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Risk Management Systems & Online Resources

Spotlight Report December 7, 1998

Vendors E - F

Effisoft USA
Envision Technology Solutions L.L.C.
ESIS Inc.
Frasin Ltd.


Effisoft USA

250 Boylston St., Boston, Mass. 02116; 617-437-0660; fax: 617-437-0812

Risk management systems since: 1988.

Parent: Effisoft S.A.R.L.

Software products:

Gestrisk/Webrisk.

Price: $12,500.

System requirements: IBM-compatible PC system; operates in Windows.

Customization optional.

First installation: 1988.

Total installations: 120; 100 in corporate risk management departments.

Claims/coverages managed: General liability, property, casualty, workers comp, auto.

Features: Claims administration; loss development; loss forecasting; loss prevention; policy tracking; policy coverages and premiums; experience rating; reserve and payment tracking and triangulation; allocation of premium; certificate tracking; risk analysis; self-insured losses and policies; reporting with text or graphs with ability to report to Microsoft Word, Excel, Lotus, e- mail, HTML; diary ability; multilingual, including French, German, Spanish and Dutch; multicurrency; loss control; location values; contact address book.

User support: User groups/meetings*, onsite training*, telephone assistance eight hours per day*.

Staff: 30 total, 29 professionals.

Clients: 80 total, including 60 corporate risk management departments. Sold systems to 15 clients in 1997.

Branch offices: Boston; London; Paris; Amsterdam, Netherlands.

1997 revenues: $1.8 million total. $1.1 million from risk management information systems sales and service.

Officers: Marc Accos, Olivier Adler, Pascal Stopnicki.

Contact: Olivier Adler or Phil Monahan.

* Included in system price.

Envision Technology Solutions L.L.C.

6975 S. Union Park Center, Suite 120, Midvale, Utah 84047;

801-568-1818; fax: 801-586-5179

Risk management systems since: 1994.

Parent: CNA and Near North National Group.

Software products:

RiskEnvision.

System requirements: IBM-compatible PC system; operates in Windows.

Customization optional.

First installation: 1994.

Claims/coverages managed: General liability, property, workers comp, auto, professional liability.

Features: Claims administration; policy management; litigation tracking; loss reserve analysis; experience rate modification calculator; document linkage; payment processing; over 200 standard reports; diary, ToDO and log functionality. Optional modules include remote reporting capability through LAN, WAN and the Internet; option to purchase each module individually, including a professional liability module.

HealthVision.

System requirements: IBM-compatible PC system; operates in Windows.

Customization optional.

First installation: 1995.

Claims/coverages managed: General liability, workers comp, auto, professional liability.

Features: Claims administration; policy management; litigation tracking; loss reserve analysis; experience rate modification calculator; document linkage; payment processing; over 200 standard reports; diary, ToDo and log functionality. Optional modules include remote reporting capability through LAN/WAN and the Internet; tracks sentinel events, occurrence screens and potentially compensable exposures in real time; option of purchasing five modules individually.

CompVision.

Price: $3,995.

System requirements: IBM-compatible PC system; operates in Windows.

First installation: 1994.

Claims/coverages managed: Workers comp.

Features: First report of injury for all states; OSHA 200 log production; calculates and tracks experience modification rates; fax; e-mail; workers compensation cost-containment advisor, including lost work day calendar; claim status, including days open, days closed; ToDo and D-Day watch functions; query functions for common injury descriptions, medical glossary and abbreviations; lag time reporting. Optional modules include remote reporting capability through LAN, WAN, and the Internet.

User support: User groups/meetings*, onsite training**, telephone assistance nine hours per day**.

Staff: 30 total, 28 professionals.

Branch offices: Phoenix; Chicago; Nashville, Tenn.; Seattle.

Officers: Michael Segal, CEO/chairman; Eileen Oswald, senior vp/national sales manager; Scott Harper, senior vp-product development; Bob Carter, vp- professional services.

Contact: Michelle Bentley.

* RiskEnvision and HealthVision only. ** Included in system price.

ESIS Inc.

1601 Chestnut St., TL32G, Philadelphia, Pa. 19192-2325;

215-761-6779; fax: 215- 761-5476

Parent: INA Financial Services Corp.

Software products:

Risk Advantage Loss Management.

System requirements: IBM-compatible PC system; operates in Windows. Online system.

Customization optional.

First installation: 1998.

Total installations: 450; 350 in corporate risk management departments.

Claims/coverages managed: General liability, property, casualty, workers comp, auto.

Features: Property loss development; as-of, financial and repeater analysis; time duration; frequency and severity analysis; drill down; financial stratification; safety and loss control; insured and self-insured analysis; red flagging capability; claims data and real-time adjusters' notes access; downloading and exporting; ad hoc report generation.

User support: User groups/meetings, onsite training*, telephone assistance 12 hours per day*.

Staff: 60 total, 55 professionals.

Clients: 2,500 total, including 500 corporate risk management departments. Sold systems to 400 clients in 1997.

1997 revenues: $175 million total. $18 million from risk management information systems service, 100% from software services.

Officers: Ray Hafner, president; Brian P. O'Hara, vp/CFO; Sharon E. Simpson, vp-sales; Jim Young, vp-claims; Larry Keough, vp-information products/services.

Contact: Larry Keough, 215-761-6767.

* Included in system price.

Frasin Ltd.

27/33 Artillery Lane, London E1 7LP, England; 171-661-2456; fax: 171-426-0409

Risk management systems since: 1996.

Parent: HSBC Gibbs.

Software products:

SOFWIN.

Price: $150.

System requirements: IBM-compatible PC system; operates in Windows.

Customization optional.

First installation: 1997.

Total installations: Six; all in corporate risk management departments.

Claims/coverages managed: Fraud and computer crime; directors and officers liability; employment practices and professional liability.

Features: Identify and manage operational risk exposures; data collection; comparative tools to compare existing situation with ideal profile; exception reporting to determine security weaknesses; generates bond and computer crime insurance forms.

User support: User groups/meetings*, onsite training, telephone assistance*.

Staff: Five total, four professionals.

Clients: Six total, all corporate risk management departments.

Officers: Philip Martin, CEO; Keith Jones, chairman.

Contact: M. Jafri; Philip Martin.

* Included in system price.


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