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Risk Management Systems & Strategies
Spotlight Report December 2, 1996

Vendors "N-P"

Near North Risk Technologies
NicholSelect
PerDatum Inc.
PLATINUM Technology Inc.
Premium Review Associates
Progressive Data Solutions Inc.
Pyramid Services Inc.
Copyright© 1996, 1997 Business Insurance

Near North Risk Technologies

  • 875 N. Michigan Ave., Chicago, Ill. 60611; 800-994-9440; fax: 312-915-4691

    Risk management systems since: 1996.

    Parent: Near North National Group.

    Software products:

    Certificate Management.

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

    Customization optional.

    First installation: 1995.

    Total installations: 20; all in corporate risk management departments.

    Features: Tracks information for certificates of insurance; ensures coverage and limit compliance; generates renewal notices, cancellation letters and certificate received acknowledgement letters; custom/standard report generation; automated archiving; historical conversion available.

    User support: Onsite training*, telephone assistance 24 hours per day*.

    Software products:

    HealthVision.

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

    Customization optional.

    First installation: 1995.

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

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

    Features: Claim administration, policy tracking, experience rating, reserve tracking, premium allocation, risk analysis, self-insurance comparisons, diary, loss trending, safety and loss control, incident reporting, custom/standard report generation, data analysis, check processing, litigation management.

    User support: Onsite training, telephone assistance nine hours per day*.

    Software products:

    WorldLink.

    Price: $475**.

    System requirements: IBM compatible PC system; Macintosh PC; operates on World Wide Web. Online system.

    Customization optional.

    First installation: 1996.

    Total installations: 12 in corporate risk management departments.

    Features: Database featuring recent insurance changes, general insurance, property/casualty regulations, bonding and marine regulations, captive domiciles, social security legislation; customized desktop report capabilities.

    User support: E-mail assistance.

    Staff: 19 total, 18 professionals.

    Clients: 26 total, including 25 corporate risk management departments. Sold systems to 26 clients in 1995.

    Officers: Michael Segal, president/CEO-Near North National Group; Steve Coleman, executive, vp/managing director-Near North National Group; Eileen Oswald, COO-Near North Risk Technologies.

    Contact: Certificate Management: Jan Milwood, 312-280-1623; Health Vision: Stacey Healy, sales manager, 312-280-3825; WorldLink: Elizabeth Demaret, 312-280-7137 or Linda Nickel, 312-280-3928.

    • Included in system price.
    • * Price per World Wide Web subscription.

NicholSelect

  • 6360 I-55 North, Suite 300; Jackson, Miss. 39211; 601-957-7400; fax: 601-957-9492

    Risk management systems since: 1982.

    Parent: Nichols Research Corp.

    Software products:

    PACCASSO.

    Price: $100,000.

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

    Customization optional.

    First installation: 1982.

    Total installations: 55; 10 in corporate risk management departments.

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

    Features: Claims administration, check production, experience rating, policy tracking, reinsurance reporting, reserve tracking, diary and notes, incident reporting, loss development triangle reports, earning of premium/loss ratio reports, comprehensive statistical reports, repeaters reports, severity reports, subrogation/salvage reports, litigation tracking. Optional modules include utilization review engine, first report of injury, EDI reporting to state.

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

    Staff: 321 total, 280 professionals.

    Clients: 55 total. Sold systems to 10 clients in 1995.

    Branch offices: Birmingham, Ala.

    1995 revenues: 10% from hardware sales, 50% from hardware sales, 40% from software services.

    Officers: Tom Patterson, president; Ken Walz, vp-property/casualty services.

    Contact: Ira Harvel.


PerDatum Inc.

  • 4098 Main St., Hilliard, Ohio 43026; 614-777-4636; fax: 614-777-4650

    Risk management systems since: 1995.

    Software products:

    PROGNOS-IR

    Price: $1,000.

    System requirements: IBM compatible PC system; operates in Windows, Windows '95 or Windows NT.

    First installation: 1995.

    Total installations: 130; 97 in corporate risk management departments.

    Claims/coverages managed: Workers comp.

    Features: Manages information associated with safety and workers' compensation programs; claims administration; loss development; loss forecasting; loss prevention; safety and loss control; policy and reseve tracking; first report of injury including, form IA-1, OSHA forms 101/200; frequency and severity rates; employee/facility/provider databases, diary system; custom notifications; summary cost recording and allocation; claim specific and summary reporting; user defined queries for statistics on return-to-work and cost; interacts with open database connectivity (ODBC) compliant applications. Optional modules include multiple facility management, employee health, training program management, legal case management, electronic data interchange.

    User support: Onsite training, telephone assistance 10 hours per day.

    Software products:

    PROGNOS-WC.

    Price: $10,000.

    System requirements: IBM compatible PC system; operates in Windows, Windows '95 or Windows NT.

    First installation: 1995.

    Total installations: 26; 16 in corporate risk management departments.

    Claims/coverages managed: Workers comp.

    Features: PROGNOS-IR features for safety and workers comp information management; itemized cost recording and allocation; tracking of diagnostic data; treatment plans and provider profiling; user defined queries for statistics on return-to work, cost and medical treatment duration and frequency. Optional modules include multiple facility management, employee health, training program management, legal case management, electronic data interchange.

    User support: Onsite training, telephone assistance 10 hours per day.

    Staff: Five total, all professionals.

    Clients: 32 total, including 26 corporate risk management departments. Sold systems to 32 clients in 1995.

    1995 revenues: 85% from software sales, 15% from software services.

    Officers: Mark S. Tochtenhagen, president; Leo E. Renner, CFO; Michael K. Hedge, chief engineer; Mark V. VerMeulen, vp-marketing; Dr. Sam E. Tochtenhagen, vp-medical services.

