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Risk Management & Online Resources

Spotlight Report December 1, 1997

Vendors "N-R"

Envision/Near North Risk Technologies Inc.
Near North Insurance Brokerage Inc.
Nichols TXEN
Per Datum Inc.
Pyramid Services Inc.
Risk Enterprise Management Ltd.
Risk Laboratories L.L.C.
Risk Technologies Inc.
RISKTRAC Inc.

Copyright© 1997, 1998 Business Insurance

Envision/Near North Risk Technologies Inc.

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 Services.

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

Customization optional.

First installation: 1995.

Total installations: 35; all in corporate risk management departments.

Claims/coverages managed: General liability, property, workers comp, auto, excess liability, boiler and machinery.

Features: Tracks information and correspondence related to certificates of insurance; ensures coverage, limit, insurer compliance; generates renewal notices, cancellation letters, non-compliance letters, custom and standard reports; archives documents; historical conversion available.

User support: Onsite training*, telephone assistance*.

Staff: Nine total, nine professionals.

Clients: 15 total, including 15 corporate risk management departments. Sold systems to 15 clients in 1996.

CompVision.

Price: $3,995.

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

First installation: 1994.

Total installations: 88 users.

Claims/coverages managed: Workers comp.

Features: Claims administration; policy tracking; data analysis; loss trending; loss control; first report of injury (all 50 states); OSHA 100 and 200 reporting; report generation; diary function; notes function; to-do function.

User support: Onsite training, telephone assistance*.

HealthVision.

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

Customization optional.

First installation: 1995.

Total installations: Nine companies; 90 users.

Claims/coverages managed: General liability, 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; report generation (standard and custom); data analysis; check processing; litigation management; work flow management. Option of purchasing each of five modules modules individually.

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

RiskEnvision.

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

Customization optional.

First installation: 1994.

Total installations: 20 companies; 196 users.

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

Features: Claims administration; policy tracking; experience rating; reserve tracking; premium allocation; risk analysis; self-insurance comparisons; diary; safety and loss control; incident reporting; report generation (standard and custom); data analysis; check processing; litigation management; work flow management; loss trending. Option to purchase each module individually, including a professional liability module.

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

Staff: 17 total; 15 professionals.

Branch offices: Sandy, Utah.

Officers: Michael Segal, chairman/CEO Near North Insurance Brokerage; Steve Coleman, group executive vp/managing director-NNIB; Eileen Oswald, COO-Near North Risk Technologies; Scott Harper, managing director-Envision Enterprises L.L.C.


Near North Insurance Brokerage Inc.

875 N. Michigan Ave., Chicago,

Ill. 60611; 312-280-5600;

fax: 312-280-5602

Software products:

WorldLink.

Price: $475 per Web subscription; group subscriptions available.

System requirements: IBM-compatible PC system; operates in Windows, DOS, Macintosh, Web, Netscape. Online system.

Customization optional.

First installation: 1996.

Total installations: 300 online users; 20 in corporate risk management departments.

Features: Information on more than 180 countries; information country by country on insurance changes, general insurance, property and casualty regulations, bonding and marine regulations, captive domiciles, social security legislation; customized reports.

User support: Telephone assistance eight hours per day*, e-mail assistance*.

Staff: 11 total; 11 professionals.

Clients: 26 total, including 25 corporate risk management departments. Sold systems to 26 clients in 1996.

*Easy Actuary.

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

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

Features: Casualty loss analyses, including forecasts and liability accruals; analyze alternative retentions on deductible levels and identify loss trends; loss triangulation capabilities for company-specific loss development factors for incurred and paid losses and number of claims.

User support: 30-day support, telephone assistance eight hours per day*.

Staff: Three total, three professionals.

Officers: Michael Segal, chairman/CEO; Bill Bartholomay, president-Near North National Group; Steve Coleman, Ruth Tave, Bill Hines, Sheila Kelly, Matt Walsh, group executive vps/managing directors.

