TORONTO, June 19, 2012 /CNW/ - Risk Control Technologies Inc., the
industry-leading provider of loss control software solutions for
insurers, today announced that Fort Lee, New Jersey-based Leading
Insurance Group Insurance Co. Ltd (US Branch) ("LIG") has gone into
production with RC Inspection for its loss control operations. LIG is
a US-based subsidiary of LIG Insurance Company, Ltd. based in Seoul,
Korea which specializes in insuring main street Korean-American and
"We congratulate LIG on its successful implementation of RC Inspection,"
said David Da Costa of Risk Control Technologies, "we believe they will
see some significant benefits in terms of productivity, consistency and
The RC Inspection solution streamlines the loss control process. It
allows mobile loss control inspectors to electronically receive work
requests and collect information in the field on a tablet device
including assessment data, recommendations, digital photos and
diagrams. Data is then uploaded into a central database which allows
underwriters to utilize the information in making underwriting
decisions. The central data repository offers data mining and
reporting capabilities which have traditionally been unavailable in the
paper-based loss control environment in which most insurers operate.
RC Inspection was configured to allow LIG's team of loss control reps in
New York, New Jersey and California to perform field surveys for its
commercial lines risks.
About Risk Control Technologies Inc.
Risk Control Technologies Inc. uses leading-edge technology to simplify
what are traditionally horribly onerous, paper-based processes in the
insurance industry. Today, the loss control solution developed by Risk
Control Technologies is used by leading insurers throughout North
America. For more information, visit www.riskcontroltech.com.
About Leading Insurance Group Insurance Co. Ltd (US Branch)
On October 1, 2005, LIG Insurance Company, Ltd. (Seoul, Korea)("LIG")
created Leading Insurance Services, Inc. f/k/a LIG Management Services,
Inc. ("LIS") in the United States. LIG became keenly aware of the
growing opportunity in the U.S. and decided to build an insurance
underwriting organization specifically designed to respond to the
unique needs of the Korean-American business community. Today, LIS is
domiciled in Fort Lee, NJ, and it is the U.S. Manager of LIG's branch
office which specializes in Asian-American commercial insurance risks
in NY, NJ, CA, PA and IL with a focus on main street, Korean-American
and Chinese-American business.
SOURCE Risk Control Technologies Inc.
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