Please note this Press Release was originally posted on Insurance-Canada.ca here.
Mutual Concept Computer Group Inc. is pleased to announce the successful integration with Risk Control Technologies Inc. (RCT) through collaboration with Farm Mutual Re
Toronto, ON (Sept. 12, 2018) – Mutual Concept Computer Group Inc. (MCCG) has successfully integrated the Insurance Business Solution (IBS®) with RCT’s Loss Control Management Software in collaboration with Farm Mutual Re. This integration simplifies the process of ordering one or many inspections by mutual insurance companies using the IBS® thus removing the need for manual duplicate entry within both systems and ensuring a higher level of data quality. The following mutual insurers have adopted this process in production with many more expected to follow:
- The Kings Mutual Insurance Company
- Trillium Mutual Insurance Company
- Lambton Mutual Insurance Company
- West Wawanosh Mutual Insurance Company
- HTM Insurance Company
- Bay of Quinte Mutual Insurance Company
“Farm Mutual Re has been using the RCT’s Loss Control Management Software for six years and we found it dramatically increased the productivity levels of our team by simplifying the gathering of data in the field and creating the loss control report,” said Randy Drysdale, Assistant Vice President – Loss Control, Farm Mutual Re. “Being able to offer the software to the Mutual community at a subsidized cost for our mutual members meant that they could enjoy the same benefits at a very reasonable cost. Having MCCG & RCT work together to drive further efficiencies in process further enhances the value to our mutual members. Farm Mutual Re is committed to developing technology solutions to empower and advance the mutual community and through this project there was an opportunity to standardize processes and collaborate more with all stakeholders.”
“Integration while not new, is now the norm in technology. It is imperative that all roles are simplified and that data is only entered once through the whole process lifecycle,” said Jon Perry, Vice President – Client Relations, MCCG. “In this case, underwriting utilizes our IBS® solution while the Loss Control personnel out in the field utilize RCT’s Loss Control Management Software. The integration of data allows for both parties to work in their own system without rekeying information. We’re pleased to be able to offer these types of efficiencies to our mutual community. With technology playing an ever increasing role in the insurance industry, we’re excited by the relationships that have been forged by our clients, Farm Mutual Re, RCT and MCCG.”
“Risk Control Technologies has worked closely with Farm Mutual Re and Mutual Concept Computer Group to offer a streamlined integration between the RCT and IBS systems,” said Sean Banikin, COO, Risk Control Technologies Inc. “As a result of the collaboration, we’re happy we can offer even further efficiency for Farm Mutual Re mutual members that use both the RCT and MCCG solutions. The RCT platform offers a flexible integration used by a wide variety of insurance solutions and are proud to count IBS among them.”
MCCG is an innovative software provider who has a fully integrated insurance back office solution (IBS) successfully implemented in twenty-nine Mutual Insurance Companies across Canada. MCCG has a proven track record that can be attributed to a focus on client requirements and product quality. MCCG, established in 1993, is wholly owned by Canadian Mutual Insurance Companies with the mission of providing comprehensive and flexible solutions for its clients. For more information, visit www.mccg.net.
About Farm Mutual Re
Farm Mutual Reinsurance Plan was established in 1959 by the Ontario Mutuals to provide efficient and effective reinsurance support to the Mutual system. With Farm Mutual Re’s support, community-based mutual insurers can continue to provide personal service while offering the same security as a multi-national organization. Our stability is grounded in our financial strength as well as the long-term relationships we cultivate with our partners who include reinsurers in Canada, the United States and Europe. We see tremendous value in forging deep-rooted relationships to provide stability and capacity. Everything we do is based on a long-term view. For more information, visit www.farmmutualre.com.
About Risk Control Technologies
Risk Control Technologies Inc. provides insurance carriers a unique combination of high tech loss control software and industry expertise. This powerful combination allows teams to achieve their overall risk management objectives through the use of technology and industry best practices. Today, Risk Control Technologies’ community of loss control leaders includes some of the most progressive loss control carriers in the world. For more information, visit www.riskcontroltech.com.