Contact: Kristen Restivo, 312-280-7243.

*Included in system price.


Nichols TXEN

6360 I-55 North, Suite 300, Jackson, Miss. 39211; 601-957-7400 ext. 7000; fax: 601-957-9492

Risk management systems since: 1982.

Parent: Nichols Research Corp.

Software products:

PACCASSO.

Price: $80,000.

System requirements: IBM-compatible PC system; operates in Windows. Mainframe AS 400. Online system optional.

Customization optional.

First installation: 1982.

Total installations: 65; 15 in corporate risk management departments.

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

Features: Claims administration; loss development; loss forecasting; loss prevention; policy tracking; experience rating; reserve tracking; allocation of premium; risk analysis; self-insurance comparisons and analysis; loss trending; safety and loss control; incident reporting; report generation; data analysis; check processing; diary; litigation management; utilization review; fee schedules; deferred billing; cost-of-risk allocation; NCCI reporting; EDI reporting. Optional modules include IAIABC; EDI submission; UR; incoming EDI submission.

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

Staff: 25 total; 20 professionals.

Contact: Ira Harvel.


Per Datum Inc.

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

Risk management systems since: 1995.

Software products:

PROGNOS-MCO version 2.0.

System requirements: IBM-compatible PC system; ODBC compliant, client/server application. First installation: 1995.

Claims/coverages managed: Workers comp, OSHA compliance, case management, occupational health and employee wellness.

Features: Manages information for workers comp managed care organizations; claims administration; case management; fee bill recording and processing; recording and tracking of diagnostic data and allowed conditions; treatment plans; provider profiling; online ICD-9; CPT & HCPCS code databases; customized reports; first reports of injury; employer/provider/employee databases; diary and notification systems. Optional modules include state-specific first reports of injury; employee health; nurses' log; treatment planning; check writing; fee bill repricing; EDI for first reports of injury and fee bills.

PROGNOS-Administrator version 2.0.

System requirements: IBM-compatible PC system; ODBC compliant, client/server application.

Features: Manages information for safety, workers comp and occupational health programs; claims administration; case management; loss development; forecasting and prevention; safety and loss control; itemized cost allocation; reserve tracking; recording and tracking of diagnostic data and allowed conditions; treatment plans; provider profiling; online ICD-9, CPT & HCPCS code databases; customized reports; first reports of injury; OSHA reporting; frequency and severity rates; employer/facility/provider databases; diary and notification systems. Optional modules include state-specific first reports of injury; employee health; nurses' log; training management; treatment planning; check writing; fee bill repricing; EDI for first reports of injury and cost information.

PROGNOS-Professional version 2.0.

System requirements: IBM-compatible PC system; ODBC compliant, client/server application.

Features: Manages information for safety, workers comp, and occupational health programs; claims administration; case management; loss development; forecasting and prevention; safety and loss control; summary cost recording and reserve tracking; customized reports; first reports of injury; OSHA reporting; frequency and severity rates; employee/facility/provider databases; diary and notification systems. Optional modules include state-specific first reports of injury; employee health; nurses' log;

training management; EDI for first reports of injury.

PROGNOS-Compliance version 2.0.

System requirements: IBM-compatible PC system; ODBC compliant, client/server application.

Features: Records incident data and creates OSHA compliance reports, including forms 101, 200, 300, 310 and the National Standard First Report of Injury. Optional modules include state-specific first reports of injury.

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

Staff: Eight total, seven professionals.

Officers: Mark S. Tochtenhagen, president; Leo Renner, CFO; Mike K. Hedge, chief engineer; Mark VerMeulen, vp-marketing.

Contact: Mark VerMeulen.


Pyramid Services Inc.

39 Old Ridgebury Road, Corporate Center, Suite B-2, Danbury, Conn. 06810;

203-743-6000; fax: 203-743-6003

Risk management systems since: 1987. Parent: Aon Corp.

