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Risk
Enterprise Management Ltd. (REM)
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59 Maiden Lane, New York, N.Y. 10038;
800-347-2599; fax: 800-634-0425
Risk management systems since: 1991.
Software products:
RiskOptions.
Price: $5,200*.
System requirements: IBM compatible PC
system; operates in Windows. Online system.
Customization optional.
First installation: 1991.
Total installations: 200; 40 in
corporate risk management departments.
Claims/coverages managed: General
liability, property, casualty, workers comp, auto.
Features: Loss development and
trending, report generation, data analysis, allocation of losses,
downloading databases, exports data to other PC formats. Optional
modules include consolidation of data from multiple insurers.
Software products:
REMnet.
System requirements: IBM compatible PC
system; operates in Windows. Online system.
Customization optional.
First installation: 1991.
Total installations: 200; 86 in
corporate risk management departments.
Claims/coverages managed: General
liability, property, casualty, workers comp, auto.
Features: Claims administration
reserve tracking, interactive adjusters notes.
User support: Onsite training**,
telephone assistance 12 hours per day**.
Staff: 20 total, all professionals.
Clients: 450 total.
Branch offices: Brea, Calif.; Atlanta;
Chicago; New York and Syracuse, N.Y.; Philadelphia; Nashville.
1995 revenues: $127.8 million total.
Officers: Peter Johnson, CEO; Chuck
Callahan, COO; Joseph Campbell, Richard Hershman, Mike Riney,
executive vps; Matt Craig, vp.
Contact: Bill Cassidy.
- REMnet product included.
- * Included in system price.
Risk
Laboratories Inc.
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1144 Canton St., Suite 103, Roswell, Ga. 30075;
770-642-1109; fax: 770-643-9908
Risk management systems since: 1994.
Software products:
RiskFolio.
System requirements: IBM compatible PC
system; operates in Windows.
Customization optional.
First installation: 1994.
Claims/coverages managed: General
liability, property, workers comp, auto, other industry coverages.
Features: Ad hoc analysis, premium
allocation and budgeting, aggregate analysis of limits and
retentions, acquisition and divestiture analysis, international
program analysis, reinsurance (captive) cession analysis, cost of
risk analysis; loss analysis, including claims triangulation and
development; administrative functions, including claims
management, litigation management, generation of workers comp
first reports of injury; claims reporting; scheduling; note
system/diary; certificate processing; imaging system; detailed
policy tracking; detailed exposure tracking. Optional modules may
be customized to meet the needs of specific clients or industries.
User support: User groups/meetings,
onsite training*, telephone assistance*.
Officers: George B. Netherton,
president; Robert C. Morrell, vp-research/development; Casey
Schmidt, vp-marketing.
Contact: Casey Schmidt.
* Included in system price.
Risk
Technologies Inc.
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2480 Highway 287 N., Mansfield, Texas 76063;
817-477-2197; fax: 817-473-7610
Risk management systems since: 1988.
Software products:
RiskVision.
Price: $7,000 to $125,000.
System requirements: IBM compatible PC
system; operates in DOS, Windows or various network platforms.
Online system.
Customization optional.
First installation: 1988.
Total installations: 162, all in
corporate risk management departments.
Claims/coverages managed: General
liability, property, casualty, workers comp, auto, student
injuries, medical malpractice, 24-hour accident/health.
Features: Claims administration and
check processing, custom claim input screens that mimic input
document, laser check writing, vendor management and electronic
transmission of 1099 information to IRS, electronic bank
reconciliation transmissions and imprest fund management, custom
reports, ad hoc report generation, report writer, data
export/import, remote access, portability to laptop PCs, reports
to diskette, reserve worksheets, notes and diary routines,
exposure information management, premium management, policy
management, cost allocation, loss development and control, OSHA
reporting/record keeping, state fee schedule verification and
payment discounting, form letter generation.
RiskVision TPA.
Price: $25,000 to $150,000.
