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Entire contents Copyright © 1999 Business Insurance

Spotlight Report December 4, 1995
Risk Management Systems & Strategies

RMIS Vendors Q - Z

Risk Alert Inc.
Risk Enterprise Management Ltd.
Risk Sciences Group
Risk Technologies Inc.
Rollins Hudig Hall Groep bv
Sedgwick James Inc. - Information Systems Division
Seligman Information Systems
Specific Software Solutions Corp.
3R Co.
The Travelers Insurance Co.
Venture Group Inc.
WLT Software of Florida Inc.
Xordium Inc.

Risk Alert Inc.

201 Alhambra Circle, Suite 800
Coral Gables, Fla. 33134

305-444-3277; fax: 305-444-3181

Risk management systems since: 1989

Parent: Aon Corp

Branch offices: Chicago

Contact: Mat Rice, regional vp-sales, 312-456-8695


Staff: 18 total, all professionals.

Clients: 40 total, including 5 corporate risk management departments. Sold systems to 20 clients in 199

Officers: Imtiaz H. Sattaur, president; Corbette Doyle, president-Aon Alliance; Estee M. Wichterich, vp-client services.

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

*Initially included in system price, after 2nd year annual maintenance fee is charged at 20% of purchase price.

Software products:

Healthcare Advisor Series

Price: $20,000

System requirements: IBM compatible PC system. Operates in Windows.

First Installation: 1989

Total Installations: 50. Claims/coverages managed: General liability, property, casualty, workers comp, auto, medical malpractice.

Features: Claims administration, loss development/forecasting, policy tracking, reserve tracking, payment tracking, check processing, reporting, notes/diary function, litigation management, write-off tracking. Optional modules include risk management, claims management, UR, credentialing, patient relations, workers comp.


Risk Enterprise Management Ltd.

59 Maiden Lane
New York, N.Y. 10038

212-530-7473; fax: 212-530-3348

Risk management systems since: 1991

Branch offices: Brea, Calif.; Atlanta; Chicago; New York and Syracuse, N.Y.; Philadelphia; Nashville, Tenn.; Dallas.

Contact: Michael Black


Staff: 13 total, all professionals.

Clients: 279 total, including 223 corporate risk management departments. Sold systems to 67 clients in 1994

Officers: Peter Johnson, CEO; Chuck Callahan, COO; Joseph Campbell, executive vp; Stewart Nazzaro, Matt Craig, vps.

*Included in system price.

Software products:

Risk Options

Price: $10,000

System requirements: IBM compatible PC system. Operates in Windows.

First Installation: 1991.

Total Installations: 200; 40 in corporate risk management departments.

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

Features: Loss development, loss trending, report generation, data analysis, allocation of losses, downloading data bases, exports data to other PC formats. Optional modules include consolidation of data from multiple insurers.

HomeNet

System requirements: IBM compatible PC system. Operates in DOS. Online system.

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

Features: Claims administration, reserve tracking, adjusters notes. User support: On site training, telephone assistance eight hours per day*.


Risk Sciences Group

900 N. National Parkway
Suite 200
Schaumburg, Ill. 60173

708-619-2500; fax: 708-619-2534

Risk management systems since:

Parent: Crawford & Co.

Branch offices: San Francisco; Atlanta; Chicago; Minneapolis; Mahwah, N.J.; New York; Dallas; Seattle.

Contact: Wayne Radosky


1994 revenues: $17,500,000 total. $17,500,000 from risk management information systems sales and services, 30% from software sales, 70% from software services.

Staff: 165 total, 150 professionals.

Clients: 315 total, including 285 corporate risk management departments. Sold systems to 45 clients in 1994

Officers: Jack Tatum, president; Wayne Radosky, managing vp; Leo Jeffers, vp; Roger Dunkin, Rick Aman, assistant vps.

User support: User groups/meetings*, on site training*, telephone assistance 10 hours per day*, custom programming*, software enhancements*.

*Included in system price.

Software products:

SIGMA

Price: $29,000

System requirements: IBM compatible PC system. Mainframe. Operates in DOS or Windows. Online system.

Customization
optional.

First Installation: 1978

Total Installations: 289; 261 in corporate risk management departments.

