corporate risk management departments, 21 new systems in 2003.

Branch offices: London.

Officers: James F DeSocio, CEO; Howard Green, president; Michael Melisi, vp-sales.

Contact: James F. DeSocio, jdesocio@riskclick.com; Michael Melisi, mmelisi@riskclick.com.


St. Paul Travelers Cos. Inc.

              1 Tower Square,

              Hartford, Conn. 06183;

                   860-277-2770; fax: 860-277-2876

              www.travelers.com/commercial/rmis/

Risk management systems since: 1983.

e-CARMA

Primary purpose of system: risk analyst, claims management.

System requirements: Internet browser.

Online system.

Customization optional.

First installation: 1983.

Total installations: 10,165; 10,055 in corporate risk management departments.

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

Features: allocation of premiums, charting/graphing, 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, benchmarking analysis, managed care reports.

Optional features: initial notice of loss reporting.

User Support: user groups/meetings, onsite training, telephone assistance available 13 hours a day, newsletter.

Staff: 102 total, 83 professionals.

Clients: 1,563; 1,546 in corporate risk management departments, 374 new systems in 2003.

Branch offices: Los Angeles; Chicago; St. Paul, Minn.; Dallas.

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

Contact: Matthew L. Carden; mcarden@travelers.com.


Specific Software Solutions LLC.

              P.O. Box 1007,

              Brentwood, Tenn. 37027;

                   800-929-4052; fax: 615-376-5117

              www.specificsoftware.com

Risk management systems since: 1991.

ModMaster Suite

Primary purpose of system: risk analyst.

Price: $499 to $1,498.

System requirements: Windows.

Customization optional.

First installation: 1991.

Total installations: 1,500; 200 in corporate risk management departments.

Claims/coverage managed: general liability, workers compensation.

Features: risk analysis, self-insurance comparisons and analysis, workers compensation experience rate modification calculation.

User Support: onsite training, telephone assistance available 8 hours a day.

Staff: 8 total, 8 professionals.

Clients: 2,000; 200 in corporate risk management departments, 200 new systems in 2003.

2003 revenues: 80% software; 20% services.

Officers: Timothy Coomer, CEO; Al Rhodes, president; Kory Wells, director.

Contact: Tim Coomer, 800-929-4052, ext. 203; tlc@specificsoftware.com.


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: 1995.

TECNOClaims

Primary purpose of system: risk analyst, claims management.

Price: $50,000.

System requirements: Windows.

Customization optional.

First installation: 1995.

Total installations: 182; 166 in corporate risk management departments.

Claims/coverage managed: general liability, marine.

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; screens and reporting designed specifically for marine claims including cargo, hull and machinery, Jones Act, passenger injury and pollution.

Optional features: TECNOSafety and Shipboard System to record accidents and near misses.

User Support: user groups/meetings, onsite training, telephone assistance available 12 hours a day, online training.

TECNOSafety & Shipboard

Primary purpose of system: claims management, shipboard accident, investigation and audit management.

Price: $7,500.

System requirements: Windows.

Customization optional.

First installation: 2003.

Total installations: 34; 16 in corporate risk management departments.

Claims/coverage managed: general liability, marine.

Features: claims administration, charting/graphing, diary, first report of injury, incident reporting, loss prevention, OSHA recordkeeping/reporting, report generation, risk analysis, safety and loss control, corrective action and follow-up management, incident tracking, internal and external audit tracking, U.S. Coast Guard 2692 reporting.

Optional features: TECNOClaims.

User Support: user groups/meetings, onsite training, telephone assistance available 12 hours a day, online training.

Staff: 5 total, 5 professionals.

Clients: 25; 20 in corporate risk management departments, 6 new systems in 2003.

2003 revenues: 60% software; 40% services.

Officers: Roger G. Phillips, president; Liz Seymour, vp.

Contact: Liz Seymour; elizabethseymour@tecnorisk.com.


United Systems & Software Inc.

              255 Primera Blvd., Suite 160,

              Lake Mary, Fla. 32746;

                   407-575-2120; fax: 407-875-9600

              www.ussincorp.com

Risk management systems since: 1979.

Workers Compensation Administration System

Primary purpose of system: claims management, workers compensation administration.

Price: $300,000.

System requirements: IBM AS/900 iSeries eServer.

Online system.

Customization optional.

First installation: 1990.

Total installations: 15; 4 in corporate risk management departments.

Claims/coverage managed: general liability, workers compensation.

Features: allocation of premiums, certificate issuance, check processing/writing, claims administration, diary, exposure analysis, first report of injury, incident reporting, litigation management, loss forecasting, loss trending, OSHA recordkeeping/reporting, policy tracking, report generation, quotation data fact sheet of coverage perils/terms, reserve tracking, safety and loss control, self-insurance comparisons and analysis.

Optional features: automated printing processing system, NCCI reporting, remote audit wizard.

User Support: user groups/meetings, onsite training, telephone assistance available 8 hours a day, online support.

Staff: 32 total, 24 professionals.

Clients: 15; 4 in corporate risk management departments.

Branch offices: Jacksonville, Fla.

Officers: David Franze, president; Troy Schake, vp-sales and marketing.

Contact: Bay Paul, marketing coordinator; bpaul@ussincorp.com.


Valley Oak Systems Inc.

              5000 Executive Parkway, Suite 340,

              San Ramon, Calif. 94583;

                   925-242-4600; fax: 925-901-1020

              www.valleyoak.com

Risk management systems since: 1994.

IVOS Claims Management Software

Primary purpose of system: claims management, bill review.

System requirements:  Internet browser.

Online system.

Customization optional.

First installation: 1995.

Total installations: 1,600; 1,200 in corporate risk management departments.

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

Features: allocation of premiums, certificate issuance, check processing/writing, claims administration, charting/graphing, diary, exposure analysis, first report of injury, incident reporting, litigation management, loss prevention, OSHA recordkeeping/reporting, policy tracking, report generation, reserve tracking, risk analysis, safety and loss control, self-insurance comparisons and analysis, workers compensation experience rate modification calculation, claim e-mail, guest link, report distribution.

Optional features: event or incident reporting module.

User Support: user groups/meetings, onsite training, telephone assistance* available 13 hours a day.

Staff: 52 total, 50 professionals.

Clients: 80; 80 in corporate risk management departments.

Branch offices: Mission Viejo, Calif.; Hamden, Conn.; Lithia, Fla.; Saline, Shelby Township and Warren, Mich.; Cleveland; Elkins Park, Pa.; Charleston, S.C.

Officers: Randy Wheeler, CEO; Bob Faulhaber, president; Brian Mack, vp-sales and marketing.

Contact: Brian Mack; bmack@valleyoak.com.

*8 a.m. Eastern Standard Time to 6:00 p.m. Pacific Standard Time.


WLT Software

              831 N. Hercules Ave.,

              Clearwater, Fla. 33765;

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

              www.wltsoftware.com

Risk management systems since: 1979.

CompClaims for Windows

Primary purpose of system: claims management.

System requirements: Windows, Linux, Unix.

Customization optional.

First installation: 1981.

Claims/coverage managed: workers compensation, occupational accident, disability.

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, 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, EDI, integrated bill review module.

Optional features: scanning.

User Support: user groups/meetings, onsite training, telephone assistance available 11 hours a day, online support.

Staff: 35 total, 29 professionals.

Officers: Tom Brooks, president; Chuck Brooks, executive vp; Michelle Van Etten, vp-finances.

Contact: Tom Brooks; tbrooks@wltsoftware.com.


Copyright© 2004 Business Insurance