System requirements: IBM compatible PC system; operates in DOS,
Windows or various network platforms. Online system.
Customization optional.
First installation: 1988.
Total installations: 30; 12 in
corporate risk management departments.
Claims/coverages managed: General
liability, property, casualty, workers comp, auto, student
injuries, medical malpractice, 24-hour accident/health.
Features: Same features as RiskVision
plus integrated time and billing, invoicing and accounting, TPA
office management, electronic mail, generation of state required
forms and reports, state fee schedules or integration medical cost
management service providers.
RiskVision EAS.
Price: $4,500 to $18,500.
System requirements: IBM compatible PC
system; operates in Windows, Windows for WorkGroups or Windows NT.
Online system.
Customization optional.
First installation: 1992.
Total installations: 38; 21 in
corporate risk management departments.
Features: Executive analysis system
adaptable to any RiskVision claims gathering product.
User support: User groups/meetings,
onsite training*, telephone assistance 11 hours per day*.
Staff: 12 total, nine professionals.
Clients: 233 total, including 31
corporate risk management departments.
1995 revenues: 15% from hardware
sales, 60% from software sales, 25% from software services.
Officers: Chuck Allen, president; R.J.
Mallette, vp-product development/marketing; Ron Watts, vp-customer
services.
Contact: R.J. Mallette.
* Included in system price.
Sedgwick
James Inc.-- Information Systems Division
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300 Broadhollow Road, Suite 201, Melville, N.Y.
11747; 516-425-3224; fax: 516-427-9556
Risk management systems since: 1979.
Parent: Sedgwick Group P.L.C.
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, workers comp, auto, crime.
Features: Color graphics, claims
management, premium allocation management, actuarial loss
forecasting, exposure tracking, customized/ad hoc reports, risk
finance, risk control.
User support: User groups/meetings*,
onsite training*, telephone assistance 10 hours per day*, RMIS
consulting*.
Staff: 14 total, 13 professionals.
Clients: 130 total, including 20
corporate risk management departments. Sold systems to 60 clients
in 1995.
Branch offices: 76 offices nationwide,
including Puerto Rico.
Officers: Jane Hill Fleming, corporate
senior vp/director-risk services; Alan R. Josefsek, managing
director-information systems.
Contact: Alan R. Josefsek.
* Included in system price.
Seligman
Information Systems
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234 Garden St., Roslyn Heights, N.Y. 11577;
516-484-5177; fax: 516-621-2154
Risk management systems since: 1985.
Software products:
CTRACK-Certificates of Insurance
Tracking.
Price: $695.
System requirements: IBM compatible PC
system; operates in DOS or Windows.
Customization optional.
First installation: 1988.
Total installations: 140; 110 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 property/casualty
insurance companies.
Advanced CTRACK-Certificates of
Insurance Tracking.
Price: $1,195.
System requirements: IBM compatible PC
system; operates in DOS or Windows.
Customization optional.
First installation: 1989.
Total installations: 80; 70 in
corporate risk management departments.
Features: Includes basic features of
CTRACK plus automatic checking of certificates for compliance with
requirements; checks and records coverage clauses and policy
limits for future use; requests corrections for unacceptable
certificates; may be customized to track and verify any type of
form, including OSHA safety forms and drug testing forms.
ACCESS-The Claims Information
System.
Price: $5,000.
System requirements: IBM compatible PC
system; operates in DOS or Windows.
Customization optional.
First installation: 1986.
Total installations: 19; seven in
corporate risk management departments.
Features: Services accounts for
organizations managing insured accounts, self-administered
accounts or using third-party administration; full financial and
safety reporting systems; check/voucher writing system is
available for users that issue payments.
CERTS-Certificates of Insurance
Issuing.
Price: $1,900.
System requirements: IBM compatible PC
system; operates in DOS or Windows.
Customization optional.
First installation: 1987.
Total installations: 16; 11 in
corporate risk management departments.
