Vision Risk Selects Claims Product from PCIS
Staff Writer | November 30, 2016
P&C Insurance Systems (PCIS) announces that Vision Risk Services, a third party administrator, has selected ClaimsVISION, PCIS’s SaaS model, which will make a rapid implementation possible for Vision Risk's workers' compensation, general liability, and auto lines of business.
The selection of PCIS reinforces Vision Risk's long history of innovating to differentiate itself in the market and deliver unmatched quality service to its clients. By leveraging ClaimsVISION, Vision Risk will be able to offer its clients intelligent data analytics and compliance automation. After careful market evaluation of available solutions, Vision Risk concluded ClaimsVISION stood out from the rest as an outstanding TPA grade system that offered the latest in technology.
Vision Risk was also impressed with PCIS's knowledge and experience in the New York self-insured market, specifically the company's history with complex public entities like New York City. PCIS's expertise and ability to interface with the New York Workers' Compensation Board was essential and the proprietary No Touch FROI/SROI (EDI) reporting was a leading contributor to the Vision Risk decision. The system's scalability was also a factor as the TPA looks to achieve aggressive growth and needed a system that could easily accommodate.
"ClaimsVISION's 100% automation of FROI/SROI reporting is a game changer,” says Angela Parnell-McDermott, president of Vision Risk. “While many vendors say they interface with the WCB for EDI reporting, the difference with PCIS was that our adjustors never have to know when to trigger a SROI being sent or add information. The system does it all for them. They are already automatically sending the WCB (of New York) the FROIs and SROIs for the largest public entity in the state, and we felt that our municipal clients could benefit greatly with the same solution."
Al Levy, vice president and managing director for Vision Risk, adds, "There are so many aspects of PCIS and ClaimsVISION that appealed to us. Not only is the system an ideal fit for our needs, but the expertise of the PCIS staff when it comes to the New York market and our lines of business is unmatched. We look forward to a long and mutually beneficial relationship."
In addition to a more efficient and TPA grade system, anticipated benefits from Vision Risk's deployment of ClaimsVISION include:
- Scalability while continuing to deliver the quality hands-on service Vision Risk clients expect;
- Efficient FROI/SROI resulting in reduced reliance on the state's Workers' Compensation Board eCase electronic case folder;
- Flexibility and growth by leveraging a hierarchy that makes the addition of new clients and data easy to manage;
- An advanced policy management module to handle coverage and aggregates/limits.
"This is a very satisfying win for PCIS given that Vision Risk has recognized that our ClaimsVISION offering is a proven solution, truly TPA grade, and able to handle the complexity and growth of their business," says Georgette Loizou, PCIS executive vice president. "We also appreciate the value Vision Risk sees in our expertise in the New York market and municipalities in general. We are confident that the skills and knowledge of our staff combined with our ClaimsVISION solution are the best fit for Vision Risk today and well into the future."
- Spotlight on the 2019 IASA Conference
- ValueMomentum Selects Erie as Site of Regional Development Center
- Capgemini and Majesco Become Alliance Partners
- Electronic Chat with Dr. Dan Shoham
- Electronic Chat with Todd Greenbaum
- Martha Notaras: The “Outsider” with an Amazing Inside View
- ProSight Direct Offers “Effortless Insurance for Today’s Professional”
- Electronic Chat with Larissa Tosch
- Martha Notaras Will Join ITA LIVE 2019 as a Keynote Speaker
- Five Things to Consider When Evaluating Your Cyber Risk
- ITA Pro Magazine, January/February 2019
- Major Ransomware Attack Could Hit U.S. with $89B In Economic Damages
- ITA Announces 1st of Three Keynote Speakers at ITA LIVE 2019
- Electronic Chat with Jeroen Morrenhof
- Legacy Systems Are Dead. Really? Don't Count On It.
- Now Accepting Nominations for the 2019 ITA Bridge Awards
- It's time to register for ITA LIVE!
- Registration is Now Open for ITA LIVE 2019!
- What to Expect from a Digital Experience Platform Implementation
- ITA Pro Magazine September Edition is Now Available
- It's National IT Professionals Day
- Save the Date for ITA-LIVE 2019
- OneShield Software and UrbanStat Work Together to Improve Real-Time Analytics and Risk Decision-Making
- ITA LIVE 2019 - SAVE THE DATE!
- Insurance Technology Association Announces New Editor-in-Chief
- August 2018 Edition ITA Pro Magazine is Now Available
- Enterprise Architecture in an Agile World
- Top 10 Tips for Securing Your Mobile Devices and Sensitive Client Data
- Industry Insight: 4 Global Insurance Trends in Digital, Data, Content Services and Security
- Diving Deeper into Prioritizing Your Strategic Digital investments
- Why Content Rules
- How Mass Personalization Will Open the Small Business Benefits Market
- At Year End 2017, Will Your Organization Be Protected from Cyber Risks?