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

Features: Incident, occurence and claims management; user-defined claim selection; on-line claim history and loss analysis; notes and diary; user-defined loss runs; safety analysis; frequency and severity rankings; ad hoc reporting; GASB and FASB compliance; allows for remote access via laptop computers and downloading report to PC; electronic mail; quantitive analysis and risk/data management consulting. Optional modules include data consolidation and code mapping from multiple sources, non-claim database creation and integration, loss forecasting, cost of risk/premium allocations, self-administration, OSHA 200 reporting, litigation management system, managed care tracking, self-insured regulatory reporting, loss development analysis, custom claim/RMIS software development.


Risk Technologies Inc.

2480 Highway 287 N.
Mansfield, Texas 76063

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

Risk management systems since: 1988

Contact: Contact: R.J. Mallette.

User support: User groups/meetings, on site training*, telephone assistance 11 hours per day*.


1994 revenues: 15 % from hardware sales, 60% from software sales, 25% from software services.

Staff: 12 total, 9 professionals.

Clients: 253 total. Sold systems to 27 clients in 1994

Officers: Chuck Allen, president; R.J. Mallette vp-product development, Ron Watts, vp-customer services.

*Included in system price.

Software products:

RiskVision

Price: $7,500-$125,000

System requirements: IBM compatible PC system. Operates in DOS, Windows or Windows NT. Online system.

Customization optional.

First Installation: 1988.

Total Installations: 112; all in corporate risk management departments.

Claims/coverages managed: General liability, property, casualty, workers comp, auto, student injuries, medical malpractice, 24 hour.

Features: Claims administration and check processing, vendor management, custom and ad hoc report generation, data export, remote access, reserve worksheets, notes and diary, premium and policy management, cost allocation, loss development, loss control and OSHA reporting/record keeping, state fee schedule verification and payment discounting, form letter generator.

RiskVision TPA

Price: $25,000-$150,000

System requirements: IBM compatible PC system. Operates in DOS, Windows, Windows NT or UNIX. Online system.

Customization optional.

First Installation: 1988

Total Installations: 18; 9 in corporate risk management departments.

Claims/coverages managed: General liability, property, casualty, workers comp, auto, student injuries, medical malpractice, 24 hour.

Features: Claims administration, check processing, vendor management, integrated invoicing and accounting, TPA office management, electronic mail, generation of statutory forms and reports, state fee schedules, integration with medical cost management vendors, custom and ad hoc reports, data export, remote access, reserve worksheets, diary and calendar functions, exposure information management, premium and policy management, cost allocation, loss development, loss control, OSHA reporting/record keeping, form letter generator.

RiskVision EAS

Price: $3,500-$8,500
System requirements: IBM compatible PC system. Operates in Windows or Windows NT. Online system.

Customization optional.

First Installation: 1992

Total Installations: 23; 15 in corporate risk management departments.

Features: Executive analysis system that can be integrated with other RiskVision products.


Rollins Hudig Hall Groep bv

16 Marconistraat
Rotterdam, Netherlands

31-10-448-8911; fax: 31-10-477-1551

Risk management systems since: 1989

Parent: Aon Corp

Branch offices: Antwerp, Belgium; Copenhagen, Denmark; London; Paris; Monham, Germany; Milan, Italy; Lisbon, Portugal; Madrid, Spain; Lucerne, Switzerland.

Contact: Neil Harrison, European coordinator-risk information consulting, 31-10-448-7367 or 44-171-705-7519.


Staff: 15 total, 12 professionals.

Clients: 120 total, all corporate risk management departments. Sold systems to 30 clients in 1994

User support: On site training*, telephone assistance 10 hours per day*, manuals and documentation*.

*Included in system price.

Software products:

ALARM & CAIRO

Price: $12,000

System requirements: IBM compatible PC system. Operates in DOS, Windows. Online system.

Customization optional.

First Installation: 1990

Total Installations: 120, all in corporate risk management departments.

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

Features: Loss/claim registration and input; analytical, reporting and graphics capabilities, premium and policy management, multi lingual and multi currency.


Sedgwick James Inc. - Information Systems Division

1290 Ave. of the Americas
New York, N.Y. 10104

212-830-1178; fax: 212-830-1372

Risk management systems since: 1979

Parent: Sedgwick Group P.L.C.