Software products:

Pyramid.

Price: $25,000.

System requirements: IBM-compatible PC system; operates in DOS, Windows. Customization optional.

First installation: 1988.

Total installations: 380; 140 in corporate risk management departments.

Claims/coverages managed: General liability, property, casualty, workers comp, auto, professional liability, disability, medical case management.

Features: Claims administration; first report of injury; medical cost containment; medical bill review; health care information management and non-occupational disability management; loss control; reserve tracking; check processing; diary/notes; litigation management; cost allocation; actuarial statistics; policy issuing; billing standard and ad hoc report generation.

User support: User groups/meetings, onsite training, telephone assistance*, upgrades and future releases*.

Staff: 75 total, 70 professionals.

Clients: 140 total. Sold systems to 21 clients in 1996.

1996 revenues: $6 million total; $4.1 million from risk management information systems sales and service, 60% from software sales, 40% from software services.

Officers: Bill Kuebler, chairman/CEO; James Hatch, president/COO; Joyce Ingalls, senior vp; Larry Winnick, chief sales officer; Dave Horton, chief technology officer.

Contact: Denise Carson, marketing director, 203-743-6000 ext. 262.

*Included in system price.


Risk Enterprise Management Ltd.

59 Maiden Lane, New York, N.Y. 10038; 800-347-2599; fax: 800-634-0425

Risk management systems since: 1991.

Software products:

Risk Options.

System requirements: IBM-compatible PC system. 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, specialty lines.

Features: Loss development; loss trending; report generation; data analysis; allocation of losses; downloading of databases; exports data to other PC formats. Optional modules include consolidation of data from multiple insurers, can be bundled with REMNET to add adjusters' notes and claim financial inquiry.

User support: Onsite training*, telephone assistance 12 hours per day*, client services staff*.

REMNET.

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

Customization optional.

First installation: 1991.

Total installations: 200; 75 in corporate risk management departments.

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

Features: Claims administration; payments; reserves; recoveries; interactive adjusters' notes and diary. Optional modules can be bundled with Risk Options to add loss analysis and ad hoc report generation.

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

Clients: 475 total.

Branch offices: Brea, Calif.; Maitland, Fla.; Atlanta; Chicago; Florham Park, N.J.; New York; Syracuse, N.Y.; Philadelphia; Nashville, Tenn.; Dallas.

1996 revenues: $ 1.4 million total.

Officers: Peter Johnson, chairman/CEO; Charles Callahan, president/COO; Joseph Campbell, executive vp; Michael Riney, executive vp; Richard Herschman, executive vp/CFO; Matt Craig, vp.

Contact: Bill Cassidy, client services center.

*Included in system price.


Risk Laboratories L.L.C.

1144 Canton St., Suite 103, Roswell, Ga. 30067; 770-642-1109; fax: 770-643- 9908

Risk management systems since: 1994.

Software products:

RiskFolio 3.1.

System requirements: IBM-compatible PC system; operates in Windows 95 or Windows NT 32-bit.

Customization optional.

First installation: 1994.

Total installations: Fewer than 100; fewer than 90 in corporate risk management departments.

Claims/coverages managed: General liability, property, casualty, workers comp, auto, accommodates all claim and coverage types.

Features: Ad hoc reporting; standard report library; claims triangulation; loss development; trending and forecasting; premium allocation; budgeting; aggregate analysis of limits and retentions; program/TPA monitoring; cost of risk analysis; loss stratification; loss analysis; acquisition and divestiture analysis; program options analysis; self-insurance comparisons and analysis; contract and renewal negotiating; international program analysis; reinsurance cession analysis; frequency and severity analysis; ``value as of'' analysis; executive information system; policy tracking and management; exposure tracking and management; incoming/outgoing insurance certificate processing and management; claims management for property, casualty and all industry-specific coverages; claims reporting; workers comp first report of injury; litigation management; reserve and values history; notes/diary; scheduling; task creation; distribution and management; safety audit tracking; OSHA record keeping and reporting; data archiving; data integration, import, export, consolidation; EDI.

