(December 18, 2015 – Toronto, ON) Risk Control Technologies Inc., the industry-leading provider of risk control software solutions for insurers, today announced that ProAssurance has selected the Risk Control Technologies loss control management system to help streamline processes within its Risk Resource operation. Headquartered in Birmingham, Alabama, ProAssurance is an industry-leading specialty insurer with extensive expertise in healthcare professional liability, products liability for medical technology and life sciences, legal professional liability, and workers’ compensation insurance. ProAssurance is recognized as one of the top performing property and casualty insurance companies in America by virtue of its inclusion in the Ward’s 50 for the past nine years.

Risk Control Technologies specializes in helping insurers streamline risk management and loss control initiatives through the use of technology. The Risk Control Technologies platform is a complete end-to-end risk control management system which will allow ProAssurance to:

•        Provide field Risk Resource Advisors with a consolidated view of their accounts.
•        Capture healthcare facility and medical practice assessments electronically in the field.
•        Enable more effective loss control recommendation management to drive risk improvement.
•        Provide Underwriters with high quality, timely data in support of decision-making.
•        Enhance Risk Resource’s data mining and reporting capabilities.
•        Equip the Risk Resource team with technology to increase productivity on the go.

Heather Nelms of ProAssurance stated, “We expect significant productivity gains from equipping our team with technology for capturing field risk management assessments. Our team looks forward to unlocking the power of our data through use of advanced analytics tools.”

In addition to the implementation of the risk control platform for ProAssurance, Risk Control Technologies is also working closely with the ProAssurance team to re-engineer and streamline its processes based on industry best practices. The overarching goal of the project is to further enhance the value-added Risk Resource services offered to ProAssurance clients.

“We are very pleased to partner with ProAssurance on this initiative,” said David Da Costa of Risk Control Technologies. “They are a leader in their niche, and we admire their commitment to providing top-notch service to the healthcare community.”

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 ProAssurance

ProAssurance is an industry-leading specialty insurer with extensive expertise in healthcare professional liability, products liability for medical technology and life sciences, legal professional liability, and workers' compensation insurance. A.M. Best assigns a rating of "A+" (Superior) to ProAssurance Group (ProAssurance Casualty, ProAssurance Indemnity, ProAssurance Specialty, and ProAssurance American Mutual), and a rating of “A” (Excellent) to Medmarc Casualty Insurance Company, Noetic Specialty Insurance Company, PICA, and Eastern Alliance Insurance Group. Fitch assigns a rating of "A" to ProAssurance Corporation and all subsidiaries.  For more information, visit www.proassurance.com.