Features: Issues certificates of
insurance forms 25 and 25S, custom forms and letters; maintains
full audit trail of all certificates issued; management reports
aid the issuing process.
User support: Training*,
consultation*, telephone assistance 12 hours per day*.
Clients: 250 total.
Officers: Thomas Seligman.
* Included in system price.
Specific
Software Solutions L.L.C.
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P.O. Box 359, Antioch, Tenn. 37011-0359;
800-929-4052; fax: 615-287-9216
Risk management systems since: 1990.
Software products:
Loss Forecaster II.
Price: $995.
System requirements: IBM compatible PC
system; operates in Windows.
Customization optional.
First installation: 1990.
Claims/coverages managed: General
liability, property, workers comp, auto.
Features: Reserving and loss
forecasting software geared to insurance professionals who do not
have an actuarial background; provides an estimate of required
reserves for past loss periods; generates a loss forecast based on
historical loss and exposure data; database of loss development
factors and trending data is automatically accessed by the
software.
User support: Onsite training,
telephone assistance eight hours per day*.
Software products:
ModMaster 2000.
Price: $695.
System requirements: IBM compatible PC
system; operates in Windows.
Customization optional.
First installation: 1990.
Total installations: 1,850; 300 in
corporate risk management departments.
Claims/coverages managed: Workers
comp.
Features: Computes and analyzes the
workers compensation modification factor; includes ``what if''
analytical capabilities; over a dozen preprogrammed reports
available for on screen review or printing; customized import
routines available to provide data linkage to various risk
management information systems.
User support: Telephone assistance
eight hours per day*.
Staff: Three total, two professionals.
Clients: 300 total, including 120
corporate risk management departments. Sold systems to 72 clients
in 1995.
1995 revenues: 100% from software
sales.
Officers: Timothy L. Coomer,
president; Al Rhodes, vp; Sandy Coomer, secretary.
Contact: Timothy L. Coomer.
* Included in system price.
TecnoRisk
L.L.C.
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1319 Dexter Ave. N., Suite 300, Seattle, Wash.
98109; 206-282-6077; fax: 206-282-5939
Risk management systems since: 1996.
Parent: Risk Management Services Inc.
Software products:
TecnoClaims P&I.
Price: $7,500 to $10,000.
System requirements: IBM compatible PC
system; operates in Windows.
Customization optional.
First installation: 1996.
Total installations: Five; four in
corporate risk management departments.
Claims/coverages managed: Vessel crew
injury (Jones Act), passenger injury and other protection and
indemnity claims.
Features: Claims administration;
reserve tracking; checks issued and payments received tracking;
loss prevention; safety/loss control; incident reporting; report
generation, including first advice of accident, status report,
check register, reimbursement due, actual and ``as if'' claims
statistics; aggregate deductible allocation; graphical loss
analysis report; vessel by vessel accident and loss cost report;
OSHA 101 supplementary report; diary; litigation management.
Optional modules include OSHA 200 log and ``as if'' claims
module.
Incident & Safety Management
(ISM) System.
Price: $1,250.
System requirements: IBM compatible PC
system; operates in Windows.
Customization optional.
First installation: 1996.
Claims/coverages managed: Incidents
and accidents on board vessels.
Features: Incident reporting and
investigation, accident tracking, safety and loss control,
accidents and medical incidents reporting, automated reporting to
TecnoClaims P&I system, OSHA 101 supplementary report,
information for U.S. Coast Guard 2692 and 2692 B reports, medical
treatment provided and person's medical condition reports.
Optional module for accident investigation includes digital
photograph records, advanced version for passenger vessels.
User support: User groups/meetings,
onsite training.
Staff: Five total, three
professionals.
Officers: Roger Phillips, president;
Michael Wilt, Elizabeth Seymour, vps.
The
Travelers
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1 Tower Square, Suite 9CR, Hartford, Conn.
06183; 860-277-2770; fax: 860-277-2876
Risk management systems since: 1983.
Parent: The Travelers Group Inc.
