THE DEFINITIVE GUIDE TO A RISK MANAGEMENT INFORMATION SYSTEM 16
What it does:
Provides a complete picture of all your incidents and types of claims
activity. This enables root cause analysis, control of third-party claims
administrators and reduced claims leakage.
Benefits:
• Tracks trends and identifies patterns of risk so you can take proactive steps
to reduce them.
• Allows for additional information to be captured at the time of the incident
(e.g. attaching image files).
• Identifies lags between claims and settlements so you can manage cash
flow more effectively.
• Gives accurate information on claims below your deductible level so you can
reserve the right level of funds to cover them.
• Handles multi-currency claims to provide a single view of all claims.
INCIDENT REPORTING AND CLAIMS MANAGEMENT