    Contact: Mark V. VerMeulen.


PLATINUM Technology Inc.

  • 1815 S. Meyers Road, Oak Brook, Ill. 60181; 630-620-5000

    Risk management systems since: 1996.

    Software products:

    PLATINUM RiskAdvisor.

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

    Customization optional.

    First installation: 1996.

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

    Features: More than 20 modules, including operating statement, account profile, in-force analysis, premium analysis, premium billings, commission analysis, broker profile, client profile, underwriter profile, new and renewal analysis, caseload management, loss analysis, claim profile, large loss alerts, direct incurred, frequency trends, severity trends, paid loss trends, salvage and subrogation trends, loss ratio trends.

    User support: User groups/meetings*, onsite training*, telephone assistance 24 hours per day*.

    Staff: 3,500 total

    Branch offices: 55 locations worldwide.

    1995 revenues: $276 million total.

    Officers: Andrew "Flip" Filipowski, CEO; Paul Humenansky, executive vp-product development/COO; Michael Cullinane, executive vp/CFO; Thomas Slowey, executive vp-sales; Michael Matthews, executive vp-marketing.

    Contact: Edward Vesely, vp-operations, platinum applications.

    * Included in system price.


Premium Review Associates

  • P.O. Box 7142, Nashua, N.H. 03000; 603-888-9361; fax: 603-891-0646

    Risk management systems since: 1985.

    Software products:

    EMS II.

    Price: $750.

    System requirements: IBM compatible PC system; operates in DOS.

    Customization optional.

    First installation: 1985.

    Total installations: 1,000; 250 in corporate risk management departments.

    Claims/coverages managed: Workers comp, auto.

    Features: Calculates workers compensation experience modification. Permits users to verify, predict and use "what if" scenarios on company's experience modification.

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

    Staff: Four total, three professionals.

    Clients: 200 total, including 50 corporate risk management departments. Sold systems to 50 clients in 1995.

    1995 revenues: 100% from software sales.

    Officers: Norman Goodman, president.

    * Included in system price.


Progressive Data Solutions Inc.

  • 1300 N. Semorau Blvd., Suite 200; Orlando, Fla. 32807; 407-382-5920; fax: 407-382-5925

    Risk management systems since: 1987.

    Software products:

    Workers Compensation Management System.

    Price: $50,000 to $100,000.

    System requirements: IBM compatible PC system; operates in DOS or Windows; AS/400 mainframe.

    Customization optional.

    First installation: 1987.

    Total installations: 45; eight in corporate risk management departments.

    Claims/coverages managed: Workers comp.

    Features: Policy administration, rating, quote, endorsement processing, agent assignments, commissions, experience modification, renewal, billing accounts receivable, claims maintenance, verified input, customized reserve, payment feature, recoveries, subrogation, SDF scheduled indemnity benefits, online history, bank reconciliation, check capability, document management. Optional modules include workers compensation managed care, reinsurance, EDI, notice of injury generation.

    User support: User groups/meetings, onsite training*, telephone assistance 10 hours per day.

    Software products:

    Workers Compensation Managed Care

    Price: $50,000 to $100,000.

    System requirements: IBM compatible PC system; operates in DOS or Windows; AS/400 mainframe.

    Customization optional.

    First installation: 1987.

    Total installations: 45, eight in corporate risk management departments.

    Claims/coverages managed: Workers comp.

    Features: Medical bill processing according to state fee schedule, state fee schedule ground rules, pre-certification, UR, PPO network management, accounts receivable, invoicing for fee-for-service, medical criteria, medical case management. Optional modules include workers compensation claims administration, EDI, notice of injury, electronic bill processing, document management.

    User support: User groups/meetings, onsite training*, telephone assistance 10 hours per day.

    Staff: 40 total, 25 professionals.

    Clients: 45 total, including 10 corporate risk management departments. Sold systems to eight clients in 1995.

    Branch offices: Atlanta.

    1995 revenues: $4.2 million total. $3.4 million from risk management information systems sales and services.

    Officers: Thomas Bittenbender, president; Jackie Janowiak, senior vp; Lorri Dapper, vp.

    Contact: Thomas Bittenbender.

    * Included in system price.


Pyramid Services Inc.

  • 90 Grove St., Suite 207, Ridgefield, Conn. 06877; 203-438-3883; fax: 203-438-7128

    Risk management systems since: 1988.

    Parent: Aon Corp.

    Software products:

    Pyramid and Pyramid for Windows.

    Price: $85,000.

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

    Customization optional.

    First installation: 1988.

    Total installations: 266; 132 in corporate risk management departments.

    Claims/coverages managed: General liability, property, workers comp, auto, product liability, medical claims, marine.

    Features: Risk management features include loss forecasting, certificates, actuarial models, exposure management, cost of risk allocation, policy management, report writer, excess insurance billings, safety audit tracking, executive information system, data consolidation services. Claims administration functions for all coverage include, first report of injury and loss processing, check writing, report writer, online payment and reserve history, medical fee schedule and medical case management. Optional modules include document imaging system for paperless office capability, integrated EDI solution.

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

    Staff: 67 total, 27 professionals.

    Clients: 185 total, including 132 corporate risk management departments. Sold systems to 42 clients in 1995.

    Branch offices: Los Angeles; Kansas City, Kan.; Ann Arbor, Mich.; Pittsburgh; Dallas.

    Officers: William Kuebler, CEO; James Hatch, president; Cathleen Nettune, vp; Dave Bartel, national accounts.

    Contact: Patricia Sojak, 203-438-3883 ext. 260.

    * Included in system price.