TORONTO and COLUMBIA, MO, Aug. 12, 2014 /CNW/ - Risk Control Technologies Inc., the industry-leading provider of loss control software solutions for insurers, today announced that Missouri Employers Mutual (MEM) has deployed the RC Inspection software solution in production to help streamline its loss prevention operations. MEM is Missouri's No. 1 provider of workers compensation insurance.
In 2011, MEM's Loss Prevention team lost its automated functionality due to changes in legacy systems. Since then, the team of Loss Prevention Consultants has been relying on Excel spreadsheets and Word document templates to support workflow and documentation. This led the team to conduct a search for a better solution.
Risk Control Technologies provides an industry-tailored software application that automates the loss control process for insurance companies. The system is a web-based application combined with an off-line laptop/tablet application to streamline the field survey and service process from request right through to completion of the field work and report creation.
To further enhance productivity and accuracy, MEM worked with Risk Control Technologies to integrate its Guidewire® PolicyCenter and ClaimCenter data into the new Loss Prevention system. The team also developed interfaces to integrate completed reports and letters from the Loss Prevention system into its imaging system nightly, along with batch print functionality for policyholders who prefer printed correspondence rather than email.
"MEM is really a safety company that happens to sell workers compensation insurance, so having the best system in place to support that effort is critical," said Tim Jackman, MEM's Vice President of Risk Management and Legal Services. "We're eager to begin using this system to better help our policyholders protect people and their bottom lines."
With the base Loss Prevention system in production, MEM is continuing to work with Risk Control Technologies to implement additional tools, such as dashboard views and a management reporting business intelligence tool. When this functionality comes to fruition, MEM will be able to mine data on a very granular level from all reports completed by Loss Prevention Consultants, enabling predictive analytics and comparative analysis over time.
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 Missouri Employers Mutual
Since opening our doors in 1995, MEM has been committed to promoting safe, healthy and injury-free workplaces. Through our WorkSAFE program we've put our loss prevention expertise, safety education and training to work for our policyholders. And it's paid off. More than 80 percent of our 14,000 policyholders are injury-free in a typical year. For more information, visit www.mem-ins.com
SOURCE: Risk Control Technologies Inc.