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Risk Enterprise Mangement Ltd. (REM)
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;
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, specialty lines.
Features: Loss development, loss trending,
report generation, data analysis, allocation of losses, downloading
of databases, exportation of data to other PC formats. Optional
modules include consolidation of data from multiple insurers;
REMNET.
REMNET.
System requirements: IBM-compatible PC system;
operates in Windows. 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; diary. Optional
modules include Risk Options.
User support: User groups/meetings*, onsite
training*, telephone assistance 12 hours per day*, client services
center*.
Clients: 75 total.
Branch offices: Brea, Calif.; Orlando, Fla.;
Atlanta; Chicago; Florham Park, N.J.; New York; Philadelphia;
Nashville, Tenn.; Milwaukee.
1997 revenues: $95,852,000 total.
Officers: Michael Riney, president; Tim
Callahan, CFO; Joseph Campbell, executive vp; Barry Belknap, senior
vp-sales; Matt Craig, vp-sales.
Contact: Bill Cassidy.
* Included in system price.
Risk Laboratories L.L.C.
278 N. Marietta Parkway N.E., Marietta, Ga.
30060-1456; 770-590-5173; fax: 770- 590-5174
Risk management systems since: 1994.
Software products:
RiskFolio 3.3.
Price: varies.
System requirements: IBM-compatible PC system;
operates in Windows 95 or Windows NT (32-bit).
Customization optional.
First installation: 1994.
Total installations: 110; 90 in corporate risk
management departments.
Claims/coverages managed: General liability,
property, casualty, workers comp, auto, all other claim and coverage
types.
Features: Database server location options;
interface with internatl applications; utilize company
Internet/intranet, e-mail and faxing; integration with output
options spreadsheets; word processing; multi-user, multi-location,
remote access capability; color graphics/charts; document imaging;
asynchronous processing; comprehensive help system; standard and ad
hoc reports; 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 negotiation;
international program analysis; reinsurance/captive cession
analysis; frequency and severity analyses; ``value as of'' analysis;
executive information system; HTML/Internet reporting;
policy/exposure tracking and management; incoming/outgoing insurance
certificate processing and management; claims management for
property, casualty and all industry-specific coverages; hierarchy,
text and value data flexibility; 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*.
Staff: 16 total, 14 professionals.
Branch offices: Marietta, Ga.
Officers: George B. Netherton, president; Robert
C. Morrell, vp- research/development; Jim Gibson, assistant
vp-client services; Hugh Nunnally, manager-data services; Tom
Pickhardt, director-business development.
Contact: Tom Pickhardt, ext. 315.
* Included in system price.
Risk Technologies Inc.
2480 Highway 287 N., Suite 400, Mansfield, Texas
76063; 817-447-2197; fax: 817- 473-7610
Risk management systems since: 1988.
Software products:
RiskVision.
Price: $75,000 to $250,000.
System requirements: IBM-compatible PC system,
Macintosh; operates in Windows, including 3.11, 95, 98, NT; UNIX,
Novell.
Customized system.
First installation: 1988.
Total installations: 200; 150 in corporate risk
management departments.
Claims/coverages managed: General liability,
property, casualty, workers comp, auto, injury benefits, hospital
incidents, medical malpractice, accident and health.
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 and fund managment;
custom reports; ad hoc report generation; report writer; data
export/import to SQL/ASCII/Dbase/.WK1 files; remote access;
portability to laptop PCs and laptop PC updates; reports to
diskette; 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. Optional modules include real-time
integration with human resource systems; RiskVision EAS for
customer-specific SQL query tools for reporting, analysis and
graphing.
RiskVision EDI.
Price: $75,000 to $500,000.
System Requirements: Web-enabled browser and
Internet access. Online system.
Customized system.
First installation: 1992.
Total installations: 150; 75 in corporate risk
management departments.
Claims/coverages managed: General liability,
property, casualty, workers comp, auto, Longshoremen's and Harbor
Workers Act, medical malpractice, injury benefits, hospital
incidents, accident and health.
Features: Electronic data consolidation and
conversion to client-specific formats; policy/coverage verification;
data review, analysis, reporting via the Worlde Wide Web. Optional
modules include real time interface with insurance comapany, TPA or
client's database, integration with human resource systems.
User support: User groups/meetings*, onsite
training*, telephone assistance 12 hours per day*.