User support: User groups/meetings*, onsite training*, telephone assistance nine hours per day*, upgrades*, project teams include individuals with risk management experience.

Staff: 16 total, 14 professionals.

Officers: George B. Netherton, president; Robert C. Morrell, vp- research/development; T. Casey Schmidt, vp.

Contact: T. Casey Schmidt, 770-642-1109 ext. 305.

*Included in system price.


Risk Technologies Inc.

2480 Highway 287 North, Suite 400, Mansfield, Texas 76063; 817-477-2197; fax: 817-473-7610

Risk management systems since: 1988.

Software products:

RiskVision.

Price: $25,000-$125,000.

System requirements: IBM-compatible PC system; operates in DOS, Windows 3.1, Windows for WorkGroups, Windows NT Client/Server, Windows 95, UNIX, Novell. Online system.

Customization optional.

First installation: 1988.

Total installations: 184; 180 in corporate risk management departments.

Claims/coverages managed: General liability, property, casualty, workers comp, auto, Longshoremen's and Harbor Workers Act, medical malpractice.

Features: Claims administration; check processing; custom claim input screens; laser check writing; vendor management; electronic transmission of 1099 information to IRS; electronic bank reconciliation transmissions; custom reports; ad hoc report generation; reserve worksheets; notes/diary routines; exposure information management; premium management; 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 3.1, Windows for WorkGroups, Windows NT Client/Server, Windows 95, UNIX, Novell. Online system.

Customization optional.

First installation: 1988.

Total installations: 35; 15 in corporate risk management departments.

Claims/coverages managed: General liability, property, casualty, workers comp, auto, Longshoremen's and Harbor Workers Act, medical malpractice.

Features: Claims administration; check processing; custom claim input screens; laser check writing; vendor management; electronic transmission of 1099 information to IRS; integrated time and billing; invoicing and accounting; TPA office management; generation of state-required forms and reports; state fee schedules or integration medical cost management service providers; electronic bank reconciliation transmissions; custom reports; ad hoc report generation; remote client access; reserve worksheets; diary/calendar functions; exposure information management; premium management; policy management; cost allocation; loss development; loss control and OSHA reporting/record keeping; form letter generator.

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

Staff: 15 total, 11 professionals.

Clients: 255 total. Sold systems to 22 clients in 1996.

1996 revenues: 95% of revenues from risk management information systems sales and service, 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.


RISKTRAC Inc.

225 Borthwick Ave., Portsmouth, N.H. 03801; 800-294-3316; fax: 603-431-2071

Risk management systems since: 1982.

Parent: Liberty Mutual Group.

Software products:

Risktrac Links.

System requirements: IBM-compatible PC system. Online system.

Customization optional.

First installation: 1987.

Total installations: 1,150.

Claims/coverages managed: General liability, property, casualty, workers comp, auto, group short- and long-term disability.

Features: Claim inquiry; real time access to adjuster notes; daily updates of claims and payment information; access to managed care rehabilitation nurse information; reserve changes and calculations; customized data capture with unlimited user-defined fields; data consolidation; 36 standard reports; report scheduler; ad hoc reports. Optional modules include Risktrac COV, available March 1998.

User support: User groups/meetings, onsite training, telephone assistance 13 hours per day, online help system.

Risktrac SA.

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

Customization optional.

First installation: 1996.

Total installations: 125.

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

Features: Claim inquiry; data consolidation; 26 standard reports; report scheduler; ad hoc reports; customized data capture with unlimited user-defined fields; reminders; link and store documents associated with claims; supports U.S. and worldwide currencies. Optional modules include Risktrac COV, available March 1998.

User support: User groups/meetings, onsite training, telephone assistance 13 hours per day, online help system.

Contact: Alicia Rawnsley.