(April 22, 2016 – Toronto, ON) Risk Control Technologies Inc., the industry-leading provider of loss control software solutions for the insurance industry, today announced Meadowbrook Insurance Group, Inc. (“Meadowbrook”) has selected its loss control management system to help streamline loss control and risk management operations. Meadowbrook is a specialty niche-focused, commercial insurance underwriter and insurance administration services company which owns and operates six insurance carriers.
“Our loss control team is a major contributor to the overall success of the Meadowbrook business,” said Gene Abbey, AVP of Corporate Risk Management Services for Meadowbrook. “With this in mind, we sought a technology partner that not only had a great platform, but also one who could bring new ideas and best practices to the table, and Risk Control Technologies fit this bill.”
As a highly flexible and configurable ‘off-the-shelf’ solution used by an array of loss control focused insurers, the Risk Control Technologies platform will allow Meadowbrook to tailor the software to meets its needs today, while affording them the flexibility to evolve the system as business needs change in the future.
The system will enable Meadowbrook to:
- Enhance loss control data-mining and reporting capabilities.
- Integrate its loss control system with other core systems to provide loss control consultants with a consolidated view of each account.
- Track and manage all loss control and safety related interactions with insureds.
- Better manage service delivery and loss control service plans.
- Automate assessment and service related processes to reduce manual tasks.
- Improve the quality and consistency of loss control reports delivered to key stakeholders.
- Enable more effective loss control recommendation management to drive risk improvement.
- Provide underwriters with high quality, timely data in support of decision-making.
- Integrate seamlessly with their third-party loss control vendors to ensure a smooth flow of data.
Meadowbrook also plans to deploy the Risk Control Technologies mobile app to its team of loss control field consultants. This app enables field data capture on a tablet device to reduce redundant data entry and allow consultants to spend more time consulting, and less time writing reports and performing other administrative tasks.
“We see more and more insurers placing major emphasis on providing top notch loss control services as part of their overall offering,” said David Hanley of Risk Control Technologies, “Meadowbrook has always been a thought-leader in stressing the value of loss control and safety services. We are very pleased to partner with them to further enhance these offerings through technology”.
About Risk Control Technologies Inc.
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 both technology and industry best practices. Today, Risk Control Technologies’ community of loss control leaders includes some of the most progressive loss control focused carriers in the world. For more information, visit www.riskcontroltech.com.
About Meadowbrook Insurance Group
Meadowbrook is a specialty niche-focused, commercial insurance underwriter and insurance administration services company. We market and underwrite specialty property and casualty insurance programs and products on both an admitted and non-admitted basis. Our products are distributed through a broad and diverse network of independent retail agents, wholesalers, program administrators and general agents, who value service, have concentrated knowledge and focused expertise. We seek to combine our varied revenue streams and efficient capital management to deliver consistent long-term growth in shareholder value.
Meadowbrook owns and operates six insurance carriers, collectively representing both admitted and non-admitted solutions in all 50 states. For more information, visit www.meadowbrook.com