Brokerage Firm

Broker and risk management consulting firms use RSG solutions to compliment their existing risk management services. Their clients’ RMIS needs vary, and in addition to the items defined below under Corporate Risk Management, our broker partners provide value-add to their clients by offering:

• A preferred provider, co-branded, or broker-brand full-function RMIS without the heavy capital investment and resources required to develop and support such a solution
• Front-line RMIS customer support consistent with their existing client support delivery with RSG as a secondary support delivery or backup
• Data consolidation into a central repository with secured access to their clients’ data to support risk management service’s monitoring and analysis of each client’s loss program
• An unbundled RMIS service that can be retained by the customer no matter what changes occur at the broker, carrier or claim administrator level

Corporate Risk Management

Corporations and public entities that are insured, self-insured or some combination, prefer a RMIS independent of any broker, carrier or claim administrator. Corporate risk management typically has multiple sources of data, sensitive to the accuracy and integrity of their data, complex reporting requirements, and demand experienced account support. Risk managers implement an RSG solution to:

• Consolidate data from any number and type of data sources into a central repository that includes incidents, cases, claims, exposures, properties, and a host of supplemental data
• Report, via the web, incidents/claims and electronically transmit their records to carriers and/or claim administrators. Self-administration, including check issuance, of all claims covered under their deductible or self-insured retention
• Integrate exposure, policy and property details with claim data in order to create ‘what if’ and drill down analysis. The result will be complex risk reporting: to evaluate risk retention levels, monitor TPA performance, seek loss control/safety program effectiveness, fairly allocate their cost of risk, and calculate loss development/loss forecasting.
• Automate the report generation and distribution of critical information to C-level executives, division vice presidents, location managers, etc. on a timely basis
• Assist in the insurance placement and renewal process by accessing a central repository with updated claim, exposure and premium information
• Comply with state self-insured regulatory reporting

Insurance Carrier

Property & Casualty and Disability insurance carriers retain RSG in order to consolidate data from any number of outsourced or unbundled claim administrators. This data consolidation and validation process includes:

• Accepting data from any data source, in various formats and forms of media
• Mapping data field-by-field to carrier-defined data structure and business rules
• Validating the integrity of the data received and reporting on non-compliance
• Timely transferring of the data in carrier-defined file format using secured FTP electronic delivery