Software products:
CARMA/CARMA On-Line
System requirements: IBM compatible PC
system; operates in DOS, Windows or OS/2. Online system.
Customization optional.
First installation: 1983.
Total installations: 1,879; 680 in
corporate risk management departments.
Claims/coverages managed: General
liability, property, 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 comparisons and analysis, loss trending, safety and
loss control, ad hoc reporting, ability to import data from other
sources (prior carrier/TPA/self-administered data); benchmarking
and drill-down analysis; insurance and risk management analysis
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 and managed care.
User support: User groups/meetings*,
onsite training*, telephone assistance*, newsletter*, customer
account information representative*.
Staff: 113 total, 80 professionals.
Clients: 1,879 total, including 680
corporate risk management departments. Sold systems to 225 clients
in 1995.
Branch offices: Los Angeles.
Officers: Jack Gardner, vp; Matt
Carden, second vp.
Contact: Matt Carden.
* Included in system price.
Trinity
Risk Systems Inc.
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300 First St., Waxahachie, Texas 75165;
972-983-3900; fax: 972-938-7099
Risk management systems since: 1994.
Software products:
Trinity Risk System.
Price: $35,000.
System requirements: IBM compatible PC
system; operates in Windows.
Customization optional.
First installation: 1994.
Total installations: 14; six in
corporate risk management departments.
Claims/coverages managed: General
liability, property, workers comp, auto, medical malpractice,
product liability.
Features: Claims administration and
risk management analysis for self-insured companies, TPAs and
associations; policy/premium tracking with coverage verification;
reserve tracking; check writing; litigation module; OSHA tracking;
notes and diary module; six-level location hierarchy; ad hoc
report writer; user-defined custom fields; vendor module; auto pay
feature. Optional modules include underwriting, insurance
certificates, fee schedule, archive module, property/vehicle
management.
User support: Onsite training*,
telephone assistance 12 hours per day**.
Staff: Eight total, four
professionals.
Clients: 10 total. Sold systems to
seven clients in 1995.
Branch offices: Carrollton, Texas.
Contact: Stephanie Cox.
- Included in system price.
- * First 30 days included in system price.
WLT
Software of Florida Inc.
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831 N. Hercules Ave., Clearwater, Fla. 34625;
813-442-9296; fax: 813-443-4936
Risk management systems since: 1984.
Software products:
CompClaims.
System requirements: IBM compatible PC
system; operates in DOS or Windows.
Customization optional.
First installation: 1984.
Claims/coverages managed: Workers
comp.
Features: Reinsurance and reserve
tracking; accounting; fee schedule and PPO processing; billing;
check processing; diary; attorney tracking; management,
administrative, government, incident, safety and loss control
reporting; ad hoc reporting; bill review; 24-hour coverage;
litigation management; loss prevention; loss development; policy
tracking; risk analysis.
User support: User groups/meetings,
onsite training, telephone assistance 10 hours per day,
newsletter*, hotline*, Internet and bulletin board support*.
Officers: William L. Tiner, president;
Ann M. Tiner, executive vp; Thomas P. Brooks, vp-sales.
Contact: Tom Brooks.
* Included in system price.
Worker's
Comp Management Inc.
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200 Highpoint Drive, Suite 215, Chalfont, Pa.
18914; 215-822-1550 or 800-226-2667; fax: 215-997-9582
Risk management systems since: 1995.
Software products:
CyberComp.
Price: $10,000.
System requirements: IBM compatible PC
system; operates in Windows. Online system.
Customization optional.
First installation: 1996.
Claims/coverages managed: Workers
comp.
Features: Network development and
credentialing; profiling; case management, diary and
precertification; claims administration; claims processing; data
analysis and report generation; loss development and forecasting.
Staff: Eight total, five
professionals.
Officers: Charles P. Lomax,
president/CEO; Thomas Lomax, vp-finance; Timothy J. Richardson,
director-operations.
Contact: Timothy J. Richardson.
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