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The Definitive Guide to a RMIS

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THE DEFINITIVE GUIDE TO A RISK MANAGEMENT INFORMATION SYSTEM 2 DETERMINE IF YOU NEED A RISK MANAGEMENT INFORMATION SYSTEM (RMIS) Unsure if you need an RMIS? Simply answer the following questions with a 'yes' or 'no' and find out. 1. Is all your risk and insurance information readily available at the press of a button? 2. Are you confident that your risk and insurance data is accurate and reliable? 3. Can you be sure there are no gaps or duplications in your insurance coverage? 4. Do you think your renewal process takes too long to complete — from capturing data to market submission? 5. Do you think you are able to negotiate the highest-quality insurance coverage and optimum premiums for your risks? 6. Is it easy for you to gather and store your insurance management information in one place? 7. Is it easy to obtain a full history of information on your insurance management data, including claims records? 8. If you have multi-language and multi-currency programs, is it easy to consolidate information? 9. If you outsource data handling to a third party, do you feel fully in control of your information and that data being gathered is up to date, accurate and kept secure? 10. Are you able to collect claims payments and audit and reconcile the amounts easily? ☐ YES ☐ NO ☐ YES ☐ NO ☐ YES ☐ NO ☐ YES ☐ NO ☐ YES ☐ NO ☐ YES ☐ NO ☐ YES ☐ NO ☐ YES ☐ NO ☐ YES ☐ NO ☐ YES ☐ NO See next page for results

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