Branch offices: 76 nationwide

Contact: Alan R. Josefsek


Staff: 11 total, all professionals

Clients: 70 total, including 20 corporate risk management departments. Sold systems to 5 clients in 1994

Officers: Jane Hill Flemming, corporate senior vp/director-risk services; Alan R. Josefsek, managing director-information systems

User support: On site training*, telephone assistance 10 hours per day*.

*Included in system price.

Software products:

Inform for Windows

Price: $30,000

System requirements: IBM compatible PC system. Operates in Windows or UNIX. Online system.

Customization optional

First Installation: 1979

Total Installations: 70; all in corporate risk management departments.

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

Features: Color graphics, claims management, premium allocations management, actuarial loss forecasting, exposure tracking, customized and ad hoc reports, risk finance, risk control.


Seligman Information Systems

234 Garden St.
Roslyn Heights, N.Y. 11577

516-484-5177; fax: 516-621-2154

Risk management systems since: 1985


Clients: 300 total

Officers: Thomas Seligman

User support: Telephone assistance 12 hours per day, training, consultation.

*Included in system price.

Software products:

CTRACK-Certificates of Insurance Tracking

Price: $695

System requirements: IBM compatible PC system. Operates in DOS, Windows or OS/2.

Customization optional

First Installation: 1988

Total Installations: 180; 150 in corporate risk management departments.

Features: Tracks certificates received; follows up for renewal certificates as policies expire; management reports for tracking past, current and future activity; provides access to A.M. Best ratings for all property/casulaty insurance companies.

Advanced CTRACK - Certificates of Insurance Tracking

Price: $1,195

System requirements: IBM compatible PC system. Operates in DOS, Windows or OS/2.

Customization optional

First Installation: 1989

Total Installations: 80; 70 in corporate risk management departments

Features: Includes same features as basic CTRACK plus automatic checking of certificates for compliance with requirements, checks and records coverage clauses and policy limits, tracks and verifies any type of form such as OSHA safety forms and drug testing forms.

ACCESS-The Claims Information System

Price: $5,000

System requirements: IBM compatible PC system. Operates in DOS, Windows or OS/2.

Customization optional

First Installation: 1986

Total Installations: 18; 6 in corporate risk management departments

Features: Full featured risk management information system for organizations managing insured accounts, providing third party administration or those self administered. Full financial and safety reporting, check/voucher writing system available for users issuing payments.

CERTS-Certificates of Insurance Issuing

Price: $1,900

System requirements: IBM compatible PC system. Operates in DOS, Windows or OS/2.

Customization optional

First Installation: 1987

Total Installations: 15; 10 in corporate risk management departments.

Features: Designed to issue large volumes of certificates of insurance forms 25 and 25S as well as custom forms and letters; maintains an audit trail of certificates issued; management reports aid the issuing process.


Specific Software Solutions Corporation

P.O. Box 359
Antioch, Tenn. 37011-0359

800-929-4052; fax: 615-793-7962

Risk management systems since: 1991

Contact: Timothy L. Coomer


Clients: 1,000 total, including 200 corporate risk management departments. Sold systems to 50 clients in 1994

Officers: Timothy L. Coomer, president; Al Rhodes, vp; Sandy Coomer, secretary

User support: Telephone assistance 10 hours per day*.

*Included in system price.

Software products:

ModMaster 2000

Price: $395

System requirements: IBM compatible PC system. Operates in Windows.

Customization optional

First Installation: 1991

Total Installations: 1,500; 300 in corporate risk management departments.

Claims/coverages managed: Workers comp.

Features: Computes workers compensation modification factors; reporting and graphing options available.


3R Co.

631 Durham Road
Sayville, N.Y. 11782

516-589-8515

Risk management systems since: 1985


Officers: Joseph A. Rinaldi, owner/consultant

User support: Telephone assistance one hour per day*.

*Included in system price.

Software products:

Triangle Analysis

Price: $750

System requirements: IBM compatible PC system. Operates in DOS only.

Customization optional.

First Installation: 1985

Total Installations: 11; three in corporate risk management departments.

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

Features: Loss development, loss reserve tracking, inflation trending, cost of risk forecasting; user-friendly, including one-touch graphics and color. Optional modules include premium adjustment module (for retro programs) and loss rating module.


The Travelers Insurance Co.

1 Tower Square, 9CR
Hartford, Conn. 06183

203-277-2770; fax: 203-277-2876

Risk management systems since: 1983

Parent: The Travelers Group Inc.