Staff: 15 total, 11 professionals.
Clients: 250 total. Sold systems to 25 clients
in 1997.
1997 revenues: 5% from hardware sales, 60% from
software sales, 35% from software services.
Officers: Chuck Allen, president; R.J. Mallette,
vp-product development/marketing; Ron Watts, vp-customer services.
* Included in system price.
RISKTRAC Inc.
230 Commerce Way, Portsmouth, N.H. 03801;
603-422-0444; fax: 603-433-4676
Risk management systems since: 1982.
Parent: Liberty Mutual Group.
Software products:
RISKTRAC LINKS.
System requirements: IBM-compatible PC system;
operates in Windows. Online system.
Customization optional.
First installation: 1987.
Total installations: 1,700; 1,360 in corporate
risk management departments.
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 claim and payment information;
access to managed care rehabilitation nurse information; reserve
changes and calculations; customized data capture with unlimited
user-defined fields; communication; data consolidation; 36 standard
reports; report scheduler; ad hoc reports, including graphics,
downloads of data into word porcessing, spreadsheets and database
formats. Optional modules include RISKTRAC EIS.
RISKTRAC SA.
System requirements: IBM-compatible PC system;
operates in Windows. Online system.
Customization optional.
First installation: 1996.
Total installations: 150.
Claims/coverages managed: General liability,
property, casualty, workers comp, auto, group short- and long-term
disability.
Features: Claim inquiry; data consolidation; 26
standard reports; report scheduler; ad hoc reports; customized data
capture with unlimited user-defined fields; reminders; linking and
storing of documents associated with claims; supports worldwide
currencies.
RISKTRAC EIS.
System requirements: IBM-compatible PC system;
operates in Windows. Online system.
Customization optional.
First installation: 1998.
Total installations: 100.
Claims/coverages managed: General liability,
property, casualty, workers comp, auto, group short- and long-term
disability.
Features: Review claims and loss information;
provides ability to drill-down into information to generate
graphical/tabular presentation of claims information for single or
multiple lines of business; trends and patterns in claims data;
e-mail distribution of important-event notifications.
RISKTRAC.nxt.
System requirements: IBM-compatible PC system;
operates in Windows. Online system.
Customization optional.
Claims/coverages managed: General liability,
property, casualty, workers comp, auto, group short- and long-term
disability.
Features: Web-enabled RMIS products available
through a browser, including claim inquiry, real time access to
adjuster notes, daily updates of claim detail and supplemental
information, monthly updates of financial valuations, customized
data capture, standard reports and data consolidation.
User support: User groups/meetings, onsite
training, telephone assistance 13 hours per day, online help system.
Branch offices: Portsmouth, N.H.
Contact: Alicia Rawnsley.
RSKCo
333 S. Wabash, Chicago, Ill. 60685;
312-822-2013; fax: 312-817-1638
Risk management systems since: 1996.
Parent: CNA Insurance Cos.
Software products:
Clearview.
Price: $12,000.
System requirements: IBM-compatible PC system;
operates in Windows, including 3.1, 95, 98. Online system.
First installation: 1996.
Total installations: 815; 275 in corporate risk
management departments.
Claims/coverages managed: General liability,
property, casualty, workers comp, auto, integrated disability
manangement, prior carrier data.
Features: Individual claims viewing; real time
adjuster notes; loss development, including loss triangles; 19
standard reports; custom reports; drill down features providing
analysis and supportive information for claims loss prevention,
safety and loss control; customer-specific data can be input or
imported into the database and accessed through the custom
reoporting function; view and print location structures; communicate
with adjusters directly through notes and e-mail; diary.notes.
Optional modules include cost allocation module.
User support: User groups/meetings*, onsite
training*, telephone assistance*, RMIS consultant*.
Staff: 70 total, 25 professionals.
Clients: 275 total. Sold systems to 150 clients
in 1997.
Branch offices: San Francisco; Duluth, Ga.;
Chicago; New York; Dallas.
1997 revenues: $791,800,000 total. $11,000,000
from risk management information systems sales and service, 100%
from software sales.
Officers: Robert Kulbick, CEO; Thomas Donnelly,
president; George D. Keebler, Virginia Keck, Randall Hollenbeck,
senior vps.
Contact: Melinda Mitrovic, director-consulting
services, 312-822-7465. Copyright©
1998, 1999 Business
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