- Do Insurance Bots Dream of Mitigating Risk?
- Conditioned to Respond
- Managing & Mobilizing Insurance Data in a Connected World
- Race to the Finish Line
- New Tools, New Opportunities in Claims
- ITA LIVE: Reaching Insurance Industry Crossroads
- Advice to Insurance IT Leaders: Keep Your Eye on the Ball
- New Date, Venue for ITA LIVE 2017
- Guidewire Makes Major Push to Small and Midtier Market by Acquiring ISCS
- Insurance Disruption is Happening Right Now
- Insurity Adds Strategic Investment Partner, General Atlantic
- Beyond Transformation: The Convergence of Finance, Risk, and Actuarial Functions
- The Rapid Evolution of Consumer Protection Regulation
- Talent Hunt: Finding, Attracting, Retaining Top People
- Insurers Flexing Their Distribution Models
- Technology Driving Disruption in Insurance
- Fear of ‘Next Bubble’ Challenges Life, Annuity Carriers
- Technology Allows Commercial Lines Insurers to Stand Out
- Single Sign-on Viewed as Biggest Tech Challenge for Agencies
- ISCS Observes 20th Anniversary; Scurto Predicts Major Changes Ahead
- Policyholders and Their First Impressions
- Progressive Making Progress on the UBI Front
- High and Dry: Insurers Search for Disaster Recovery Plans
- Insurers Sign The (Un)Dotted Line
- Reflections of a Retired Insurance CIO
- Mobile Device Management Just One Answer to BYOD Issue
- Lessons from GEICO and Progressive on Winning the Critical Buying Stage
- You Are a Target for a Cyber Attack
- Web-based Systems are the Next Evolution in Claims Technology
- Gaining a “Wow” Experience from Web Users
- Time to Shift from Business/IT Alignment to Business/IT Alliance
- Healthcare Insurers Changing to Consumer Model
- Organization is the Key for Selecting Software Vendors
- Analysts Expound on the Needs of the Mid-tier Insurance Market
- Finding the Cure for Obamacare’s Website
- New Software Solutions Benefit Insurers on the Inside and Outside
- Products, Market Impede Investment in Systems for Life Insurers
- Combatting Cyber Threats: Predict, Prevent, Persist
- The Future of Telematics Heads Beyond Insurance
- The Shame in Cyber Security Lapses
- Building Policy Administration Systems for the Future
- Insurers Look Into The Eyes of Their Policyholders
- It’s a New Dawn for the ITA
INSURANCE IT NEWS
- Spotlight on the 2019 IASA Conference
- New Research Points to Economic Challenges Impacting the North American Towing Industry
- Klinger Elected AIMS Society President
- FHM Insurance Company Goes Live with Insurity’s Cloud-based ‘Workers’ CompXPress’ Policy Administration System
- Messagepoint Named a Customer Communications Management Leader in the Aspire Leaderboard for Second Year in a Row
- EIS DXP Hits Milestone with 1,100 Open APIs Now Available to Insurers
- Policy Administration Systems Replacement Still Top of Mind for Property/Casualty Insurers; Novarica Profiles Over 40 Vendors in 12th Annual Report
- MEMIC’s Financial Strength Affirms "A" (Excellent) Rating From A.M. Best
The Email Chat is a regular feature of the ITA Pro magazine and website. We send a series of questions to an insurance IT leader in search of thought-provoking responses on important issues facing the insurance industry.
ITA LIVE 2019
The tide is up! It's time to register for ITA LIVE 2019, our annual educational and networking conference! Our theme is "The InsurTech Revolution: Cutting Through the Hype." and we'll be bringing in a torrent of industry thought leaders, amazing insight and wonderful perspectives on the world of insurtech and its impact on the insurance landscape.
ITA LIVE 2019 will present real-life examples of true startup technologies that are helping insurers gain real advantage -- and a competitive edge -- in the marketplace. We’ll highlight the more successful InsurTech partnerships, while offering case studies that demonstrate exciting innovation and cutting-edge techniques impacting all aspects of the insurance ecosystem.
Ride the wave to LIVE 2019. Sign up today! We look forward to seeing you in May, 2019!
BLOGS AND COLUMNS
You have surely heard it said that small businesses are the growth engine for America. Today, the phrase has a special ring to it for benefits... READ MORE
With stagnant growth and lingering low interest rates, the life insurance industry faces a challenging future... READ MORE
Finding insurance carriers willing to write commercial lines risks has always been a challenge for producers... READ MORE
As Guidewire Software prepares for the start of Connections, its 11th annual user conference that begins on Nov. 2, Brian Desmond, chief marketing... READ MORE