(December 13, 2013 – Toronto, ON) Risk Control Technologies Inc., the industry-leading provider of loss control software solutions for insurers, today announced that RSA Canada has deployed the RC Inspection software solution in production to help streamline its property and casualty risk control operations. RSA Canada is the country’s third largest P&C insurer with assets exceeding $7.6 billion.
Branded internally as “S.M.A.R.T.” (Survey Management and Reporting Tool), RC Inspection was implemented as the risk control management system for RSA Canada’s commercial and Global Specialty Lines across the country.
“When we identified the need for a risk control management solution, we had high expectations from Risk Control Technologies based on their reputation in the marketplace” said Mark Cairns, Vice President and CIO, Broker Business for RSA Canada, “Not only were they able to deliver a solution into production within only a couple of months, the product proved to be very robust and highly adaptable to our business”.
RC Inspection is a full end-to-end risk control management solution which will allow RSA Canada to:
- Automate its risk control survey processes to reduce manual tasks.
- Enhance the quality and consistency of survey reports delivered to key stakeholders.
- Effectively track and follow-up on outstanding recommendations which affect risk profiles.
- Provide underwriters with high quality, timely data in support of decision-making.
- Virtually eliminate paper loss control files.
- Enhance loss control data-mining and reporting around risk control data.
- Equip field risk control consultants with an offline application to increase productivity on the go.
Following the successful roll-out in Canada, RSA plans next to implement the RC Inspection solution for its Emerging Markets Division which includes Latin America, Asia, the Middle East as well as Central and Eastern Europe.
“Initially, we were presented with the challenge of getting a fully-functional system up and running inside of 3 months for the RSA Canada team” said David Hanley of Risk Control Technologies, “We were confident in our ability to meet the target because we have developed a highly-configurable and flexible product to meet the varying needs of insurers in any business segment; and we ultimately delivered.”
The solution was deployed in a Software-as-a-Service model for RSA Canada users, leveraging cloud technologies.
With the deployment for RSA, RC Inspection is now used by three of top four largest insurers in Canada.
About Risk Control Technologies Inc.
Risk Control Technologies Inc. uses leading-edge technology to simplify what are traditionally horribly onerous, paper-based processes in the insurance industry. Today, the loss control solution developed by Risk Control Technologies is used by leading insurers throughout North America. For more information visit www.riskcontroltech.com.
With a 300 year heritage, RSA is one of the world’s leading multinational quoted insurance groups. RSA has major operations in the UK, Scandinavia, Canada, Ireland, Asia and the Middle East, Latin America and Central and Eastern Europe and has the capability to write business in around 150 countries. Focusing on general insurance, RSA has around 23,000 employees and, in 2012, its net written premiums were £8.4 billion.
About RSA Canada
RSA Canada includes Roins Financial Services Limited, Royal & Sun Alliance Insurance Company of Canada, Quebec Assurance Company, Johnson Inc., Western Assurance Company, Ascentus Insurance Ltd., Canadian Northern Shield Insurance Company, RSA Travel Insurance Inc./Assurance Voyage RSA inc., L’Union Canadienne, Compagnie d’assurances, and is part of the RSA group of companies headed by RSA Insurance Group plc. RSA Canada employs approximately 4,200 people and is represented by a large network of brokers across the country. In 2012, the Canadian Group wrote $2.8bn in direct premiums with assets exceeding $7.6 billion. RSA is a trade name of Royal & Sun Alliance Insurance Company of Canada. “RSA” and the RSA logo are trademarks used under license from RSA Insurance Group plc.