Branch offices: Los Angeles

Contact: Matt Carden


Staff: 100 total, 78 professionals.

Clients: 1,709 total, including 612 corporate risk management departments. Sold systems to 258 clients in 1994

Officers: Jack Gardner, vp; Matt Carden, second vp.

User support: User groups/meetings*, on site training*, telephone assistance 10 hours per day*, quarterly newsletter*, assigned account information representative*.

*Included in system price.

Software products:

CARMA/CARMA On-Line

System requirements: IBM compatible PC system. Operates in DOS, Windows or OS/2. Mainframe/timeshare system that can be accessed by single user or network.

Customization optional.

First Installation: 1983

Total Installations: 1,709; 612 in corporate risk management departments.

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

Features: Claims management/loss analysis, including adjusters notes, workers compensation lost time analysis, loss development and forecasting, loss prevention, reserve tracking, premium allocation, risk analysis, self-insurance comparison and analysis, loss trending, safety and loss control, ad hoc reporting, ability to take in data from other sources (prior carrier/TPA/self-administered data). Insurance and risk management analysis available through actuarial, loss control/safety, claim and underwriting staff, all accessing same information source as client and broker. Optional modules include exposure, policy, certificates of insurance, OSHA, managed care, litigation.


Venture Group Inc.

3840 Myers St.
Riverside, Calif. 92503

909-352-9334; fax: 909-352-9393

Risk management systems since: 1986

Contact: Niles Haton or Jim Bradley

User support: User groups/meetings*, on site training*, telephone assistance 24 hours per day*

*Included in system price.


1994 revenues: $1.5 million total, $1.2 million from risk management information systems sales and services, 10% from hardware sales, 85% from software sales, 5% from software services.

Staff: 14 total, 7 professionals.

Clients: 25 total, all corporate risk management departments.

Officers: Niles Haton, chairman.

Software products:

VGI Workers Comp Claims Management System

Price: $70,000

System requirements: IBM compatible PC system. Operates in DOS, Windows or UNIX.

Customization optional

First Installation: 1989

Total Installations: 68; 32 in corporate risk management departments.

Claims/coverages managed: General liability, workers comp.

Features: First report of injury; OSHA reporting; claims management; payment processing; property interlinking; litigation/investigation tracking; generation of 1099; diary feature; reserving/trust fund accounting; state, monthly, pre-formatted and ad hoc reporting; credentialing; automated data import and export available. Optional modules include professional medical malpractice management.


WLT Software of Florida Inc.

831 N. Hercules Ave.
Clearwater, Fla. 34625

813-442-9296; fax: 813-443-4936

Risk management systems since: 1985

Contact: Thomas Brooks


Officers: William Tiner, president; Ann M. Tiner, executive vp; Thomas Brooks, vp-sales; Chuck Brooks, marketing manager.

User support: User groups/meetings, on site training, telephone assistance nine and a half hours per day.

*Included in system price.

Software products:

CompClaims

System requirements: IBM compatible PC system. Operates in DOS or Windows.

Customization optional

First Installation: 1985

Claims/coverages managed: Workers comp.

Features: Workers compensation claims administration, including reinsurance tracking; accounting; fee schedule and PPO processing; billing; claims processing; attorney tracking; management; adminstrative, government and safety engineering/cost management reporting; bill review; 24 hour coverage and online documentation.


Xordium Inc.

P.O. Box 10
Orange, Calif. 92666

714-771-3733; fax: 714-771-1579

Risk management systems since: 1991

Contact: Karen Gillett

User support: On site training, telephone assistance eight hours per day*.

*Included in system price.


1994 revenues: $250,000 total. $10,000 from risk management information systems sales and services, 100% from software sales.

Staff: Three total, one professional.

Clients: Eight total. Sold systems to three clients in 1994

Officers: Karen Gillett, president; Fred Gillett, executive vp.

Software products:

Risk Controller

Price: $4,000

System requirements: IBM compatible PC system. Operates in DOS only.

Customization optional

First Installation: 1991

Total Installations: 8; one in corporate risk management department.

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

Features: Manages insurance policies, certificates issued and received, job descriptions, training, equipment, personnel, incident reporting, statistical analysis, inspections, equipment maintenance, medical surveillance requirements, environmental/hazardous materials monitoring, licensing requirements. Can be customized for special report generation, data analysis and loss trend reports.